NYSE$FHI

Federated Hermes Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Federated Hermes reported EPS of $0.63 and net income of $64.2 million. Managed assets reached a record $605.8 billion.

Federated Hermes reported a strong first quarter, with EPS increasing to $0.63 compared to $0.54 in the same quarter last year. Net income also saw an increase, reaching $64.2 million. The company's managed assets hit a record high of $605.8 billion.

  • EPS for Q1 2020 was $0.63, up from $0.54 in Q1 2019.
  • Net income for Q1 2020 reached $64.2 million, compared to $54.5 million in Q1 2019.
  • Total managed assets reached a record $605.8 billion.
  • The board of directors declared a quarterly dividend of $0.27 per share.

Headline financials

Total Revenue

$359M

Previous: $307M+17.0%
EPS (adj)

$0.63

Previous: $0.54+16.7%
Capital Expenditures

-$1.56M

Previous: -$5.06M+69.2%
Free Cash Flow

$62.6M

Previous: $49.5M+26.5%
Net Income

$64.2M

Previous: $54.5M+17.7%
Operating Income

$92.7M

Previous: $70.9M+30.8%
Gross Profit

$244M

No prior period
Cash & Equivalents

$381M

No prior period
Total Assets

$1.93B

No prior period
Stock-Based Comp

$7.47M

No prior period

Revenue & EPS history

Federated Hermes · Revenue · Quarterly

$359M

Q1 2020+17%vs Q1 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Federated Hermes · $359M total across 3 segments · Q1 2020

  • Advisory Fees
    $241M
  • Admin Fees
    $72.2M
  • Other Service Fees
    $46.3M

Forward guidance

Federated Hermes' level of business activity and financial results are dependent upon many factors, including market conditions, investment performance and investor behavior.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.1%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+1.4%

Avg return

30 days after

47%

31 / 66 earnings

Positive

+12.3%

Q3 2012

Best reaction

-12.9%

Q1 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.0%-4.3%-3.5%
Q4 2025+0.3%+0.2%+5.6%
Q3 2025+4.5%+6.2%+6.1%
Q1 2025+4.7%+6.0%+9.9%
Q4 2024+0.1%-1.0%-2.5%
Q3 2024+1.6%+4.4%+11.3%
Q2 2024+0.8%+0.3%-1.8%
Q1 2024-6.2%-6.1%-7.0%
Q4 2023+2.2%+5.7%+2.5%
Q3 2023+3.2%+3.8%+3.5%
Q2 2023-6.7%-7.2%-5.1%
Q1 2023-1.0%-1.9%-13.8%
Q4 2022+3.0%+4.6%+3.5%
Q3 2022+10.3%+9.9%+17.7%
Q2 2022-1.2%-1.7%+0.3%
Q1 2022-2.0%+0.4%+18.1%
Q4 2021-0.3%-0.8%+0.3%
Q3 2021+3.7%+6.9%+6.5%
Q2 2021+0.2%-0.1%+6.7%
Q1 2021-4.4%+1.5%+5.6%
Q4 2020-5.7%-4.9%-6.7%
Q3 2020+5.4%+11.1%+22.5%
Q2 2020+6.8%+3.4%-0.5%
Q1 2020-6.4%-3.4%-3.1%
Q4 2019+6.1%+9.7%-15.5%
Q3 2019-4.1%-1.5%+3.8%
Q2 2019+4.9%+3.3%-6.0%
Q1 2019-5.8%-6.9%-6.5%
Q4 2018-1.6%+3.1%+11.7%
Q3 2018+12.2%+16.0%+18.5%
Q2 2018-0.0%+3.2%-1.0%
Q1 2018-12.9%-18.0%-19.9%
Q4 2017+4.3%-0.3%-4.8%
Q3 2017+2.7%+3.9%+4.4%
Q2 2017-4.1%-3.4%-8.5%
Q1 2017-3.9%-4.9%-3.7%
Q4 2016-5.2%-5.7%-1.5%
Q3 2016+1.1%-1.2%+4.4%
Q2 2016-0.1%-1.0%+1.2%
Q1 2016-1.9%
Q4 2015-0.2%
Q3 2015+5.5%
Q2 2015-0.4%
Q1 2015+0.7%
Q4 2014+1.4%
Q3 2014+5.4%
Q2 2014-3.5%
Q1 2014-2.4%
Q4 2013-4.7%
Q3 2013+3.0%
Q2 2013-3.0%
Q1 2013-2.2%
Q4 2012-1.9%
Q3 2012+12.3%
Q2 2012+0.3%
Q1 2012+3.3%
Q4 2011-3.1%
Q4 2008-3.1%
Q3 2011-8.4%
Q2 2011-4.8%
Q1 2011+0.9%
Q4 2010-4.0%
Q3 2010-0.6%
Q2 2010+1.1%
Q4 2009+1.1%
Q1 2010-4.4%

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