HNI (HNI) Set to Announce Quarterly Earnings on Tuesday

HNI (NYSE:HNI) will be announcing its earnings results before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.97 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

HNI (NYSE:HNI) last posted its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.18. The firm had revenue of $623.70 million for the quarter, compared to analyst estimates of $637.74 million. HNI had a net margin of 4.39% and a return on equity of 19.15%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 earnings per share. On average, analysts expect HNI to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

HNI Trading Down 2.5 %

HNI stock opened at $53.27 on Tuesday. HNI has a 1 year low of $32.70 and a 1 year high of $56.13. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.73 and a current ratio of 1.20. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 39.46, a price-to-earnings-growth ratio of 1.40 and a beta of 0.84. The firm’s 50 day moving average price is $52.50 and its two-hundred day moving average price is $48.19.

HNI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Friday, August 23rd were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.48%. The ex-dividend date was Friday, August 23rd. HNI’s payout ratio is 97.78%.

Insider Activity

In other 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 transaction, the insider now directly owns 11,902 shares in the company, 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 at this link. In other news, CFO Marshall H. Bridges sold 4,138 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $53.50, for a total transaction of $221,383.00. Following the transaction, the chief financial officer now directly owns 78,346 shares in the company, valued at $4,191,511. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction, the insider now owns 11,902 shares in the company, valued at approximately $642,708. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 120,696 shares of company stock worth $6,136,288 in the last ninety days. Corporate insiders own 3.36% of the company’s stock.

Analysts Set New Price Targets

HNI has been the topic of several research analyst reports. Benchmark lifted their price objective on shares of HNI from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. StockNews.com cut shares of HNI from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 13th.

HNI Company Profile

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.