Shares of Hamilton Beach Brands Holding Co (NYSE:HBB) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokers have set a twelve-month consensus target price of $20.00 for the company and are forecasting that the company will post $1.45 earnings per share for the current quarter, according to Zacks. Zacks has also given Hamilton Beach Brands an industry rank of 97 out of 255 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded shares of Hamilton Beach Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th.
A number of institutional investors have recently added to or reduced their stakes in HBB. Aperio Group LLC purchased a new stake in Hamilton Beach Brands during the second quarter valued at $45,000. Endurance Wealth Management Inc. raised its stake in Hamilton Beach Brands by 200.0% during the third quarter. Endurance Wealth Management Inc. now owns 3,000 shares of the company’s stock valued at $49,000 after purchasing an additional 2,000 shares in the last quarter. First Trust Advisors LP purchased a new stake in Hamilton Beach Brands during the third quarter valued at $194,000. Ancora Advisors LLC raised its stake in Hamilton Beach Brands by 3,372.7% during the third quarter. Ancora Advisors LLC now owns 20,871 shares of the company’s stock valued at $337,000 after purchasing an additional 20,270 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in Hamilton Beach Brands by 14.5% during the third quarter. Squarepoint Ops LLC now owns 24,044 shares of the company’s stock valued at $389,000 after purchasing an additional 3,042 shares in the last quarter. 33.46% of the stock is currently owned by institutional investors.
Hamilton Beach Brands stock opened at $18.86 on Wednesday. The company has a market cap of $262.89 million, a price-to-earnings ratio of 11.86 and a beta of 0.16. The firm’s fifty day moving average is $19.17 and its 200 day moving average is $16.96. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. Hamilton Beach Brands has a 52-week low of $12.60 and a 52-week high of $29.35.
Hamilton Beach Brands (NYSE:HBB) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.43). The business had revenue of $169.78 million for the quarter, compared to analysts’ expectations of $191.40 million. Hamilton Beach Brands had a net margin of 1.80% and a return on equity of 24.14%. On average, equities research analysts anticipate that Hamilton Beach Brands will post 1.45 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Wednesday, November 27th. Hamilton Beach Brands’s payout ratio is 22.64%.
About Hamilton Beach Brands
Hamilton Beach Brands Holding Company, together with its subsidiaries, operates in the consumer, commercial, specialty small appliance, and specialty retail market in the United States and internationally. It designs, markets, and distributes a range of small branded electric household and specialty housewares small appliances, including blenders, can openers, coffeemakers, food processors, indoor electric grills, irons, mixers, slow cookers, toasters, and toaster ovens, as well as commercial products for restaurants, bars, and hotels under the Hamilton Beach Commercial and Proctor Silex Commercial brands.
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