FY2024 Earnings Estimate for Hillenbrand, Inc. Issued By DA Davidson (NYSE:HI)

Hillenbrand, Inc. (NYSE:HI) – Investment analysts at DA Davidson cut their FY2024 EPS estimates for Hillenbrand in a report issued on Thursday, May 2nd. DA Davidson analyst M. Summerville now anticipates that the company will earn $3.35 per share for the year, down from their previous estimate of $3.65. The consensus estimate for Hillenbrand’s current full-year earnings is $3.57 per share. DA Davidson also issued estimates for Hillenbrand’s FY2025 earnings at $4.00 EPS.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. The firm had revenue of $785.30 million for the quarter, compared to analyst estimates of $801.55 million. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 EPS.

Hillenbrand Stock Up 1.3 %

Shares of NYSE:HI opened at $42.44 on Friday. The firm has a fifty day moving average of $47.92 and a 200 day moving average of $44.80. Hillenbrand has a 52-week low of $37.19 and a 52-week high of $53.76. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.79 and a current ratio of 1.34. The firm has a market capitalization of $2.98 billion, a PE ratio of 35.07 and a beta of 1.49.

Hillenbrand Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.222 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Thursday, March 14th. Hillenbrand’s payout ratio is currently 73.55%.

Insider Activity

In other Hillenbrand news, CEO Kimberly K. Ryan purchased 5,600 shares of Hillenbrand stock in a transaction on Friday, February 9th. The shares were acquired at an average cost of $44.94 per share, for a total transaction of $251,664.00. Following the completion of the transaction, the chief executive officer now directly owns 133,604 shares of the company’s stock, valued at $6,004,163.76. The purchase was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Robert M. Vanhimbergen acquired 11,319 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average price of $45.23 per share, for a total transaction of $511,958.37. Following the completion of the acquisition, the chief financial officer now owns 34,559 shares in the company, valued at $1,563,103.57. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Kimberly K. Ryan bought 5,600 shares of the stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $44.94 per share, with a total value of $251,664.00. Following the purchase, the chief executive officer now owns 133,604 shares in the company, valued at approximately $6,004,163.76. The disclosure for this purchase can be found here. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Hillenbrand

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in Hillenbrand in the 4th quarter worth $40,130,000. Vanguard Group Inc. grew its stake in shares of Hillenbrand by 8.2% in the third quarter. Vanguard Group Inc. now owns 8,278,168 shares of the company’s stock worth $350,249,000 after purchasing an additional 623,919 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Hillenbrand by 19.6% during the 3rd quarter. Victory Capital Management Inc. now owns 2,601,608 shares of the company’s stock valued at $110,074,000 after purchasing an additional 426,077 shares during the period. Dimensional Fund Advisors LP raised its position in Hillenbrand by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,747,176 shares of the company’s stock valued at $83,605,000 after purchasing an additional 120,782 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in Hillenbrand by 21.0% in the 3rd quarter. Raymond James & Associates now owns 424,762 shares of the company’s stock worth $17,972,000 after buying an additional 73,759 shares during the period. 89.09% of the stock is currently owned by institutional investors.

About Hillenbrand

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.