earnings
confidence high
sentiment neutral
materiality 0.60
Federated Hermes Q4 EPS $0.71 down from $0.93; AUM record $668.9B; may issue $300M debt
FEDERATED HERMES, INC.
2021-FY EPS reported
$2.75
revenue$1,300,447,000
- Q4 2021 EPS $0.71 vs $0.93 YoY; net income $68.6M vs $95.2M; full-year EPS $2.75 vs $3.23.
- Total AUM record $668.9B (+8% YoY); long-term AUM record $221.0B.
- Board declared $0.27/share quarterly dividend payable Feb 15, 2022.
- Voluntary yield-related fee waivers net pre-tax impact $37.8M in Q4; Q1 2022 ~$22M, drop 90% if Fed hikes.
- Considering $300M longer-term financing for share buybacks, acquisitions, debt paydown.