Equities analysts expect HNI Corporation (NYSE:HNI) to announce $0.81 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for HNI Corporation’s earnings. The lowest EPS estimate is $0.80 and the highest is $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 firm is expected to issue its next earnings results after the market closes on Monday, October 23rd.

On average, analysts expect that HNI Corporation will report full year earnings of $2.45 per share for the current financial 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 Investment Research’s earnings per share calculations are an average based on a survey of analysts 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 analysts’ expectations of $516.10 million. HNI Corporation had a return on equity of 20.82% and a net margin of 2.94%. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the company earned $0.68 earnings per share.

Several brokerages recently commented on HNI. Zacks Investment Research upgraded HNI Corporation from a “sell” rating to a “hold” rating in a report on Monday, September 11th. UBS AG upgraded HNI Corporation from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 23rd. BidaskClub downgraded HNI Corporation from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. Citigroup Inc. upgraded HNI Corporation to an “outperform” rating and set a $42.00 price objective on the stock in a report on Wednesday, August 23rd. Finally, Raymond James Financial, Inc. upgraded HNI Corporation from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $44.50.

In other HNI Corporation news, Chairman Stanley A. Askren sold 12,000 shares of HNI Corporation stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $37.78, for a total transaction of $453,360.00. Following the sale, the chairman now directly owns 216,996 shares in the company, valued at approximately $8,198,108.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.16% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC increased its holdings in HNI Corporation by 102.7% during the 2nd quarter. SG Americas Securities LLC now owns 13,877 shares of the business services provider’s stock worth $553,000 after purchasing an additional 7,031 shares during the last quarter. Dalton Greiner Hartman Maher & Co. increased its holdings in HNI Corporation by 325.9% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 421,823 shares of the business services provider’s stock worth $16,818,000 after purchasing an additional 322,791 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in HNI Corporation during the 1st quarter worth approximately $284,000. Paloma Partners Management Co purchased a new stake in HNI Corporation during the 1st quarter worth approximately $931,000. Finally, AQR Capital Management LLC increased its holdings in HNI Corporation by 320.7% during the 1st quarter. AQR Capital Management LLC now owns 196,911 shares of the business services provider’s stock worth $9,076,000 after purchasing an additional 150,104 shares during the last quarter. Institutional investors own 68.99% of the company’s stock.

HNI Corporation (NYSE HNI) traded down 0.31% during mid-day trading on Wednesday, hitting $42.00. 121,634 shares of the company were exchanged. The firm has a 50 day moving average price of $37.73 and a 200 day moving average price of $40.99. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 30.17 and a beta of 1.46. HNI Corporation has a 12 month low of $34.60 and a 12 month high of $56.94.

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About HNI Corporation

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.

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