NYSE$FHI

Federated Hermes Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported earnings for Q2 2020 with EPS of $0.80 and record managed assets.

Federated Hermes reported a strong Q2 2020, with earnings per diluted share of $0.80, up from $0.62 in Q2 2019. Net income increased to $81.2 million. Total managed assets reached a record $628.8 billion.

  • Earnings per diluted share were $0.80, compared to $0.62 for Q2 2019.
  • Net income for Q2 2020 was $81.2 million, compared to $62.7 million for Q2 2019.
  • Total managed assets reached a record $628.8 billion.
  • The board declared a quarterly dividend of $0.27 per share.

Headline financials

Total Revenue

$361M

Previous: $321M+12.2%
EPS (adj)

$0.80

Previous: $0.62+29.0%
Capital Expenditures

-$4.98M

Previous: -$8.86M+43.8%
Free Cash Flow

$76.2M

Previous: $53.9M+41.5%
Net Income

$81.2M

Previous: $62.7M+29.4%
Operating Income

$97.3M

Previous: $84.9M+14.5%
Gross Profit

$272M

Previous: $214M+26.8%
Cash & Equivalents

$373M

Previous: $180M+107.0%
Total Assets

$1.93B

Previous: $1.69B+14.6%
Stock-Based Comp

$6.47M

Previous: $6.08M+6.4%

Revenue & EPS history

Federated Hermes · Revenue · Quarterly

$361M

Q2 2020+12.2%vs Q2 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Federated Hermes · $361M total across 3 segments · Q2 2020

  • Advisory Fees
    $245M
  • Admin Fees
    $83.7M
  • Other Service Fees
    $31.9M

Forward guidance

The 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 Q2 2020

Historical avgQ2 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro