HNI Corp Lowered to Market Perform at Raymond James (HNI)
Shares of HNI Corp (NYSE:HNI) opened at 38.34 on Monday. HNI Corp has a 52 week low of $31.00 and a 52 week high of $40.43. The stock has a 50-day moving average of $37.11 and a 200-day moving average of $36.31. The company has a market cap of $1.723 billion and a price-to-earnings ratio of 24.49.
HNI Corp (NYSE:HNI) last announced its earnings results on Wednesday, July 16th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.03. The company had revenue of $509.10 million for the quarter, compared to the consensus estimate of $352.10 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. Analysts expect that HNI Corp will post $1.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Wednesday, August 13th.
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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