HNI Corp. (NYSE:HNI) will post its Q316 quarterly earnings results on Thursday, October 20th. Analysts expect HNI Corp. to post earnings of $0.95 per share and revenue of $631.50 million for the quarter. HNI Corp. has set its Q3 guidance at $0.90-0.95 EPS and its FY16 guidance at $2.80-2.95 EPS.

HNI Corp. (NYSE:HNI) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. HNI Corp. had a net margin of 5.06% and a return on equity of 26.76%. On average, analysts expect HNI Corp. to post $2.55 EPS for the current fiscal year and $2.95 EPS for the next fiscal year.

Earnings History for HNI Corp. (NYSE:HNI)

Shares of HNI Corp. (NYSE:HNI) opened at 37.65 on Wednesday. The firm has a market cap of $1.67 billion, a P/E ratio of 14.98 and a beta of 1.50. HNI Corp. has a 52-week low of $29.84 and a 52-week high of $56.96. The stock’s 50 day moving average is $45.40 and its 200-day moving average is $46.53.

In other news, insider Jeffrey D. Lorenger sold 36,483 shares of the company’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $52.20, for a total transaction of $1,904,412.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Donald T. Mead sold 26,343 shares of the company’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $54.60, for a total value of $1,438,327.80. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. BlackRock Fund Advisors raised its position in shares of HNI Corp. by 3.5% in the second quarter. BlackRock Fund Advisors now owns 2,206,450 shares of the company’s stock valued at $102,578,000 after buying an additional 75,273 shares during the period. State Street Corp raised its position in shares of HNI Corp. by 0.6% in the second quarter. State Street Corp now owns 1,345,211 shares of the company’s stock valued at $62,538,000 after buying an additional 7,364 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of HNI Corp. by 2.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,297,462 shares of the company’s stock valued at $60,319,000 after buying an additional 25,803 shares during the period. BlackRock Investment Management LLC raised its position in shares of HNI Corp. by 6.9% in the second quarter. BlackRock Investment Management LLC now owns 277,864 shares of the company’s stock valued at $12,918,000 after buying an additional 17,857 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in shares of HNI Corp. by 1.5% in the second quarter. TIAA CREF Investment Management LLC now owns 202,225 shares of the company’s stock valued at $9,401,000 after buying an additional 2,930 shares during the period. 67.98% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have weighed in on HNI shares. Zacks Investment Research cut HNI Corp. from a “buy” rating to a “sell” rating in a research note on Wednesday, September 21st. Raymond James Financial Inc. cut HNI Corp. from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 20th.

About HNI Corp.

HNI Corporation is a provider of office furniture and hearth products. The Company manufactures and markets gas and wood burning fireplaces. It operates through two segments: office furniture and hearth products. Its office furniture segment manufactures and markets a range of metal and wood commercial and home office furniture, which includes storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions, and panel systems and other related products.

5 Day Chart for NYSE:HNI

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