Federated Hermes (NYSE:FHI) announced its earnings results on Thursday. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.63 by $0.17, MarketWatch Earnings reports. Federated Hermes had a net margin of 21.18% and a return on equity of 29.70%. The company had revenue of $360.71 million during the quarter, compared to analysts’ expectations of $351.26 million.
FHI traded up $1.81 during midday trading on Friday, hitting $26.36. 1,194,362 shares of the company’s stock traded hands, compared to its average volume of 627,432. The stock has a market capitalization of $2.66 billion, a P/E ratio of 8.91, a PEG ratio of 1.06 and a beta of 1.26. The company’s fifty day moving average price is $23.21. The company has a current ratio of 2.69, a quick ratio of 2.30 and a debt-to-equity ratio of 0.29. Federated Hermes has a one year low of $13.06 and a one year high of $38.26.
The firm also recently disclosed a dividend, which will be paid on Friday, August 14th. Investors of record on Friday, August 7th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, August 6th. Federated Hermes’s payout ratio is presently 40.15%.
About Federated Hermes
Federated Investors, Inc engages in the provision of investment management products and related financial services. It sponsors, markets and provides investment-related services to sponsored investment companies, Federated Funds, and Separate Accounts which include separately managed accounts (SMAs), institutional accounts, sub-advised funds and other managed products in both domestic and international markets.
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