Recap: Federated Hermes Q4 Earnings

Shares of Federated Hermes FHI rose in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share increased 14.81% over the past year to $0.93, which beat the estimate of $0.79.

Revenue of $363,918,000 higher by 1.65% from the same period last year, which beat the estimate of $351,540,000.

Looking Ahead

Federated Hermes hasn't issued any earnings guidance for the time being.

Federated Hermes hasn't issued any revenue guidance for the time being.

Technicals

52-week high: $37.12

Company's 52-week low was at $13.06

Price action over last quarter: Up 22.59%

Company Profile

Federated provides asset management services for institutional and individual investors. The company's $614.8 billion in managed assets at the end of September 2020 were composed of equity (13%), multiasset (1%), fixed-income (13%), alternative (3%), and money market (70%) funds. That said, the firm's cash-management operations are expected to generate 40% of Federated's revenue this year, compared with 38%, 14%, and 8%, respectively, for the firm's equity, fixed-income and alternatives/multi-asset operations. From a channel perspective, the company's products are distributed via trust banks, wealth managers and retail broker/dealers (65% of AUM), institutional investors (24%), and international clients (11%).