FHI Stock Recent News

•  New products double the number of Federated Hermes ETFs  PITTSBURGH , July 31, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in investment management, today announced the launch of four actively managed ETFs that take a quantitative approach to stock selection. The new products offer investors another way to access the disciplined Federated Hermes MDT investment process, crafted and refined for more than 30 years and now available in an ETF structure.

Federated Hermes, Inc. (NYSE:FHI ) Q2 2024 Earnings Conference Call July 26, 2024 9:00 AM ET Company Participants Richard Donahue - VP, Financial Planning and Analysis Chris Donahue - President and CEO Tom Donahue - VP, CFO and Treasurer Debbie Cunningham - Chief Investment Officer Saker Nusseibeh - CEO of Federated Hermes Limited Conference Call Participants Patrick Davitt - Autonomous Research Adam Beatty - UBS Dan Fannon - Jefferies Ken Worthington - JPMorgan Bill Katz - TD Cowen Brian Bedell - Deutsche Bank John Dunn - Evercore ISI Operator Greetings and welcome to the Federated Hermes Incorporated Second Quarter 2024 Analyst Call and webcast. At this time all participants are on a listen-only mode and a question-and-answer session will follow the formal presentation.

Federated Hermes (FHI) second-quarter 2024 results are driven by increase in total managed assets. However, the higher expense base acted as a headwind.

The headline numbers for Federated Hermes (FHI) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Federated Hermes (FHI) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.81 per share a year ago.

Total assets under management reach a record $782.7 billion Money market assets reach a record $586.6 billion Q2 2024 earnings per diluted share of $0.20, including a ($0.76) per diluted share non-cash intangible asset impairment charge Board declares $0.31 per share dividend PITTSBURGH , July 25, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today reported earnings per diluted share (EPS) of $0.20 for Q2 2024, compared to $0.81 for the same quarter last year, on net income of $21.0 million for Q2 2024, compared to $72.2 million for Q2 2023. Federated Hermes' Q2 2024 results include a $66.3 million non-cash expense, or ($0.76) per diluted share, related to the impairment of an indefinite-lived intangible asset.

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Federated Hermes (FHI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PITTSBURGH , July 15, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today announced that monthly fund composition and performance data for Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of June 30, 2024, is now available in the Products section of FederatedHermes.com/us . To order hard copies of this data or to be placed on a mailing list, call 800-245-0242 x5587538, email CEinfo@federatedhermes.com or write to Federated Hermes, 1001 Liberty Avenue, Floor 23, Pittsburgh, PA 15222.

PITTSBURGH , July 10, 2024 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend. The fund seeks to provide investors with current dividend income that is exempt from regular federal income tax.