FMP
Jan 24, 2023 9:04 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
RBC Capital shared its views on Federated Hermes, Inc. (NYSE:FHI) ahead of the upcoming Q4 results, scheduled on Jan 26.
The analysts adjusted their Q4 EPS estimate to $0.79 (vs. Street’s $0.74), as they factor in market returns in the quarter and their refined net flow assumptions. Their 2023 EPS estimate was revised to $3.73 from $3.55, and their 2024 EPS estimate to $4.11 from $3.92.
While equity and bond markets broadly rallied in Q4 to end up increasing quarter-over-quarter (up 7.1% on a spot basis for the S&P 500 index), the analysts noted that markets were largely mixed sequentially on an average basis, which is more representative of actual asset manager economics (world equity indexes declined 2.6% quarter-over-quarter, on an average basis, and bond markets declined 3.8% quarter-over-quarter on an average basis).
The analysts raised their price target to $37 from $35 while maintaining their Sector Perform rating.
Oct 31, 2023 8:03 AM - Parth Sanghvi
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
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