Federated Hermes Reports Worse Than Expected Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/FHI'>Federated Hermes (NYSE:FHI)</a> reported its Q4 results on Thursday, with EPS of $0.63 coming in worse than the Street estimate of $0.73. Revenue was $373.9 million, missing the Street estimate of $382.45 million.</p>
<p>Net outflows were greater than expected due to fixed income net outflows, though the Strategic Value Div fund had approximately $1 billion of net inflows. MMF AUM (Assets under management) growth could be meaningful as interest rates plateau. </p>
<p>Analysts at RBC Capital provided their views following the quarterly results. Noting some uncertainty around potential MMF regulatory changes, the analysts maintained their Sector Perform rating and $37 price target.</p>

NYSE:FHI