HNI (HNI) Issues FY18 Earnings Guidance
HNI (NYSE:HNI) issued an update on its FY18 earnings guidance on Friday morning. The company provided EPS guidance of $2.40-2.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.54. HNI also updated its Q2 guidance to $0.28-0.38 EPS.
Shares of HNI stock opened at $35.32 on Friday. The firm has a market cap of $1,527.45, a price-to-earnings ratio of 19.51 and a beta of 1.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.00 and a quick ratio of 0.68. HNI has a 12 month low of $31.16 and a 12 month high of $48.32.
HNI (NYSE:HNI) last announced its quarterly earnings results on Friday, April 20th. The business services provider reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.07. The business had revenue of $505.10 million during the quarter, compared to analyst estimates of $495.33 million. HNI had a net margin of 4.13% and a return on equity of 17.64%. HNI’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 EPS. analysts forecast that HNI will post 2.5 EPS for the current year.
In related news, SVP Kurt A. Tjaden sold 8,000 shares of the stock in a transaction dated Tuesday, April 17th. The shares were sold at an average price of $36.23, for a total transaction of $289,840.00. Following the completion of the transaction, the senior vice president now owns 43,677 shares in the company, valued at $1,582,417.71. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Kurt A. Tjaden sold 10,000 shares of the stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $38.71, for a total transaction of $387,100.00. Following the transaction, the senior vice president now owns 49,634 shares of the company’s stock, valued at approximately $1,921,332.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,305 shares of company stock valued at $4,327,567. Company insiders own 5.16% of the company’s stock.
HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, and Taiwan. The company's Office Furniture segment offers a range of metal and wood commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, HBF, OFM, basyx by HON, Lamex, and HNI India brands.
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