Equities analysts expect HNI Corporation (NYSE:HNI) to post $0.81 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided 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 of $0.80 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 1.3%. The business is expected to announce its next quarterly earnings results after the market closes on Monday, October 23rd.

According to Zacks, 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 post earnings of $2.96 per share, with EPS estimates ranging from $2.90 to $3.02. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for HNI Corporation.

HNI Corporation (NYSE:HNI) last announced its earnings results on Monday, October 23rd. The business services provider reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.02. The company had revenue of $599.50 million during the quarter, compared to analyst estimates of $585.07 million. HNI Corporation had a net margin of 2.94% and a return on equity of 20.82%. HNI Corporation’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 earnings per share.

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

In other news, Chairman Stanley A. Askren sold 12,000 shares of the business’s stock in a transaction dated 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 sale, the chairman now owns 216,996 shares in the company, valued at approximately $7,907,334.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 36,000 shares of company stock valued at $1,399,680 in the last quarter. Company insiders own 5.16% of the company’s stock.

Large investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its holdings in shares of HNI Corporation by 7.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 277,050 shares of the business services provider’s stock worth $12,770,000 after purchasing an additional 19,771 shares during the period. SG Americas Securities LLC grew its holdings in shares of 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 period. Dimensional Fund Advisors LP grew its holdings in shares of HNI Corporation by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,059,270 shares of the business services provider’s stock worth $48,820,000 after purchasing an additional 17,867 shares during the period. Vanguard Group Inc. grew its holdings in shares of HNI Corporation by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 3,870,218 shares of the business services provider’s stock worth $178,379,000 after purchasing an additional 251,212 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of HNI Corporation during the 1st quarter worth about $284,000. Institutional investors and hedge funds own 68.99% of the company’s stock.

Shares of HNI Corporation (NYSE HNI) traded down 1.33% on Monday, reaching $42.29. 282,630 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $39.92 and its 200-day moving average price is $40.75. HNI Corporation has a 52 week low of $34.60 and a 52 week high of $56.94. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 30.38 and a beta of 1.46.

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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.

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