HNI (HNI) to Release Quarterly Earnings on Tuesday

HNI (NYSE:HNI) will release its earnings data before the market opens on Tuesday, October 29th. Analysts expect HNI to post earnings of $0.97 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

HNI (NYSE:HNI) last issued its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.18. HNI had a net margin of 4.39% and a return on equity of 19.15%. The company had revenue of $623.70 million during the quarter, compared to analysts’ expectations of $637.74 million. During the same period last year, the company posted $0.55 EPS. HNI’s revenue was up 10.7% on a year-over-year basis. On average, analysts expect HNI to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

HNI Price Performance

Shares of NYSE HNI opened at $51.66 on Friday. The company has a 50 day simple moving average of $52.63 and a two-hundred day simple moving average of $48.40. HNI has a fifty-two week low of $32.70 and a fifty-two week high of $56.13. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 21.53, a P/E/G ratio of 1.39 and a beta of 0.84. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.73 and a current ratio of 1.20.

HNI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Friday, August 23rd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Friday, August 23rd. HNI’s dividend payout ratio (DPR) is presently 55.00%.

Insider Buying and Selling

In other news, CEO Jeffrey D. Lorenger sold 72,102 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $49.32, for a total transaction of $3,556,070.64. Following the transaction, the chief executive officer now directly owns 296,892 shares of the company’s stock, valued at $14,642,713.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Jeffrey D. Lorenger sold 72,102 shares of HNI stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $49.32, for a total value of $3,556,070.64. Following the completion of the sale, the chief executive officer now directly owns 296,892 shares in the company, valued at $14,642,713.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian Scott Smith sold 2,284 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $54.00, for a total transaction of $123,336.00. Following the transaction, the insider now owns 11,902 shares in the company, valued at approximately $642,708. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,582 shares of company stock worth $5,597,281 in the last three months. Insiders own 3.36% of the company’s stock.

Wall Street Analysts Forecast Growth

HNI has been the topic of a number of recent research reports. StockNews.com cut HNI from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 13th. Benchmark increased their price objective on shares of HNI from $57.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

About HNI

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands.