Hillenbrand (NYSE:HI) Releases Q1 2022 Earnings Guidance

Hillenbrand (NYSE:HI) updated its first quarter 2022 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.870-$0.940 for the period, compared to the Thomson Reuters consensus estimate of $0.810. The company issued revenue guidance of -.Hillenbrand also updated its FY 2022 guidance to $3.700-$4.000 EPS.

A number of equities analysts have weighed in on the stock. TheStreet raised shares of Hillenbrand from a c+ rating to a b rating in a research note on Monday, November 15th. Barrington Research raised their target price on shares of Hillenbrand from $62.00 to $66.00 and gave the company an outperform rating in a research note on Friday, November 19th. Finally, Zacks Investment Research downgraded shares of Hillenbrand from a buy rating to a hold rating in a research note on Wednesday.

Shares of HI traded down $1.05 on Thursday, hitting $48.27. 188,892 shares of the stock traded hands, compared to its average volume of 372,342. The stock has a market cap of $3.49 billion, a P/E ratio of 14.58, a PEG ratio of 1.08 and a beta of 1.51. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.39 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $45.27. Hillenbrand has a one year low of $36.44 and a one year high of $52.84.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Wednesday, November 17th. The company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.10. The company had revenue of $754.90 million during the quarter, compared to the consensus estimate of $727.75 million. Hillenbrand had a net margin of 8.72% and a return on equity of 23.20%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 earnings per share. On average, equities research analysts forecast that Hillenbrand will post 3.79 earnings per share for the current year.

In related news, insider Nicholas R. Farrell sold 3,697 shares of the firm’s stock in a transaction that occurred on Monday, November 22nd. The shares were sold at an average price of $50.13, for a total transaction of $185,330.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.03% of the stock is owned by company insiders.

A hedge fund recently raised its stake in Hillenbrand stock. Morgan Stanley increased its stake in Hillenbrand, Inc. (NYSE:HI) by 25.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 354,274 shares of the company’s stock after purchasing an additional 72,291 shares during the quarter. Morgan Stanley owned 0.49% of Hillenbrand worth $15,615,000 at the end of the most recent quarter. 86.29% of the stock is currently owned by institutional investors.

About Hillenbrand

Hillenbrand, Inc is a diversified industrial company, which engages in the development, manufacture, and sale of engineered industrial equipment. It operates through the following segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. Advanced Process Solutions segment designs, engineers, manufactures, markets, and services differentiated process and material handling equipment and systems for a wide variety of industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.

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Earnings History and Estimates for Hillenbrand (NYSE:HI)

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