Wall Street analysts predict that Hillenbrand, Inc. (NYSE:HI) will post earnings per share of $0.40 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Hillenbrand’s earnings. Hillenbrand reported earnings of $0.57 per share in the same quarter last year, which would suggest a negative year over year growth rate of 29.8%. The company is expected to report its next quarterly earnings report on Wednesday, July 29th.
According to Zacks, analysts expect that Hillenbrand will report full-year earnings of $1.95 per share for the current year. For the next fiscal year, analysts expect that the firm will post earnings of $2.05 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Hillenbrand.
Hillenbrand (NYSE:HI) last posted its earnings results on Wednesday, May 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.39 by $0.14. Hillenbrand had a positive return on equity of 17.85% and a negative net margin of 1.02%. The company had revenue of $648.90 million for the quarter, compared to the consensus estimate of $647.77 million. During the same quarter in the prior year, the business earned $0.63 earnings per share. The firm’s revenue for the quarter was up 39.7% on a year-over-year basis.
A number of brokerages recently issued reports on HI. Zacks Investment Research downgraded Hillenbrand from a “hold” rating to a “sell” rating in a research report on Tuesday, June 9th. ValuEngine downgraded Hillenbrand from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Finally, DA Davidson increased their price target on Hillenbrand from $30.00 to $35.00 in a research report on Wednesday, June 10th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. Hillenbrand currently has an average rating of “Hold” and a consensus price target of $41.00.
Shares of Hillenbrand stock traded up $0.46 on Thursday, hitting $27.07. The stock had a trading volume of 366,941 shares, compared to its average volume of 539,445. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of -157.65 and a beta of 1.38. Hillenbrand has a twelve month low of $13.61 and a twelve month high of $40.27. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 1.91. The business’s 50 day moving average is $25.18 and its two-hundred day moving average is $25.43.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $0.213 dividend. This represents a $0.85 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Monday, June 15th. Hillenbrand’s payout ratio is 34.69%.
Several institutional investors and hedge funds have recently made changes to their positions in HI. Ellevest Inc. raised its position in Hillenbrand by 118.8% during the 1st quarter. Ellevest Inc. now owns 1,442 shares of the company’s stock worth $28,000 after purchasing an additional 783 shares during the last quarter. Orion Portfolio Solutions LLC bought a new position in Hillenbrand during the 4th quarter worth $69,000. Truvestments Capital LLC bought a new position in Hillenbrand during the 1st quarter worth $75,000. Wealth Quarterback LLC acquired a new stake in shares of Hillenbrand in the 1st quarter valued at about $77,000. Finally, Advisor Group Holdings Inc. acquired a new stake in shares of Hillenbrand in the 1st quarter valued at about $83,000. Institutional investors own 84.63% of the company’s stock.
Hillenbrand Company Profile
Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.
Featured Article: What is a resistance level?
Get a free copy of the Zacks research report on Hillenbrand (HI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hillenbrand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand and related companies with MarketBeat.com's FREE daily email newsletter.