Hillenbrand (NYSE:HI) Updates FY 2024 Earnings Guidance

Hillenbrand (NYSE:HI) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.300-3.500 for the period, compared to the consensus earnings per share estimate of 3.700. The company issued revenue guidance of $3.2 billion-$3.3 billion, compared to the consensus revenue estimate of $3.3 billion. Hillenbrand also updated its FY24 guidance to $3.30-$3.50 EPS.

Hillenbrand Stock Performance

Shares of Hillenbrand stock traded down $1.81 during mid-day trading on Tuesday, hitting $47.67. 313,838 shares of the stock were exchanged, compared to its average volume of 283,813. The company has a market capitalization of $3.34 billion, a P/E ratio of 6.17 and a beta of 1.49. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.79 and a current ratio of 1.28. The company has a 50-day simple moving average of $48.19 and a 200 day simple moving average of $44.80. Hillenbrand has a 12 month low of $37.19 and a 12 month high of $53.76.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $776.40 million. Sell-side analysts anticipate that Hillenbrand will post 3.72 earnings per share for the current fiscal year.

Hillenbrand Cuts Dividend

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

Insider Buying and Selling

In other Hillenbrand news, CEO Kimberly K. Ryan bought 5,600 shares of Hillenbrand stock in a transaction dated Friday, February 9th. The stock was purchased at an average price of $44.94 per share, for a total transaction of $251,664.00. Following the completion of the purchase, the chief executive officer now directly owns 133,604 shares of the company’s stock, valued at $6,004,163.76. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Kimberly K. Ryan acquired 5,600 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $44.94 per share, for a total transaction of $251,664.00. Following the purchase, the chief executive officer now owns 133,604 shares in the company, valued at approximately $6,004,163.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert M. Vanhimbergen bought 11,319 shares of the business’s stock in a transaction on Friday, February 9th. The stock was bought at an average price of $45.23 per share, with a total value of $511,958.37. Following the purchase, 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 currently owned by insiders.

Hillenbrand Company Profile

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.