HNI Corp. (HNI) Scheduled to Post Earnings on Thursday
HNI Corp. (NYSE:HNI) is scheduled to be announcing its Q316 earnings results on Thursday, October 20th. Analysts expect the company to announce earnings of $0.95 per share and revenue of $631.50 million for the quarter. HNI Corp. has set its Q3 guidance at $0.90-0.95 EPS and its FY16 guidance at $2.80-2.95 EPS.
HNI Corp. (NYSE:HNI) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.03. HNI Corp. had a return on equity of 26.76% and a net margin of 5.06%. On average, analysts expect HNI Corp. to post $2.55 EPS for the current fiscal year and $2.95 EPS for the next fiscal year.
HNI Corp. (NYSE:HNI) opened at 37.65 on Wednesday. HNI Corp. has a 1-year low of $29.84 and a 1-year high of $56.96. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 14.98 and a beta of 1.50. The firm has a 50-day moving average price of $45.40 and a 200 day moving average price of $46.53.
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A number of equities analysts have commented on the company. Zacks Investment Research lowered HNI Corp. from a “buy” rating to a “sell” rating in a research note on Wednesday, September 21st. Raymond James Financial Inc. lowered HNI Corp. from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 20th.
In other HNI Corp. news, insider Jerald K. Dittmer sold 8,200 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $55.89, for a total transaction of $458,298.00. Following the completion of the sale, the insider now directly owns 29,619 shares of the company’s stock, valued at approximately $1,655,405.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jerald K. Dittmer sold 1,404 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $53.50, for a total value of $75,114.00. Following the sale, the insider now directly owns 22,823 shares of the company’s stock, valued at $1,221,030.50. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of HNI. KCG Holdings Inc. bought a new stake in shares of HNI Corp. during the second quarter worth approximately $248,000. C M Bidwell & Associates Ltd. bought a new stake in shares of HNI Corp. during the second quarter worth approximately $299,000. Paloma Partners Management Co bought a new stake in shares of HNI Corp. during the second quarter worth approximately $305,000. Stevens Capital Management LP bought a new stake in shares of HNI Corp. during the second quarter worth approximately $343,000. Finally, Profund Advisors LLC raised its stake in shares of HNI Corp. by 11.9% in the second quarter. Profund Advisors LLC now owns 9,837 shares of the company’s stock worth $457,000 after buying an additional 1,046 shares in the last quarter. 67.98% of the stock is owned by hedge funds and other institutional investors.
HNI Corp. Company Profile
HNI Corporation is a provider of office furniture and hearth products. The Company manufactures and markets gas and wood burning fireplaces. It operates through two segments: office furniture and hearth products. Its office furniture segment manufactures and markets a range of metal and wood commercial and home office furniture, which includes storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions, and panel systems and other related products.
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