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.
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