Hillman Solutions (NASDAQ:HLMN) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Hillman Solutions (NASDAQ:HLMN) issued its quarterly earnings data on Monday. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01, FiscalAI reports. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. The business had revenue of $457.49 million during the quarter, compared to the consensus estimate of $462.10 million.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $8.39 on Tuesday. The stock’s 50-day simple moving average is $7.34 and its two-hundred day simple moving average is $8.14. Hillman Solutions has a twelve month low of $6.66 and a twelve month high of $10.85. The firm has a market capitalization of $1.63 billion, a P/E ratio of 38.14, a P/E/G ratio of 1.06 and a beta of 1.42. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 0.55.

Insiders Place Their Bets

In other Hillman Solutions news, CFO Robert O. Kraft acquired 35,500 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was bought at an average price of $7.00 per share, with a total value of $248,500.00. Following the purchase, the chief financial officer owned 697,090 shares of the company’s stock, valued at approximately $4,879,630. This trade represents a 5.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Aaron Parker sold 17,381 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $8.57, for a total value of $148,955.17. Following the transaction, the insider directly owned 54,723 shares in the company, valued at $468,976.11. This trade represents a 24.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 5.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Raymond James Financial downgraded shares of Hillman Solutions from an “outperform” rating to a “hold” rating in a research note on Thursday, October 1st. Jefferies Financial Group upgraded Hillman Solutions to a “strong-buy” rating in a research report on Thursday, September 10th. Canaccord Genuity Group lowered their target price on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, October 1st. Weiss Ratings raised shares of Hillman Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Finally, Barclays lifted their price objective on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.67.

Hillman Solutions Company Profile

Hillman Solutions Corp. (NASDAQ:HLMN) provides hardware products and related merchandising solutions to home improvement centers, mass merchants, hardware stores and other retailers. Its product offerings include house and vehicle keys, key duplication services, key accessories, fasteners, wall-hanging hardware, identification products, engravable tags and other everyday hardware items.

The company also operates automated key-copying kiosks through its MinuteKey business and supplies in-store fixtures, displays and inventory-management services designed to help retailers merchandise and replenish hardware products.