News stories about HNI (NYSE:HNI) have been trending positive on Friday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. HNI earned a coverage optimism score of 0.26 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 44.1597917792092 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several brokerages recently weighed in on HNI. Raymond James Financial reiterated a “market perform” rating on shares of HNI in a research report on Tuesday, October 24th. Rowe lowered HNI from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 24th. Finally, Zacks Investment Research upgraded HNI from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. HNI presently has a consensus rating of “Hold” and a consensus price target of $39.67.
HNI (NYSE:HNI) opened at $38.64 on Friday. The firm has a market capitalization of $1,680.00, a P/E ratio of 25.93 and a beta of 1.49. HNI has a 52-week low of $31.16 and a 52-week high of $52.30. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.08 and a quick ratio of 0.74.
HNI (NYSE:HNI) last issued its quarterly earnings data on Monday, October 23rd. The business services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.02. The company had revenue of $599.50 million during the quarter, compared to analyst estimates of $585.07 million. HNI had a return on equity of 21.09% and a net margin of 3.08%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 earnings per share. analysts anticipate that HNI will post 1.94 EPS for the current fiscal year.
In other HNI news, Chairman Stanley A. Askren sold 6,112 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $33.44, for a total transaction of $204,385.28. Following the transaction, the chairman now directly owns 218,163 shares in the company, valued at $7,295,370.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stanley A. Askren sold 3,032 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $34.62, for a total value of $104,967.84. Following the transaction, the chief executive officer now owns 213,020 shares in the company, valued at $7,374,752.40. The disclosure for this sale can be found here. Insiders sold 29,375 shares of company stock valued at $1,027,081 over the last quarter. 5.16% of the stock is currently owned by company insiders.
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HNI Company Profile
HNI Corporation is a provider of office furniture and hearth products. The Company’s office furniture products include panel-based and freestanding furniture systems, seating, storage and tables. The Company’s segments include office furniture and hearth products. The office furniture segment manufactures and markets a line of metal and wood commercial and home office furniture, which includes storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions, and panel systems and other related products.
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