$0.44 EPS Expected for HNI Corporation (HNI) This Quarter

Analysts expect HNI Corporation (NYSE:HNI) to post $0.44 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for HNI’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.43. HNI posted earnings per share of $0.82 during the same quarter last year, which would indicate a negative year-over-year growth rate of 46.3%. The company is scheduled to announce its next earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that HNI will report full-year earnings of $1.94 per share for the current fiscal year, with EPS estimates ranging from $1.93 to $1.94. For the next financial year, analysts forecast that the firm will report earnings of $2.49 per share, with EPS estimates ranging from $2.40 to $2.58. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover HNI.

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

A number of research analysts have recently issued reports on the stock. BidaskClub downgraded shares of HNI from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of HNI from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. Rowe downgraded shares of HNI from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 24th. Raymond James Financial upgraded shares of HNI from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research report on Wednesday, August 23rd. Finally, UBS raised shares of HNI from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. HNI has an average rating of “Hold” and a consensus target price of $44.50.

HNI (NYSE:HNI) traded down $0.29 during trading on Friday, hitting $35.00. 193,400 shares of the stock were exchanged, compared to its average volume of 228,672. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.08. HNI has a one year low of $31.16 and a one year high of $56.94. The company has a market cap of $1,490.00, a P/E ratio of 14.75 and a beta of 1.48.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 20th will be issued a $0.285 dividend. The ex-dividend date is Friday, November 17th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.26%. HNI’s dividend payout ratio (DPR) is presently 76.51%.

In related news, Chairman Stanley A. Askren sold 12,000 shares of the stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $42.42, for a total value of $509,040.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 5.16% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its stake in HNI by 102.7% during the 2nd quarter. SG Americas Securities LLC now owns 13,877 shares of the business services provider’s stock valued at $553,000 after buying an additional 7,031 shares during the period. Frontier Capital Management Co. LLC increased its stake in HNI by 2.2% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,048,786 shares of the business services provider’s stock valued at $43,493,000 after buying an additional 22,330 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in HNI by 271.4% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,600 shares of the business services provider’s stock valued at $108,000 after buying an additional 1,900 shares during the period. Systematic Financial Management LP increased its stake in HNI by 1.2% during the 3rd quarter. Systematic Financial Management LP now owns 149,799 shares of the business services provider’s stock valued at $6,212,000 after buying an additional 1,790 shares during the period. Finally, KCG Holdings Inc. acquired a new position in HNI during the 1st quarter valued at about $205,000. 70.83% of the stock is currently owned by hedge funds and other institutional investors.

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HNI 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 (NYSE:HNI)

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