HNI Corp. (HNI) Releases FY13 Earnings Guidance
HNI Corp. (NYSE:HNI) issued an update on its FY13 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.35-1.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.36, Stock Ratings Network reports.
On a related note, analysts at Ned Davis Research upgraded shares of HNI Corp. from a neutral rating to a buy rating in a research note to investors on Monday, September 30th.
HNI Corp. (NYSE:HNI) traded up 1.17% on Wednesday, hitting $36.25. The stock had a trading volume of 78,766 shares. HNI Corp. has a one year low of $25.76 and a one year high of $40.73. The stock has a 50-day moving average of $34.91 and a 200-day moving average of $35.92. The company has a market cap of $1.645 billion and a price-to-earnings ratio of 29.88.
HNI Corp. (NYSE:HNI) last released its earnings data on Thursday, October 17th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.59 by $0.03. The company had revenue of $565.70 million for the quarter, compared to the consensus estimate of $573.28 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts predict that HNI Corp. will post $1.36 earnings per share for the current fiscal year.
HNI Corporation is a provider of office furniture and hearth products. The Company operates in two segments: office furniture and hearth products.
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