Equities analysts forecast that HNI Corp (NYSE:HNI) will post earnings of $1.06 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for HNI’s earnings. The highest EPS estimate is $1.08 and the lowest is $1.03. HNI reported earnings per share of $0.90 during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.8%. The business is scheduled to announce its next earnings report after the market closes on Wednesday, October 23rd.
On average, analysts expect that HNI will report full-year earnings of $2.60 per share for the current year. For the next year, analysts expect that the company will report earnings of $2.91 per share, with EPS estimates ranging from $2.90 to $2.92. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow HNI.
HNI (NYSE:HNI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.03). HNI had a return on equity of 18.33% and a net margin of 4.02%. The business had revenue of $526.00 million for the quarter, compared to the consensus estimate of $551.13 million. During the same quarter in the prior year, the business earned $0.44 EPS. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis.
Several brokerages have recently issued reports on HNI. Zacks Investment Research raised shares of HNI from a “sell” rating to a “hold” rating in a research note on Wednesday, September 25th. ValuEngine raised shares of HNI from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $45.00.
HNI traded up $1.17 during trading on Friday, reaching $35.87. 1,027 shares of the company’s stock were exchanged, compared to its average volume of 250,098. The company’s fifty day moving average price is $33.10 and its 200-day moving average price is $34.60. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.75 and a current ratio of 1.21. HNI has a fifty-two week low of $29.90 and a fifty-two week high of $42.23. The firm has a market capitalization of $1.46 billion, a PE ratio of 14.85 and a beta of 1.24.
In related news, CEO Jeffrey D. Lorenger sold 10,183 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $35.00, for a total value of $356,405.00. Following the transaction, the chief executive officer now owns 34,669 shares in the company, valued at approximately $1,213,415. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.20% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale bought a new position in HNI in the 2nd quarter valued at about $35,000. Panagora Asset Management Inc. bought a new position in shares of HNI during the second quarter valued at $38,000. Capital Investment Advisors LLC bought a new position in shares of HNI during the second quarter valued at $60,000. Point72 Hong Kong Ltd raised its stake in shares of HNI by 1,883.5% during the second quarter. Point72 Hong Kong Ltd now owns 1,924 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 1,827 shares during the last quarter. Finally, Nordea Investment Management AB bought a new position in shares of HNI during the first quarter valued at $92,000. Hedge funds and other institutional investors own 70.49% of the company’s stock.
HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Singapore, and Taiwan. Its Office Furniture segment offers a range of commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, HBF, OFM, Lamex, and HNI India brands.
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