Sidoti Csr Research Analysts Cut Earnings Estimates for HNI

HNI Co. (NYSE:HNI) – Stock analysts at Sidoti Csr dropped their FY2024 EPS estimates for HNI in a note issued to investors on Wednesday, October 30th. Sidoti Csr analyst G. Burns now forecasts that the business services provider will earn $2.93 per share for the year, down from their prior estimate of $3.17. The consensus estimate for HNI’s current full-year earnings is $3.17 per share. Sidoti Csr also issued estimates for HNI’s Q1 2025 earnings at $0.42 EPS, Q2 2025 earnings at $0.86 EPS, Q3 2025 earnings at $1.21 EPS, Q4 2025 earnings at $1.11 EPS, FY2025 earnings at $3.60 EPS, Q1 2026 earnings at $0.50 EPS, Q2 2026 earnings at $0.96 EPS, Q3 2026 earnings at $1.32 EPS and FY2026 earnings at $4.01 EPS.

HNI has been the subject of a number of other reports. Benchmark raised their price objective on shares of HNI from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, July 26th. StockNews.com upgraded shares of HNI from a “buy” rating to a “strong-buy” rating in a report on Thursday.

HNI Price Performance

Shares of NYSE:HNI opened at $49.32 on Thursday. The business has a fifty day moving average price of $52.56 and a 200-day moving average price of $48.58. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 0.73. The company has a market capitalization of $2.33 billion, a PE ratio of 36.53, a PEG ratio of 1.39 and a beta of 0.84. HNI has a 1-year low of $33.26 and a 1-year high of $56.13.

HNI (NYSE:HNI) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.06. The company had revenue of $672.20 million for the quarter, compared to the consensus estimate of $712.75 million. HNI had a return on equity of 19.15% and a net margin of 4.39%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. purchased a new position in HNI during the first quarter valued at $245,000. BNP Paribas Financial Markets lifted its position in shares of HNI by 86.6% during the 1st quarter. BNP Paribas Financial Markets now owns 35,859 shares of the business services provider’s stock valued at $1,618,000 after buying an additional 16,646 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of HNI by 11.7% during the 1st quarter. Nordea Investment Management AB now owns 89,002 shares of the business services provider’s stock valued at $4,047,000 after acquiring an additional 9,329 shares during the period. Daiwa Securities Group Inc. purchased a new stake in HNI in the 1st quarter worth approximately $202,000. Finally, Texas Permanent School Fund Corp raised its stake in HNI by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 40,765 shares of the business services provider’s stock worth $1,840,000 after acquiring an additional 544 shares during the period. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Insider Activity

In other HNI news, insider Brian Scott Smith sold 2,284 shares of HNI stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $54.00, for a total value of $123,336.00. Following the completion of the sale, the insider now owns 11,902 shares of the company’s stock, valued at approximately $642,708. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other HNI news, insider Brian Scott Smith sold 2,284 shares of the business’s 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 completion of the sale, 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 document filed with the SEC, which is available through this hyperlink. Also, Director Miguel M. Calado sold 5,299 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $52.96, for a total transaction of $280,635.04. Following the sale, the director now directly owns 31,159 shares of the company’s stock, valued at $1,650,180.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,582 shares of company stock valued at $5,597,281 in the last 90 days. 3.36% of the stock is currently owned by insiders.

HNI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Friday, August 23rd were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Friday, August 23rd. HNI’s dividend payout ratio (DPR) is 97.78%.

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.