Wall Street analysts expect HNI Corporation (NYSE:HNI) to post sales of $565.00 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for HNI Corporation’s earnings, with the lowest sales estimate coming in at $559.30 million and the highest estimate coming in at $570.70 million. HNI Corporation reported sales of $581.29 million during the same quarter last year, which indicates a negative year over year growth rate of 2.8%. The firm is scheduled to announce its next earnings results on Wednesday, February 14th.

On average, analysts expect that HNI Corporation will report full year sales of $565.00 million for the current year, with estimates ranging from $2.15 billion to $2.16 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.23 billion per share, with estimates ranging from $2.23 billion to $2.24 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow HNI Corporation.

HNI Corporation (NYSE:HNI) last released its earnings results on Monday, October 23rd. The business services provider reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. The company had revenue of $599.50 million during the quarter, compared to analysts’ expectations of $585.07 million. HNI Corporation had a return on equity of 21.09% and a net margin of 3.08%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS.

A number of research firms have recently commented on HNI. Rowe cut HNI Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 24th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of HNI Corporation in a research report on Tuesday, October 24th. Zacks Investment Research lowered HNI Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. UBS AG raised HNI Corporation from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 23rd. Finally, BidaskClub lowered HNI Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. HNI Corporation has a consensus rating of “Hold” and an average price target of $44.50.

HNI Corporation (NYSE HNI) opened at $33.41 on Tuesday. The company has a market capitalization of $1,450.00, a P/E ratio of 14.38 and a beta of 1.48. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.08 and a quick ratio of 0.74. HNI Corporation has a one year low of $31.16 and a one year high of $56.94.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 20th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.41%. HNI Corporation’s dividend payout ratio (DPR) is currently 76.51%.

In other news, Chairman Stanley A. Askren sold 12,000 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $42.42, for a total value of $509,040.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 36,000 shares of company stock worth $1,399,680. Company insiders own 5.16% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its position in shares of HNI Corporation by 7.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 277,050 shares of the business services provider’s stock valued at $12,770,000 after acquiring an additional 19,771 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of HNI Corporation by 102.7% in the second 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. Dimensional Fund Advisors LP increased its holdings in shares of HNI Corporation by 1.7% in the first 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 last quarter. Vanguard Group Inc. increased its holdings in shares of HNI Corporation by 6.9% in the first 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 last quarter. Finally, Dalton Greiner Hartman Maher & Co. increased its holdings in shares of HNI Corporation by 325.9% in the second 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. Institutional investors and hedge funds own 72.15% of the company’s stock.

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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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Earnings History and Estimates for HNI Corporation (NYSE:HNI)

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