Equities analysts expect that HNI Corporation (NYSE:HNI) will post earnings per share (EPS) of $0.81 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for HNI Corporation’s earnings, with the lowest EPS estimate coming in at $0.80 and the highest estimate coming in at $0.81. HNI Corporation posted earnings per share of $0.80 in the same quarter last year, which suggests a positive year over year growth rate of 1.3%. The company is scheduled to issue its next earnings results on Wednesday, October 18th.

On average, analysts expect that HNI Corporation will report full year earnings of $2.45 per share for the current year, with EPS estimates ranging from $2.44 to $2.45. For the next year, analysts expect that the firm will report earnings of $2.96 per share, with EPS estimates ranging from $2.90 to $3.02. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow HNI Corporation.

HNI Corporation (NYSE:HNI) last issued its quarterly earnings results on Monday, July 24th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.01). The business had revenue of $514.50 million for the quarter, compared to the consensus estimate of $516.10 million. HNI Corporation had a net margin of 2.94% and a return on equity of 20.82%. The business’s revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised HNI Corporation from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Raymond James Financial, Inc. raised HNI Corporation from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Wednesday, August 23rd. Citigroup Inc. raised HNI Corporation to an “outperform” rating and set a $42.00 price objective for the company in a research note on Wednesday, August 23rd. UBS AG raised HNI Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 23rd. Finally, BidaskClub lowered HNI Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. HNI Corporation currently has a consensus rating of “Hold” and a consensus price target of $44.50.

Shares of HNI Corporation (NYSE HNI) opened at 37.93 on Friday. HNI Corporation has a 12 month low of $34.60 and a 12 month high of $56.94. The company has a market cap of $1.67 billion, a P/E ratio of 27.25 and a beta of 1.41. The stock’s 50 day moving average price is $36.39 and its 200-day moving average price is $41.63.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Wednesday, August 16th. HNI Corporation’s payout ratio is presently 81.43%.

ILLEGAL ACTIVITY WARNING: “$0.81 EPS Expected for HNI Corporation (HNI) This Quarter” was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/09/16/0-81-eps-expected-for-hni-corporation-hni-this-quarter.html.

In related news, Chairman Stanley A. Askren sold 12,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $36.44, for a total transaction of $437,280.00. Following the completion of the transaction, the chairman now directly owns 216,996 shares of the company’s stock, valued at $7,907,334.24. The sale was disclosed in a filing with the SEC, which is available through this link. 5.16% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in HNI. KCG Holdings Inc. bought a new position in HNI Corporation during the first quarter valued at approximately $205,000. Laurion Capital Management LP bought a new position in HNI Corporation during the first quarter valued at approximately $221,000. Bank of Montreal Can boosted its stake in HNI Corporation by 27.2% during the first quarter. Bank of Montreal Can now owns 4,819 shares of the business services provider’s stock valued at $222,000 after buying an additional 1,030 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in HNI Corporation during the first quarter valued at approximately $284,000. Finally, SG Americas Securities LLC boosted its stake in HNI Corporation by 64.9% during the first quarter. SG Americas Securities LLC now owns 6,846 shares of the business services provider’s stock valued at $316,000 after buying an additional 2,695 shares during the last quarter. 69.64% of the stock is owned by institutional investors.

HNI Corporation Company Profile

HNI Corporation is a provider of office furniture and hearth products. The Company’s office furniture products include panel-based and freestanding furniture systems, seating, storage and tables. The Company’s segments include office furniture and hearth products. The office furniture segment manufactures and markets a line 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.

Get a free copy of the Zacks research report on HNI Corporation (HNI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for HNI Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HNI Corporation and related companies with MarketBeat.com's FREE daily email newsletter.