Share Repurchase Program Authorized by Hamilton Beach Brands (NYSE:HBB) Board of Directors

Hamilton Beach Brands (NYSE:HBB) declared that its board has authorized a stock repurchase plan on Thursday, November 20th, RTT News reports. The company plans to buyback $25.00 million in shares. This buyback authorization permits the company to repurchase up to 13.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Hamilton Beach Brands from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Hamilton Beach Brands in a research report on Friday, October 31st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Hamilton Beach Brands Price Performance

NYSE HBB traded up $0.10 on Thursday, hitting $14.26. The company had a trading volume of 13,176 shares, compared to its average volume of 19,179. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.15 and a quick ratio of 0.86. The company’s fifty day moving average price is $14.43 and its 200-day moving average price is $15.85. The company has a market capitalization of $191.67 million, a PE ratio of 6.12 and a beta of 0.03. Hamilton Beach Brands has a 12-month low of $12.72 and a 12-month high of $21.20.

Hamilton Beach Brands (NYSE:HBB) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $132.78 million for the quarter. Hamilton Beach Brands had a net margin of 5.25% and a return on equity of 19.42%.

Hamilton Beach Brands Company Profile

Hamilton Beach Brands Holding Company, together with its subsidiaries, designs, markets, and distributes small electric household and specialty housewares appliances in the United States and internationally. It offers air fryers, blenders, coffee makers, food processors, indoor electric grills, irons, juicers, mixers, slow cookers, toasters, and toaster ovens.