Equities research analysts predict that HNI Corp (NYSE:HNI) will announce $552.15 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for HNI’s earnings, with estimates ranging from $551.00 million to $553.30 million. HNI posted sales of $543.61 million during the same quarter last year, which suggests a positive year over year growth rate of 1.6%. The company is scheduled to announce its next earnings report on Monday, July 22nd.

According to Zacks, analysts expect that HNI will report full-year sales of $2.32 billion for the current fiscal year. For the next fiscal year, analysts forecast that the business will report sales of $2.40 billion, with estimates ranging from $2.38 billion to $2.41 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow HNI.

HNI (NYSE:HNI) last announced its earnings results on Monday, April 22nd. The business services provider reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. HNI had a net margin of 4.12% and a return on equity of 18.89%. The firm had revenue of $479.50 million for the quarter, compared to analyst estimates of $485.33 million. During the same quarter last year, the business earned $0.10 earnings per share. HNI’s revenue was down 5.1% compared to the same quarter last year.

A number of analysts recently issued reports on HNI shares. Zacks Investment Research upgraded shares of HNI from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. TheStreet lowered shares of HNI from a “b” rating to a “c+” rating in a research report on Monday, April 22nd. Sidoti set a $45.00 price target on shares of HNI and gave the company a “hold” rating in a report on Friday, May 31st. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of HNI in a report on Wednesday, February 27th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $45.00.

Shares of NYSE HNI opened at $35.78 on Thursday. HNI has a 1 year low of $32.79 and a 1 year high of $45.40. The company has a market cap of $1.54 billion, a P/E ratio of 14.85 and a beta of 1.27. The company has a current ratio of 1.30, a quick ratio of 0.84 and a debt-to-equity ratio of 0.54.

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Thursday, May 16th. This is a positive change from HNI’s previous quarterly dividend of $0.30. HNI’s dividend payout ratio (DPR) is 50.62%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. boosted its holdings in shares of HNI by 250.0% in the 4th quarter. Macquarie Group Ltd. now owns 700 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 500 shares during the last quarter. Claybrook Capital LLC acquired a new position in shares of HNI in the 4th quarter valued at $69,000. Investors Research Corp acquired a new position in shares of HNI in the 1st quarter valued at $76,000. NumerixS Investment Technologies Inc boosted its holdings in shares of HNI by 26.8% in the 1st quarter. NumerixS Investment Technologies Inc now owns 2,082 shares of the business services provider’s stock valued at $76,000 after purchasing an additional 440 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of HNI in the 1st quarter valued at $80,000. Institutional investors own 70.51% of the company’s stock.

About HNI

HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Singapore, and Taiwan. Its Office Furniture segment offers a range of 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, Lamex, and HNI India brands.

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