HNI (NYSE: HNI) was downgraded by Raymond James from an “outperform” rating to a “market perform” rating in a research note issued on Friday, TheFlyOnTheWall.com reports.
Separately, analysts at Zacks upgraded shares of HNI from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 19th. They now have a $30.60 price target on the stock.
Shares of HNI (NYSE: HNI) opened at 34.17 on Friday. HNI has a one year low of $21.57 and a one year high of $34.22. The stock’s 50-day moving average is currently $31.99. The company has a market cap of $1.536 billion and a P/E ratio of 31.93.
HNI (NYSE: HNI) last released its earnings data on Tuesday, February 5th. The company reported $0.40 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.43 by $0.03. The company had revenue of $527.50 million for the quarter, compared to the consensus estimate of $519.83 million. During the same quarter last year, the company posted $0.41 earnings per share. HNI’s revenue was up 5.4% compared to the same quarter last year. HNI has set its Q1 guidance at ($0.07)-(0.01) EPS and its FY13 guidance at $1.25-1.45 EPS. On average, analysts predict that HNI will post $1.33 earnings per share for the current fiscal year.
HNI Corporation is a provider of office furniture and hearth products. The Company’s office furniture product offering is sold to dealers, wholesalers, retail superstores, end user customers, and federal, state and local governments.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.
