NYSE$FHI

Federated Hermes Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported earnings of $0.61 per diluted share for Q1 2022.

Federated Hermes reported Q1 2022 earnings with EPS of $0.61, compared to $0.75 for the same quarter last year. Net income was $55.9 million, down from $74.5 million in Q1 2021. Total managed assets were $631.1 billion, a 1% increase from the previous year.

  • Q1 2022 earnings per diluted share (EPS) were $0.61, down from $0.75 in Q1 2021.
  • Net income for Q1 2022 was $55.9 million, compared to $74.5 million in Q1 2021.
  • Total managed assets reached $631.1 billion at the end of March, a 1% increase year-over-year.
  • The board of directors declared a dividend of $0.27 per share.

Headline financials

Total Revenue

$325M

Previous: $341M-4.8%
EPS (adj)

$0.61

Previous: $0.75-18.7%
Capital Expenditures

-$1.85M

Previous: -$2.16M+14.2%
Free Cash Flow

$54M

Previous: $72.3M-25.3%
Net Income

$55.9M

Previous: $74.5M-25.0%
Operating Income

$83.9M

Previous: $97.5M-13.9%
Gross Profit

$191M

Previous: $198M-3.4%
Cash & Equivalents

$262M

Previous: $223M+17.7%
Total Assets

$2.02B

Previous: $2.01B+0.4%
Stock-Based Comp

$9.29M

Previous: $9.22M+0.8%

Revenue & EPS history

Federated Hermes · Revenue · Quarterly

$325M

Q1 2022-4.8%vs Q1 2021
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Federated Hermes · $322M total across 3 segments · Q4 2021

  • Advisory Fees
    $224M-15.7%
  • Admin Fees
    $77.7M-1.8%
  • Other Service Fees
    $20.1M+5.1%

Forward guidance

The net negative impact on pre-tax income from voluntary yield-related fee waivers on money market mutual funds and certain separate accounts may be approximately $1 million during Q2 2022.

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 2022

Historical avgQ1 2022

-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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