Hillman Solutions (HLMN) Set to Announce Earnings on Tuesday

Hillman Solutions (NASDAQ:HLMN) will release its earnings data before the market opens on Tuesday, May 7th. Analysts expect Hillman Solutions to post earnings of $0.08 per share for the quarter. Hillman Solutions has set its FY 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Hillman Solutions had a positive return on equity of 6.88% and a negative net margin of 0.65%. The business had revenue of $347.81 million during the quarter, compared to analyst estimates of $344.98 million. During the same quarter in the prior year, the company posted $0.05 EPS. Hillman Solutions’s quarterly revenue was down .8% compared to the same quarter last year. On average, analysts expect Hillman Solutions to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hillman Solutions Stock Performance

Shares of HLMN stock opened at $9.83 on Tuesday. The stock has a fifty day moving average of $9.86 and a 200 day moving average of $8.74. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of -196.56 and a beta of 1.72. The company has a quick ratio of 0.74, a current ratio of 2.46 and a debt-to-equity ratio of 0.63. Hillman Solutions has a 52 week low of $6.02 and a 52 week high of $10.85.

Wall Street Analyst Weigh In

HLMN has been the subject of several research analyst reports. Barclays raised their price objective on shares of Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. Canaccord Genuity Group raised their target price on Hillman Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $16.00 price target (up from $14.00) on shares of Hillman Solutions in a research note on Monday, April 1st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.63.

Insider Activity at Hillman Solutions

In other news, insider Randall J. Fagundo sold 250,546 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $9.63, for a total transaction of $2,412,757.98. Following the completion of the transaction, the insider now directly owns 45,440 shares in the company, valued at $437,587.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Randall J. Fagundo sold 250,546 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $9.63, for a total value of $2,412,757.98. Following the transaction, the insider now directly owns 45,440 shares of the company’s stock, valued at approximately $437,587.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Randall J. Fagundo sold 85,207 shares of Hillman Solutions stock in a transaction on Monday, March 4th. The stock was sold at an average price of $9.58, for a total value of $816,283.06. Following the completion of the sale, the insider now directly owns 45,440 shares of the company’s stock, valued at approximately $435,315.20. The disclosure for this sale can be found here. Insiders sold a total of 618,658 shares of company stock valued at $5,958,077 in the last 90 days. Corporate insiders own 4.10% of the company’s stock.

Hillman Solutions Company Profile

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.