HNI (HNI) Given Daily News Sentiment Score of 0.19

News headlines about HNI (NYSE:HNI) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HNI earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 45.4803135187553 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

HNI (NYSE:HNI) traded up $0.38 during mid-day trading on Friday, reaching $38.57. The company had a trading volume of 246,068 shares, compared to its average volume of 244,231. The company has a market cap of $1,658.48, a price-to-earnings ratio of 25.71 and a beta of 1.50. HNI has a one year low of $31.16 and a one year high of $56.94. The company has a current ratio of 1.08, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59.

HNI (NYSE:HNI) last posted its earnings results on Monday, October 23rd. The business services provider reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. The business had revenue of $599.50 million during the quarter, compared to analyst estimates of $585.07 million. HNI had a return on equity of 21.09% and a net margin of 3.08%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 EPS. equities research analysts predict that HNI will post 1.94 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 20th were paid a $0.285 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.96%. HNI’s dividend payout ratio (DPR) is currently 76.00%.

Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded HNI from a “sell” rating to a “hold” rating in a report on Monday, September 11th. Rowe cut HNI from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 24th. Finally, Raymond James Financial reissued a “market perform” rating on shares of HNI in a research report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $44.50.

In related news, Chairman Stanley A. Askren sold 6,111 shares of HNI stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $33.66, for a total transaction of $205,696.26. Following the transaction, the chairman now directly owns 214,750 shares in the company, valued at $7,228,485. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Stanley A. Askren sold 6,099 shares of HNI stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $33.79, for a total value of $206,085.21. Following the transaction, the chairman now owns 221,575 shares in the company, valued at $7,487,019.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,375 shares of company stock worth $1,336,121. Company insiders own 5.16% of the company’s stock.

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HNI Company Profile

HNI Corporation is a provider of office furniture and hearth products. The Company’s office furniture products include panel-based and freestanding furniture systems, seating, storage and tables. The Company’s segments include office furniture and hearth products. The office furniture segment manufactures and markets a line of metal and wood commercial and home office furniture, which includes storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions, and panel systems and other related products.

Insider Buying and Selling by Quarter for HNI (NYSE:HNI)

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