These Analysts Boost Their Forecasts On Federated Hermes After Q3 Results

Federated Hermes, Inc. (NYSE:FHI) reported upbeat earnings for the third quarter, after the closing bell on Thursday.

The company posted quarterly earnings of $1.06 per share which beat the analyst consensus estimate of 91 cents per share. The company reported quarterly sales of $408.456 million which missed the analyst consensus estimate of $409.260 million.

“Federated Hermes reached record assets under management for the eighth consecutive quarter on the strength of flows into money market and fixed-income products, along with market appreciation of equity and fixed-income assets. This ...