HNI (NYSE:HNI) Releases FY 2026 Earnings Guidance

HNI (NYSE:HNI) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 4.150-4.330 for the period, compared to the consensus earnings per share estimate of 4.020. The company issued revenue guidance of -. HNI also updated its Q3 2026 guidance to 1.160-1.190 EPS.

HNI Price Performance

Shares of HNI opened at $45.09 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.86 and a current ratio of 1.36. The stock has a 50 day simple moving average of $37.11 and a 200 day simple moving average of $39.34. HNI has a 52-week low of $28.93 and a 52-week high of $52.79. The firm has a market capitalization of $3.21 billion, a PE ratio of 501.02, a P/E/G ratio of 0.54 and a beta of 0.90.

HNI (NYSE:HNI) last announced its earnings results on Thursday, July 30th. The business services provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.04 by $0.23. HNI had a net margin of 0.10% and a return on equity of 13.66%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the company posted $1.11 EPS. The business’s quarterly revenue was up 120.7% on a year-over-year basis. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. Sell-side analysts predict that HNI will post 4 EPS for the current fiscal year.

HNI Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 29th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, May 29th. This is a positive change from HNI’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.1%. HNI’s dividend payout ratio (DPR) is 341.46%.

Analysts Set New Price Targets

HNI has been the subject of a number of research analyst reports. Weiss Ratings raised shares of HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 24th. Benchmark reiterated a “buy” rating on shares of HNI in a report on Wednesday, July 15th. Finally, Wells Fargo & Company set a $65.00 target price on HNI in a research note on Wednesday, July 15th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

Key HNI News

Here are the key news stories impacting HNI this week:

• Positive Sentiment: HNI reported second-quarter adjusted earnings of $1.27 per share, well above the $1.04 analyst consensus and up from $1.11 a year earlier. HNI Surpasses Q2 Earnings Estimates
• Positive Sentiment: Revenue surged 120.7% year over year to approximately $1.47 billion, reflecting the impact of HNI’s Steelcase acquisition, although sales were modestly below the $1.48 billion consensus estimate. HNI’s Revenue Surges in Second Quarter
• Positive Sentiment: Management raised its full-year 2026 adjusted EPS outlook to $4.15–$4.33, above the prior analyst consensus of $4.02, and now expects 20%–25% non-GAAP EPS growth. The company also increased its target for annual Steelcase synergies to at least $120 million. HNI Projects EPS Growth and Raises Synergy Target
• Neutral Sentiment: Third-quarter EPS guidance of $1.16–$1.19 was below the $1.31 consensus estimate, creating a near-term concern. However, the stronger full-year outlook suggests management expects improved performance later in the year. HNI Q2 Earnings Snapshot

Institutional Investors Weigh In On HNI

Hedge funds have recently bought and sold shares of the company. Millennium Management LLC bought a new position in HNI during the first quarter worth about $10,666,000. Jane Street Group LLC bought a new stake in HNI in the first quarter valued at approximately $10,301,000. Entropy Technologies LP bought a new stake in HNI in the third quarter valued at approximately $676,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of HNI by 7.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,290 shares of the business services provider’s stock valued at $6,311,000 after buying an additional 9,730 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of HNI by 23.6% in the first quarter. Intech Investment Management LLC now owns 36,698 shares of the business services provider’s stock valued at $1,628,000 after buying an additional 7,000 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

HNI Company Profile

HNI Corporation, founded in 1944 as the Heating & Novelty Company and headquartered in Muscatine, Iowa, is a leading manufacturer of office furniture and hearth products. Over its history, the company has evolved from producing gas heaters into two primary business segments: Office Furniture and Hearth & Home. HNI’s Office Furniture division operates under well-known brands such as The HON Company, Allsteel, Gunlocke and Kimball, offering a comprehensive portfolio of workstations, seating, tables, storage solutions and acoustic products tailored for corporate, education, healthcare and government markets.

In its Hearth & Home segment, HNI designs, manufactures and distributes fireplaces, stoves, fireplace inserts, logs and related accessories.