HNI Corporation (HNI) Getting Positive Press Coverage, Report Finds
News stories about HNI Corporation (NYSE:HNI) have trended positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HNI Corporation earned a coverage optimism score of 0.28 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 45.5315982165233 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- $0.81 Earnings Per Share Expected for HNI Corporation (HNI) This Quarter (americanbankingnews.com)
- HNI Corporation (HNI) and Essendant (ESND) Head to Head Comparison (americanbankingnews.com)
- Jaffe Hit With $5M Negligence Verdict Over Pension Advice (law360.com)
- Does HNI Corporation’s (HNI) PE Ratio Signal A Selling Opportunity? (finance.yahoo.com)
- Limoges: Muscatine came together for Fireball Run episode shoot (muscatinejournal.com)
Shares of HNI Corporation (NYSE:HNI) traded up 0.12% during midday trading on Thursday, hitting $42.05. The stock had a trading volume of 37,379 shares. The stock has a 50 day moving average of $37.73 and a 200-day moving average of $40.99. The company has a market cap of $1.85 billion, a P/E ratio of 30.21 and a beta of 1.46. HNI Corporation has a one year low of $34.60 and a one year high of $56.94.
HNI Corporation (NYSE:HNI) last issued its quarterly earnings results on Monday, July 24th. The business services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The business had revenue of $514.50 million during the quarter, compared to analysts’ expectations of $516.10 million. HNI Corporation had a net margin of 2.94% and a return on equity of 20.82%. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 EPS. Analysts forecast that HNI Corporation will post $2.45 EPS for the current fiscal year.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded HNI Corporation from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Raymond James Financial, Inc. upgraded HNI Corporation from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Wednesday, August 23rd. Citigroup Inc. raised HNI Corporation to an “outperform” rating and set a $42.00 target price on the stock in a research report on Wednesday, August 23rd. UBS AG raised HNI Corporation from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 23rd. Finally, BidaskClub lowered HNI Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. HNI Corporation presently has a consensus rating of “Hold” and an average price target of $44.50.
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In related news, Chairman Stanley A. Askren sold 12,000 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $36.44, for a total value of $437,280.00. Following the completion of the transaction, the chairman now owns 216,996 shares of the company’s stock, valued at $7,907,334.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.16% of the company’s stock.
HNI Corporation Company Profile
HNI Corporation is a provider of office furniture and hearth products. The Company’s office furniture products include panel-based and freestanding furniture systems, seating, storage and tables. The Company’s segments include office furniture and hearth products. The office furniture segment manufactures and markets a line 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.
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