Hillenbrand, Inc. (HI) Releases FY14 Earnings Guidance
Hillenbrand, Inc. (NYSE:HI) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.00-2.10 for the period, compared to the Thomson Reuters consensus estimate of $2.06, AnalystRatings.NET reports. The company issued revenue guidance of approx $1.7 billion, compared to the consensus revenue estimate of $1.70 billion.
Several analysts have recently commented on the stock. Analysts at Bank of America downgraded shares of Hillenbrand from a buy rating to a neutral rating in a research note on Thursday, May 15th. They now have a $106.00 price target on the stock. They noted that the move was a valuation call. Analysts at Ned Davis Research upgraded shares of Hillenbrand from a neutral rating to a buy rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $106.00.
Shares of Hillenbrand, Inc. (NYSE:HI) traded up 0.07% on Wednesday, hitting $29.76. The stock had a trading volume of 185,410 shares. Hillenbrand, Inc. has a 52-week low of $23.79 and a 52-week high of $33.28. The stock has a 50-day moving average of $31.54 and a 200-day moving average of $30.56. The company has a market cap of $1.869 billion and a P/E ratio of 21.08.
Hillenbrand (NYSE:HI) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.01. The company had revenue of $416.80 million for the quarter, compared to the consensus estimate of $261.66 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts predict that Hillenbrand, Inc. will post $2.06 earnings per share for the current fiscal year.
Hillenbrand, Inc (NYSE:HI) is a global diversified industrial company that makes and sells business-to-business products and services for a wide variety of industries.
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