HNI (HNI) Scheduled to Post Quarterly Earnings on Monday

HNI (NYSE:HNI) will be releasing its earnings data before the market opens on Monday, April 29th. Analysts expect HNI to post earnings of $0.18 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

HNI (NYSE:HNI) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.18. The business had revenue of $679.80 million during the quarter, compared to analyst estimates of $686.15 million. HNI had a return on equity of 16.97% and a net margin of 2.03%. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the company earned $0.63 EPS. On average, analysts expect HNI to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

HNI Stock Performance

NYSE HNI opened at $42.50 on Friday. The business’s 50 day moving average price is $43.31 and its 200-day moving average price is $40.87. HNI has a fifty-two week low of $24.81 and a fifty-two week high of $45.47. The company has a market cap of $2.01 billion, a P/E ratio of 41.66, a P/E/G ratio of 1.20 and a beta of 0.86. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.73 and a current ratio of 1.16.

HNI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Monday, February 26th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.01%. The ex-dividend date was Friday, February 23rd. HNI’s payout ratio is 125.49%.

Insider Buying and Selling at HNI

In related news, Director Miguel M. Calado sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $42.99, for a total transaction of $107,475.00. Following the completion of the sale, the director now directly owns 36,988 shares of the company’s stock, valued at approximately $1,590,114.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Miguel M. Calado sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $42.99, for a total value of $107,475.00. Following the transaction, the director now directly owns 36,988 shares in the company, valued at $1,590,114.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Larry B. Porcellato sold 2,000 shares of HNI stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $44.00, for a total transaction of $88,000.00. Following the sale, the director now owns 40,718 shares of the company’s stock, valued at approximately $1,791,592. The disclosure for this sale can be found here. Insiders sold 17,374 shares of company stock worth $749,534 over the last 90 days. Company insiders own 3.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of HNI from a “strong-buy” rating to a “buy” rating in a report on Friday, March 8th.

HNI Company Profile

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.