Wall Street brokerages expect HNI Corporation (NYSE:HNI) to announce earnings per share of $0.44 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for HNI’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.43. HNI posted earnings of $0.82 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 46.3%. The firm is scheduled to issue its next earnings report on Wednesday, February 14th.

On average, 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 anticipate that the business will post earnings of $2.49 per share, with EPS estimates ranging from $2.40 to $2.58. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow HNI.

HNI (NYSE:HNI) last posted its quarterly 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. HNI had a net margin of 3.08% and a return on equity of 21.09%. The firm had revenue of $599.50 million for the quarter, compared to analysts’ expectations of $585.07 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis.

A number of equities research analysts have recently commented on the stock. Rowe cut shares of HNI from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 24th. Raymond James Financial reiterated a “market perform” rating on shares of HNI in a report on Tuesday, October 24th. Finally, Zacks Investment Research cut shares of HNI from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $44.50.

HNI (NYSE:HNI) traded down $0.04 during trading hours on Thursday, hitting $38.71. 230,000 shares of the stock were exchanged, compared to its average volume of 232,634. HNI has a 1 year low of $31.16 and a 1 year high of $56.50. The company has a current ratio of 1.08, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1,680.00, a PE ratio of 25.98 and a beta of 1.49.

In related news, CEO Stanley A. Askren sold 3,021 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $35.07, for a total transaction of $105,946.47. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Stanley A. Askren sold 6,099 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $33.79, for a total transaction of $206,085.21. Following the transaction, the chairman now owns 221,575 shares in the company, valued at approximately $7,487,019.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,375 shares of company stock worth $1,336,121. Corporate insiders own 5.16% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. lifted its position in HNI by 271.4% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,600 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 1,900 shares during the period. SG Americas Securities LLC lifted its position in HNI by 102.7% during the second quarter. SG Americas Securities LLC now owns 13,877 shares of the business services provider’s stock valued at $553,000 after purchasing an additional 7,031 shares during the period. New York State Common Retirement Fund lifted its position in HNI by 51.8% during the third quarter. New York State Common Retirement Fund now owns 71,200 shares of the business services provider’s stock valued at $2,953,000 after purchasing an additional 24,300 shares during the period. Rhumbline Advisers lifted its position in HNI by 8.9% during the third quarter. Rhumbline Advisers now owns 95,340 shares of the business services provider’s stock valued at $3,954,000 after purchasing an additional 7,783 shares during the period. Finally, Systematic Financial Management LP lifted its position in HNI by 1.2% during the third quarter. Systematic Financial Management LP now owns 149,799 shares of the business services provider’s stock valued at $6,212,000 after purchasing an additional 1,790 shares during the period. Institutional investors own 70.81% of the company’s stock.

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About HNI

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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