HNI Co. (NYSE:HNI - Free Report) - Stock analysts at Sidoti Csr cut their Q4 2024 earnings per share estimates for HNI in a report released on Wednesday, October 30th. Sidoti Csr analyst G. Burns now forecasts that the business services provider will earn $0.73 per share for the quarter, down from their previous estimate of $1.04. The consensus estimate for HNI's current full-year earnings is $2.93 per share.
A number of other research analysts have also issued reports on HNI. Benchmark lifted their target price on HNI from $57.00 to $63.00 and gave the stock a "buy" rating in a report on Friday, July 26th. StockNews.com upgraded shares of HNI from a "buy" rating to a "strong-buy" rating in a report on Thursday.
View Our Latest Report on HNI
HNI stock opened at $49.32 on Friday. HNI has a 12-month low of $33.26 and a 12-month high of $56.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.09 and a quick ratio of 0.73. The firm has a 50 day simple moving average of $52.56 and a 200-day simple moving average of $48.58. The stock has a market capitalization of $2.36 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.41 and a beta of 0.84.
HNI (NYSE:HNI - Get Free Report) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. The firm had revenue of $672.20 million for the quarter, compared to analysts' expectations of $712.75 million. HNI had a return on equity of 19.29% and a net margin of 4.83%. The firm's revenue was down 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS.
Several institutional investors and hedge funds have recently modified their holdings of HNI. Eastern Bank purchased a new position in HNI in the third quarter valued at about $27,000. Quest Partners LLC acquired a new stake in shares of HNI during the 2nd quarter valued at about $29,000. GAMMA Investing LLC increased its holdings in HNI by 51.6% in the third quarter. GAMMA Investing LLC now owns 670 shares of the business services provider's stock worth $36,000 after buying an additional 228 shares during the last quarter. Farther Finance Advisors LLC raised its position in HNI by 4,746.7% during the third quarter. Farther Finance Advisors LLC now owns 2,181 shares of the business services provider's stock valued at $117,000 after acquiring an additional 2,136 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in HNI in the first quarter worth approximately $202,000. 75.26% of the stock is currently owned by hedge funds and other institutional investors.
In other HNI news, insider Brian Scott Smith sold 2,284 shares of the business's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $54.00, for a total transaction of $123,336.00. Following the sale, the insider now directly owns 11,902 shares of the company's stock, valued at $642,708. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other HNI news, insider Brian Scott Smith sold 2,284 shares of HNI stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $54.00, for a total transaction of $123,336.00. Following the transaction, the insider now owns 11,902 shares of the company's stock, valued at $642,708. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey D. Lorenger sold 9,447 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $53.42, for a total transaction of $504,658.74. Following the completion of the sale, the chief executive officer now directly owns 296,892 shares of the company's stock, valued at $15,859,970.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,582 shares of company stock valued at $5,597,281. Company insiders own 3.36% of the company's stock.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.68%. HNI's dividend payout ratio is currently 51.16%.
HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands.
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