Hillenbrand Coverage Initiated at CL King (HI)
Stock analysts at CL King initiated coverage on shares of Hillenbrand (NYSE:HI) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “strong-buy” rating on the stock.
Separately, analysts at Davenport initiated coverage on shares of Hillenbrand (NYSE:HI) in a research note to investors on Thursday, August 22nd. They set a “buy” rating on the stock.
Hillenbrand (NYSE:HI) opened at 26.36 on Tuesday. Hillenbrand has a 52-week low of $18.02 and a 52-week high of $25.97. The stock has a 50-day moving average of $24.76 and a 200-day moving average of $24.48. The company has a market cap of $1.656 billion and a price-to-earnings ratio of 24.87.
Hillenbrand (NYSE:HI) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.03. The company had revenue of $409.00 million for the quarter, compared to the consensus estimate of $423.80 million. During the same quarter last year, the company posted $0.37 earnings per share. Hillenbrand’s revenue was up 71.8% compared to the same quarter last year. On average, analysts predict that Hillenbrand will post $1.90 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.20 per share. This represents a $0.78 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Thursday, September 12th.
Hillenbrand, Inc (NYSE:HI) is a global industrial company, which makes and sells premium business-to-business products and services for a range of industries.
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