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After finishing at $32.80 in the prior trading day, Federated Hermes Inc (NYSE: FHI) closed at $32.67, down -0.40%. In other words, the price has decreased by -$0.40 from its previous closing price. On the day, 1.47 million shares were traded. FHI stock price reached its highest trading level at $33.55 during the session, while it also had its lowest trading level at $32.47.
Ratios:
Our goal is to gain a better understanding of FHI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.79. In the meantime, Its Debt-to-Equity ratio is 0.40 whereas as Long-Term Debt/Eq ratio is at 0.38.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on January 05, 2024, initiated with a Neutral rating and assigned the stock a target price of $35.
On January 04, 2024, TD Cowen started tracking the stock assigning a Market Perform rating and target price of $32.
JP Morgan Upgraded its Underweight to Overweight on April 11, 2023, whereas the target price for the stock was revised from $35 to $47.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 05 ’24 when Uhlman Paul A sold 13,820 shares for $36.20 per share. The transaction valued at 500,327 led to the insider holds 276,084 shares of the business.
Nusseibeh Saker Anwar sold 8,302 shares of FHI for $300,105 on Mar 05 ’24. The CEO, Hermes Fund Managers Ltd. now owns 178,176 shares after completing the transaction at $36.15 per share. On Mar 05 ’24, another insider, Germain Peter J, who serves as the EVP, CLO & Sec. of the company, sold 5,305 shares for $36.14 each. As a result, the insider received 191,730 and left with 213,036 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FHI now has a Market Capitalization of 2760794624 and an Enterprise Value of 2590715904. As of this moment, Federated’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.30, and their Forward P/E ratio for the next fiscal year is 8.08. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.69 while its Price-to-Book (P/B) ratio in mrq is 2.40. Its current Enterprise Value per Revenue stands at 1.596 whereas that against EBITDA is 6.139.
Stock Price History:
The Beta on a monthly basis for FHI is 1.14, which has changed by -0.20355922 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, FHI has reached a high of $42.57, while it has fallen to a 52-week low of $30.23. The 50-Day Moving Average of the stock is -8.19%, while the 200-Day Moving Average is calculated to be -4.42%.
Shares Statistics:
The stock has traded on average 794.89K shares per day over the past 3-months and 1080520 shares per day over the last 10 days, according to various share statistics. A total of 84.84M shares are outstanding, with a floating share count of 80.60M. Insiders hold about 4.25% of the company’s shares, while institutions hold 78.40% stake in the company. Shares short for FHI as of 1713139200 were 2367317 with a Short Ratio of 2.98, compared to 1710460800 on 1451647. Therefore, it implies a Short% of Shares Outstanding of 2367317 and a Short% of Float of 2.92.
Dividends & Splits
In the trailing 12 months, FHI’s forward annual dividend rate was 1.12, compared to 1.12 this year. Against a Trailing Annual Dividend Yield of 0.034146342The stock’s 5-year Average Dividend Yield is 3.48. The current Payout Ratio is 32.66% for FHI, which recently paid a dividend on 2024-02-07 with an ex-dividend date of 1715040000. Stock splits for the company last occurred on 2000-07-18 when the company split stock in a 3:2 ratio.
Earnings Estimates
A detailed examination of Federated Hermes Inc (FHI) is currently in progress, with 7.0 analysts providing valuable insights into its market dynamics.On average, analysts expect EPS of $0.88 for the current quarter, with a high estimate of $0.92 and a low estimate of $0.84, while EPS last year was $0.81. The consensus estimate for the next quarter is $0.95, with high estimates of $0.98 and low estimates of $0.93.
Analysts are recommending an EPS of between $3.81 and $3.54 for the fiscal current year, implying an average EPS of $3.65. EPS for the following year is $4.02, with 9.0 analysts recommending between $4.3 and $3.83.
Revenue Estimates
5 analysts predict $406.25M in revenue for the current quarter. It ranges from a high estimate of $422.6M to a low estimate of $396.93M. As of the current estimate, Federated Hermes Inc’s year-ago sales were $433.23MFor the next quarter, 5 analysts are estimating revenue of $415.56M. There is a high estimate of $435.82M for the next quarter, whereas the lowest estimate is $402.39M.
A total of 6 analysts have provided revenue estimates for FHI’s current fiscal year. The highest revenue estimate was $1.71B, while the lowest revenue estimate was $1.6B, resulting in an average revenue estimate of $1.64B. In the same quarter a year ago, actual revenue was $1.61BBased on 6 analysts’ estimates, the company’s revenue will be $1.74B in the next fiscal year. The high estimate is $1.85B and the low estimate is $1.64B.
