Analysts Anticipate Hamilton Beach Brands Holding Co (HBB) to Post -$0.08 EPS

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Wall Street analysts expect Hamilton Beach Brands Holding Co (NYSE:HBB) to announce ($0.08) earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Hamilton Beach Brands’ earnings. Hamilton Beach Brands reported earnings per share of ($0.03) during the same quarter last year, which would indicate a negative year over year growth rate of 166.7%. The company is expected to issue its next quarterly earnings report on Wednesday, May 1st.

According to Zacks, analysts expect that Hamilton Beach Brands will report full year earnings of $1.80 per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of $1.95 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Hamilton Beach Brands.

Hamilton Beach Brands (NYSE:HBB) last released its earnings results on Wednesday, March 6th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.41). Hamilton Beach Brands had a return on equity of 40.81% and a net margin of 2.93%. The company had revenue of $241.70 million during the quarter.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Hamilton Beach Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 12th. TheStreet raised shares of Hamilton Beach Brands from a “d+” rating to a “c-” rating in a research report on Thursday, November 29th.

HBB opened at $20.46 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.65 and a current ratio of 1.34. Hamilton Beach Brands has a 1 year low of $18.03 and a 1 year high of $31.30. The company has a market capitalization of $283.17 million, a P/E ratio of 12.87 and a beta of -0.12.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.085 per share. The ex-dividend date was Thursday, February 28th. This represents a $0.34 dividend on an annualized basis and a yield of 1.66%. Hamilton Beach Brands’s dividend payout ratio (DPR) is 21.38%.

Hedge funds have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. acquired a new position in Hamilton Beach Brands during the fourth quarter valued at approximately $115,000. Bank of America Corp DE lifted its position in Hamilton Beach Brands by 39.3% during the fourth quarter. Bank of America Corp DE now owns 6,035 shares of the company’s stock valued at $141,000 after buying an additional 1,703 shares in the last quarter. First Trust Advisors LP acquired a new position in Hamilton Beach Brands during the fourth quarter valued at approximately $219,000. Rhumbline Advisers acquired a new position in Hamilton Beach Brands during the fourth quarter valued at approximately $228,000. Finally, Caption Management LLC lifted its position in Hamilton Beach Brands by 19.4% during the fourth quarter. Caption Management LLC now owns 18,034 shares of the company’s stock valued at $423,000 after buying an additional 2,934 shares in the last quarter. 39.52% of the stock is currently owned by hedge funds and other institutional investors.

About Hamilton Beach Brands

Hamilton Beach Brands Holding Company, together with its subsidiaries, operates in the consumer, commercial, specialty small appliance, and specialty retail market in the United States and internationally. It designs, markets, and distributes a range of small branded electric household and specialty housewares small appliances, including blenders, can openers, coffeemakers, food processors, indoor electric grills, irons, mixers, slow cookers, toasters, and toaster ovens, as well as commercial products for restaurants, bars, and hotels under the under the Hamilton Beach, Proctor Silex brand names.

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