Hillman Solutions (HLMN) to Release Earnings on Tuesday

Hillman Solutions (NASDAQ:HLMN) will announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Hillman Solutions has set its FY 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Thursday, February 22nd. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. The firm had revenue of $347.81 million during the quarter, compared to analysts’ expectations of $344.98 million. Hillman Solutions had a negative net margin of 0.65% and a positive return on equity of 6.88%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 EPS. On average, analysts expect Hillman Solutions to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hillman Solutions Stock Performance

NASDAQ HLMN opened at $9.98 on Monday. The company’s fifty day moving average is $9.91 and its two-hundred day moving average is $8.80. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of -199.56 and a beta of 1.73. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.46 and a quick ratio of 0.74. Hillman Solutions has a 52-week low of $6.02 and a 52-week high of $10.85.

Insider Transactions at Hillman Solutions

In other Hillman Solutions news, EVP Gary Seeds sold 163,975 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $9.53, for a total transaction of $1,562,681.75. Following the completion of the transaction, the executive vice president now directly owns 294,722 shares in the company, valued at $2,808,700.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Randall J. Fagundo sold 250,546 shares of Hillman Solutions stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $9.63, for a total value of $2,412,757.98. Following the completion of the transaction, the insider now owns 45,440 shares in the company, valued at $437,587.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gary Seeds sold 163,975 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $9.53, for a total value of $1,562,681.75. Following the completion of the transaction, the executive vice president now directly owns 294,722 shares in the company, valued at $2,808,700.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 618,658 shares of company stock valued at $5,958,077. Corporate insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group lifted their target price on Hillman Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Stifel Nicolaus restated a “buy” rating and set a $16.00 price objective (up from $14.00) on shares of Hillman Solutions in a research report on Monday, April 1st. Finally, Barclays raised their target price on Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.63.

Hillman Solutions Company Profile

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.