HNI Corp (HNI) to Release Earnings on Wednesday
HNI Corp (NYSE:HNI) is set to post its Q214 quarterly earnings results on Wednesday, July 16th. Analysts expect HNI Corp to post earnings of $0.36 per share and revenue of $352.10 million for the quarter. HNI Corp has set its Q2 guidance at $0.32-0.37 EPS.Investors that wish to listen to the company’s conference call can do so using this link.
HNI Corp (NYSE:HNI) last announced its earnings results on Wednesday, April 16th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.02. The company had revenue of $452.20 million for the quarter, compared to the consensus estimate of $457.30 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts expect HNI Corp to post $1.82 EPS for the current fiscal year and $2.24 EPS for the next fiscal year.
HNI Corp (NYSE:HNI) opened at 38.00 on Tuesday. HNI Corp has a 1-year low of $31.00 and a 1-year high of $40.43. The stock’s 50-day moving average is $38.13 and its 200-day moving average is $36.36. The company has a market cap of $1.714 billion and a price-to-earnings ratio of 23.51.
A number of research firms have recently commented on HNI. Analysts at Zacks downgraded shares of HNI Corp from an “outperform” rating to a “neutral” rating in a research note on Monday, June 23rd. They now have a $41.60 price target on the stock. On a related note, analysts at Raymond James reiterated an “outperform” rating on shares of HNI Corp in a research note on Friday, May 9th. They now have a $38.00 price target on the stock, up previously from $36.00.
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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