HNI (HNI) Scheduled to Post Earnings on Monday

HNI (NYSE:HNI) is scheduled to be announcing its earnings results before the market opens on Monday, April 29th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

HNI (NYSE:HNI) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.18. The company had revenue of $679.80 million for the quarter, compared to analyst estimates of $686.15 million. HNI had a return on equity of 16.97% and a net margin of 2.03%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 earnings per share. On average, analysts expect HNI to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

HNI Stock Performance

Shares of HNI stock opened at $42.49 on Friday. The stock’s 50-day moving average is $43.33 and its two-hundred day moving average is $40.82. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 41.98, a PEG ratio of 1.22 and a beta of 0.86. HNI has a 1 year low of $24.81 and a 1 year high of $45.47. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.73 and a current ratio of 1.16.

HNI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Monday, February 26th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Friday, February 23rd. HNI’s payout ratio is 125.49%.

Insider Buying and Selling

In related news, Director Larry B. Porcellato sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $44.00, for a total transaction of $88,000.00. Following the transaction, the director now owns 40,718 shares of the company’s stock, valued at $1,791,592. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Vincent P. Berger sold 9,976 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $43.01, for a total value of $429,067.76. Following the completion of the sale, the executive vice president now owns 67,025 shares in the company, valued at $2,882,745.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Larry B. Porcellato sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $44.00, for a total transaction of $88,000.00. Following the completion of the sale, the director now owns 40,718 shares of the company’s stock, valued at approximately $1,791,592. The disclosure for this sale can be found here. Insiders have sold a total of 17,374 shares of company stock valued at $749,534 over the last quarter. 3.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com lowered HNI from a “strong-buy” rating to a “buy” rating in a report on Friday, March 8th.

About HNI

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands.