Sidoti Equities Analysts Lift Earnings Estimates for HNI

HNI Corporation (NYSE:HNI) – Research analysts at Sidoti boosted their Q3 2026 earnings per share (EPS) estimates for shares of HNI in a note issued to investors on Friday, July 31st. Sidoti analyst G. Burns now anticipates that the business services provider will post earnings of $1.40 per share for the quarter, up from their prior forecast of $1.31. The consensus estimate for HNI’s current full-year earnings is $4.24 per share. Sidoti also issued estimates for HNI’s Q4 2026 earnings at $1.22 EPS, FY2026 earnings at $4.24 EPS, Q1 2027 earnings at $0.66 EPS, Q2 2027 earnings at $1.17 EPS, Q3 2027 earnings at $1.59 EPS, Q4 2027 earnings at $1.45 EPS and FY2027 earnings at $4.87 EPS.

HNI (NYSE:HNI) last issued its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.23. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.48 billion. HNI had a net margin of 0.10% and a return on equity of 13.66%. The business’s quarterly revenue was up 120.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.11 EPS. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS.

Several other research analysts also recently weighed in on HNI. Wells Fargo & Company set a $65.00 price target on shares of HNI in a research report on Wednesday, July 15th. Benchmark reissued a “buy” rating on shares of HNI in a research report on Wednesday, July 15th. Finally, Weiss Ratings upgraded HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

HNI Stock Performance

Shares of NYSE HNI opened at $47.91 on Monday. The firm has a 50 day moving average of $37.45 and a 200 day moving average of $39.32. The company has a current ratio of 1.36, a quick ratio of 0.88 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 532.43, a price-to-earnings-growth ratio of 0.53 and a beta of 0.91. HNI has a 12-month low of $28.93 and a 12-month high of $52.79.

HNI Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 29th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.40 annualized dividend and a yield of 2.9%. This is a positive change from HNI’s previous quarterly dividend of $0.34. HNI’s payout ratio is currently 1,555.56%.

Hedge Funds Weigh In On HNI

Several large investors have recently added to or reduced their stakes in the company. Grace & White Inc. NY boosted its position in shares of HNI by 22.0% in the first quarter. Grace & White Inc. NY now owns 38,855 shares of the business services provider’s stock worth $1,297,000 after purchasing an additional 7,000 shares during the period. Entropy Technologies LP lifted its stake in shares of HNI by 10.5% during the 4th quarter. Entropy Technologies LP now owns 15,935 shares of the business services provider’s stock valued at $670,000 after buying an additional 1,508 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of HNI by 31.7% during the 4th quarter. New York State Common Retirement Fund now owns 21,301 shares of the business services provider’s stock valued at $895,000 after buying an additional 5,125 shares in the last quarter. Cooke & Bieler LP boosted its holdings in HNI by 23.0% in the 4th quarter. Cooke & Bieler LP now owns 754,493 shares of the business services provider’s stock worth $31,719,000 after buying an additional 140,971 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in HNI by 53.0% in the 4th quarter. Handelsbanken Fonder AB now owns 16,716 shares of the business services provider’s stock worth $703,000 after buying an additional 5,790 shares during the period. Hedge funds and other institutional investors own 75.26% of the company’s stock.

About HNI

HNI Corporation, founded in 1944 as the Heating & Novelty Company and headquartered in Muscatine, Iowa, is a leading manufacturer of office furniture and hearth products. Over its history, the company has evolved from producing gas heaters into two primary business segments: Office Furniture and Hearth & Home. HNI’s Office Furniture division operates under well-known brands such as The HON Company, Allsteel, Gunlocke and Kimball, offering a comprehensive portfolio of workstations, seating, tables, storage solutions and acoustic products tailored for corporate, education, healthcare and government markets.

In its Hearth & Home segment, HNI designs, manufactures and distributes fireplaces, stoves, fireplace inserts, logs and related accessories.