HNI (HNI) Scheduled to Post Earnings on Tuesday

HNI (NYSE:HNI) is set to release its earnings data before the market opens on Tuesday, October 29th. Analysts expect HNI to post earnings of $0.97 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

HNI (NYSE:HNI) last issued its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.18. The business had revenue of $623.70 million during the quarter, compared to analysts’ expectations of $637.74 million. HNI had a return on equity of 19.15% and a net margin of 4.39%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.55 earnings per share. On average, analysts expect HNI to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

HNI Trading Down 1.8 %

Shares of NYSE:HNI opened at $51.66 on Friday. HNI has a 12-month low of $32.70 and a 12-month high of $56.13. The company has a market cap of $2.44 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 1.39 and a beta of 0.84. The stock has a 50 day moving average of $52.63 and a 200 day moving average of $48.40. The company has a current ratio of 1.20, a quick ratio of 0.73 and a debt-to-equity ratio of 0.53.

HNI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Friday, August 23rd were given a $0.33 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.56%. HNI’s payout ratio is currently 55.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HNI shares. Benchmark lifted their target price on shares of HNI from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, July 26th. StockNews.com downgraded HNI from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 13th.

Insider Buying and Selling at HNI

In other HNI news, insider Brian Scott Smith sold 2,284 shares of HNI stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $54.00, for a total value of $123,336.00. Following the sale, the insider now directly owns 11,902 shares in the company, valued at approximately $642,708. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Miguel M. Calado sold 5,299 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $52.96, for a total transaction of $280,635.04. Following the completion of the transaction, the director now directly owns 31,159 shares in the company, valued at approximately $1,650,180.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Scott Smith sold 2,284 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $54.00, for a total transaction of $123,336.00. Following the completion of the transaction, the insider now directly owns 11,902 shares of the company’s stock, valued at approximately $642,708. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,582 shares of company stock valued at $5,597,281 in the last three months. 3.36% of the stock is currently owned by corporate insiders.

About HNI

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands.