Sidoti Csr Analysts Raise Earnings Estimates for HNI Co. (NYSE:HNI)

HNI Co. (NYSE:HNI) – Analysts at Sidoti Csr lifted their Q4 2024 earnings per share estimates for shares of HNI in a note issued to investors on Tuesday, April 30th. Sidoti Csr analyst G. Burns now forecasts that the business services provider will post earnings of $1.00 per share for the quarter, up from their previous estimate of $0.99. The consensus estimate for HNI’s current full-year earnings is $3.10 per share. Sidoti Csr also issued estimates for HNI’s Q1 2025 earnings at $0.32 EPS and Q4 2025 earnings at $1.14 EPS.

HNI (NYSE:HNI) last issued its quarterly earnings results on Monday, April 29th. The business services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.19. The company had revenue of $588.00 million during the quarter, compared to the consensus estimate of $574.56 million. HNI had a return on equity of 17.75% and a net margin of 2.57%. HNI’s revenue was up 22.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 EPS.

Several other analysts have also recently issued reports on HNI. Benchmark boosted their price objective on shares of HNI from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday. StockNews.com cut shares of HNI from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 8th.

HNI Stock Up 1.9 %

Shares of NYSE HNI opened at $44.19 on Thursday. HNI has a 52-week low of $24.81 and a 52-week high of $45.47. The firm has a fifty day moving average of $43.29 and a 200-day moving average of $41.10. The stock has a market capitalization of $2.09 billion, a PE ratio of 32.73, a P/E/G ratio of 1.13 and a beta of 0.87. The company has a quick ratio of 0.73, a current ratio of 1.29 and a debt-to-equity ratio of 0.61.

HNI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Monday, February 26th were given a dividend of $0.32 per share. The ex-dividend date was Friday, February 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 2.90%. HNI’s dividend payout ratio (DPR) is 94.81%.

Insider Buying and Selling

In related news, Director Larry B. Porcellato sold 2,000 shares of the company’s stock in a transaction on 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 directly owns 40,718 shares of the company’s stock, valued at approximately $1,791,592. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other HNI news, EVP Vincent P. Berger sold 9,976 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $43.01, for a total value of $429,067.76. Following 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry B. Porcellato sold 2,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,791,592. The disclosure for this sale can be found here. In the last three months, insiders sold 17,374 shares of company stock valued at $749,534. Company insiders own 3.36% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. USA Financial Formulas purchased a new stake in shares of HNI in the 4th quarter valued at approximately $25,000. FinTrust Capital Advisors LLC bought a new stake in shares of HNI in the fourth quarter valued at approximately $42,000. Allspring Global Investments Holdings LLC acquired a new position in HNI during the 3rd quarter valued at $56,000. Northwest Financial Advisors bought a new stake in HNI in the 4th quarter valued at $134,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of HNI during the first quarter valued at about $202,000. 75.26% of the stock is currently owned by institutional investors.

HNI Company Profile

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.