Hillenbrand (NYSE:HI) Releases Q3 Earnings Guidance

Hillenbrand (NYSE:HI) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.80-$0.85 for the period, compared to the consensus earnings per share estimate of $1.02. Hillenbrand also updated its FY 2024 guidance to 3.300-3.500 EPS.

Hillenbrand Price Performance

Shares of Hillenbrand stock traded down $1.81 during trading on Tuesday, hitting $47.67. 313,838 shares of the company’s stock traded hands, compared to its average volume of 283,813. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.28 and a quick ratio of 0.79. The firm’s fifty day moving average price is $48.16 and its 200 day moving average price is $44.75. Hillenbrand has a twelve month low of $37.19 and a twelve month high of $53.76. The company has a market cap of $3.34 billion, a PE ratio of 6.41 and a beta of 1.49.

Hillenbrand (NYSE:HI) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. Hillenbrand had a net margin of 18.39% and a return on equity of 14.65%. The company had revenue of $773.30 million during the quarter, compared to the consensus estimate of $776.40 million. Analysts forecast that Hillenbrand will post 3.72 earnings per share for the current year.

Hillenbrand Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.222 dividend. This represents a $0.89 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Thursday, March 14th. Hillenbrand’s payout ratio is presently 11.53%.

Insider Buying and Selling

In other news, VP Nicholas R. Farrell sold 8,542 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $47.02, for a total value of $401,644.84. Following the sale, the vice president now directly owns 41,951 shares in the company, valued at approximately $1,972,536.02. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Nicholas R. Farrell sold 8,542 shares of Hillenbrand stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $47.02, for a total transaction of $401,644.84. Following the sale, the vice president now directly owns 41,951 shares in the company, valued at approximately $1,972,536.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Robert M. Vanhimbergen bought 11,319 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price of $45.23 per share, for a total transaction of $511,958.37. Following the completion of the transaction, the chief financial officer now owns 34,559 shares in the company, valued at $1,563,103.57. The disclosure for this purchase can be found here. 1.80% of the stock is owned by insiders.

About Hillenbrand

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.