Analysts Anticipate HNI Co. (HNI) Will Post Earnings of $0.03 Per Share

Equities analysts expect HNI Co. (NYSE:HNI) to report earnings of $0.03 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for HNI’s earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at $0.02. HNI reported earnings of $0.26 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 88.5%. The firm is scheduled to issue its next earnings results after the market closes on Monday, April 30th.

According to Zacks, analysts expect that HNI will report full year earnings of $2.50 per share for the current year, with EPS estimates ranging from $2.40 to $2.60. For the next fiscal year, analysts anticipate that the business will post earnings of $3.10 per share, with EPS estimates ranging from $2.94 to $3.25. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that cover HNI.

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HNI (NYSE:HNI) last issued its earnings results on Thursday, February 8th. The business services provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.05. The company had revenue of $584.30 million during the quarter, compared to the consensus estimate of $567.83 million. HNI had a net margin of 4.13% and a return on equity of 17.64%. HNI’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS.

Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of HNI from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine downgraded shares of HNI from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Finally, Seaport Global Securities reissued a “neutral” rating on shares of HNI in a report on Monday, February 12th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $42.00.

Shares of HNI stock opened at $36.31 on Monday. The firm has a market capitalization of $1,562.49, a P/E ratio of 18.34 and a beta of 1.36. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 0.47. HNI has a fifty-two week low of $31.16 and a fifty-two week high of $48.32.

In other news, SVP Kurt A. Tjaden sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $38.76, for a total transaction of $775,200.00. Following the sale, the senior vice president now directly owns 49,634 shares in the company, valued at approximately $1,923,813.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Stanley A. Askren sold 25,212 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $38.95, for a total transaction of $982,007.40. The disclosure for this sale can be found here. Insiders have sold a total of 116,305 shares of company stock worth $4,327,567 over the last 90 days. Corporate insiders own 5.16% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB purchased a new stake in shares of HNI during the 4th quarter valued at about $232,000. Crossmark Global Holdings Inc. purchased a new stake in shares of HNI during the 4th quarter valued at about $239,000. Two Sigma Advisers LP purchased a new stake in shares of HNI during the 4th quarter valued at about $257,000. Vident Investment Advisory LLC purchased a new stake in shares of HNI during the 4th quarter valued at about $267,000. Finally, Jane Street Group LLC purchased a new stake in shares of HNI during the 4th quarter valued at about $366,000. Hedge funds and other institutional investors own 72.81% of the company’s stock.

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HNI Company Profile

HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, and Taiwan. The company's Office Furniture segment offers a range of metal and wood commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, HBF, OFM, basyx by HON, Lamex, and HNI India brands.

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