Hillenbrand (NYSE:HI) Issues Quarterly Earnings Results, Misses Expectations By $0.66 EPS

Hillenbrand (NYSE:HI) posted its quarterly earnings data on Monday. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.66), FiscalAI reports. Hillenbrand had a return on equity of 12.69% and a net margin of 1.61%.The company had revenue of $540.00 million for the quarter, compared to analyst estimates of $607.10 million.

Hillenbrand Trading Up 0.0%

HI opened at $31.99 on Tuesday. Hillenbrand has a 52 week low of $18.36 and a 52 week high of $35.48. The company has a quick ratio of 0.88, a current ratio of 1.22 and a debt-to-equity ratio of 1.05. The business has a fifty day simple moving average of $31.82 and a 200-day simple moving average of $28.73. The firm has a market cap of $2.26 billion, a P/E ratio of 52.44 and a beta of 1.40.

Hillenbrand Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.2275 per share. This represents a $0.91 dividend on an annualized basis and a yield of 2.8%. This is a positive change from Hillenbrand’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, December 16th. Hillenbrand’s payout ratio is currently 149.18%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HI shares. DA Davidson reaffirmed a “neutral” rating and set a $32.00 target price on shares of Hillenbrand in a research note on Thursday, November 20th. CJS Securities restated a “market perform” rating and set a $32.00 price objective on shares of Hillenbrand in a research report on Thursday, October 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Hillenbrand in a report on Monday, December 29th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $32.00.

Hedge Funds Weigh In On Hillenbrand

Several institutional investors have recently bought and sold shares of HI. Royal Bank of Canada lifted its position in shares of Hillenbrand by 37.0% during the first quarter. Royal Bank of Canada now owns 9,950 shares of the company’s stock worth $240,000 after purchasing an additional 2,687 shares in the last quarter. AQR Capital Management LLC grew its stake in Hillenbrand by 154.2% during the 1st quarter. AQR Capital Management LLC now owns 31,096 shares of the company’s stock worth $751,000 after purchasing an additional 18,863 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Hillenbrand by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,786 shares of the company’s stock worth $1,009,000 after purchasing an additional 1,829 shares during the period. Jones Financial Companies Lllp grew its position in shares of Hillenbrand by 622.7% during the first quarter. Jones Financial Companies Lllp now owns 3,729 shares of the company’s stock worth $90,000 after buying an additional 3,213 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Hillenbrand by 4.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,847 shares of the company’s stock worth $4,559,000 after purchasing an additional 8,081 shares during the last quarter. 89.09% of the stock is owned by institutional investors and hedge funds.

About Hillenbrand

Hillenbrand, Inc, headquartered in Batesville, Indiana, is a global industrial company specializing in engineered equipment and process solutions. Through its Coperion division, Hillenbrand designs and manufactures compounding and extrusion systems, polymer and food processing equipment, bulk material handling technologies and associated automation. These offerings support a variety of end markets, including plastics, chemicals, food, pharmaceutical and minerals, helping customers optimize production efficiency and product quality.

Tracing its roots to the Batesville Casket Company founded in 1906, the organization evolved through strategic acquisitions and expanded its focus on process technologies.