Sidoti Issues Pessimistic Estimate for HNI Earnings

HNI Corporation (NYSE:HNI) – Sidoti cut their Q3 2026 earnings per share estimates for HNI in a report issued on Thursday, February 26th. Sidoti analyst G. Burns now anticipates that the business services provider will earn $1.43 per share for the quarter, down from their previous forecast of $1.49. The consensus estimate for HNI’s current full-year earnings is $3.60 per share. Sidoti also issued estimates for HNI’s Q4 2026 earnings at $1.23 EPS, FY2026 earnings at $4.06 EPS, Q2 2027 earnings at $1.14 EPS, Q3 2027 earnings at $1.63 EPS, Q4 2027 earnings at $1.41 EPS and FY2027 earnings at $4.94 EPS.

A number of other analysts have also weighed in on HNI. Weiss Ratings upgraded shares of HNI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 3rd. Benchmark reaffirmed a “buy” rating on shares of HNI in a research report on Friday, January 16th. Finally, Wall Street Zen lowered HNI from a “buy” rating to a “hold” rating in a research report on Saturday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, HNI presently has an average rating of “Moderate Buy” and an average price target of $75.00.

HNI Stock Performance

NYSE HNI opened at $45.00 on Friday. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 36.00, a PEG ratio of 0.54 and a beta of 0.94. HNI has a 12-month low of $38.03 and a 12-month high of $53.29. The company has a 50-day simple moving average of $46.70 and a two-hundred day simple moving average of $44.50. The company has a quick ratio of 0.85, a current ratio of 1.24 and a debt-to-equity ratio of 0.70.

HNI (NYSE:HNI) last released its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.08). HNI had a net margin of 1.91% and a return on equity of 15.80%. The firm had revenue of $888.40 million for the quarter, compared to analysts’ expectations of $693.78 million. During the same quarter last year, the firm earned $0.87 earnings per share. The firm’s revenue for the quarter was up 38.3% on a year-over-year basis.

HNI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Monday, March 2nd will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, March 2nd. HNI’s payout ratio is presently 108.80%.

Institutional Investors Weigh In On HNI

Several large investors have recently made changes to their positions in the company. Entropy Technologies LP raised its position in shares of HNI by 10.5% during the 4th quarter. Entropy Technologies LP now owns 15,935 shares of the business services provider’s stock valued at $670,000 after buying an additional 1,508 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in HNI by 31.7% during the 4th quarter. New York State Common Retirement Fund now owns 21,301 shares of the business services provider’s stock valued at $895,000 after buying an additional 5,125 shares in the last quarter. Cooke & Bieler LP grew its stake in HNI by 23.0% in the fourth quarter. Cooke & Bieler LP now owns 754,493 shares of the business services provider’s stock worth $31,719,000 after purchasing an additional 140,971 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of HNI by 53.0% during the 4th quarter. Handelsbanken Fonder AB now owns 16,716 shares of the business services provider’s stock worth $703,000 after buying an additional 5,790 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in HNI by 167.4% in the fourth quarter. SG Americas Securities LLC now owns 42,621 shares of the business services provider’s stock worth $1,792,000 after acquiring an additional 26,683 shares during the period. 75.26% of the stock is owned by institutional investors.

HNI News Summary

Here are the key news stories impacting HNI this week:

• Positive Sentiment: Analyst upgrade and bullish coverage — Zacks upgraded HNI to a Zacks Rank #2 (Buy), and published a separate bullish piece highlighting three growth drivers that could produce above‑average returns, which may support buying interest. All You Need to Know About HNI (HNI) Rating Upgrade to Buy
• Positive Sentiment: Longer‑term estimate revisions stack up — Sidoti raised several FY2026 and FY2027 estimates (FY2026 to ~$4.06 and FY2027 to ~$4.94 EPS) and bumped some quarterly forecasts, implying stronger mid‑cycle earnings power if guidance and synergies are realized.
• Neutral Sentiment: Mixed near‑term estimates from Sidoti — while Sidoti boosted some quarters, they also trimmed estimates for other quarters (e.g., cuts to certain Q3 estimates), producing a mixed short‑term outlook that tempers conviction on the near‑term stock move.
• Neutral Sentiment: Earnings call highlights growth and synergies — management emphasized growth and cost synergies tied to the Steelcase acquisition and a $120M synergy target that supports multi‑year EPS acceleration; investors will be watching execution. HNI Corp Earnings Call Highlights Growth And Synergies
• Negative Sentiment: EPS miss and market reaction — Q4 EPS came in at $0.83 vs. consensus $0.91 despite revenue of $888.4M (a large beat); the EPS shortfall and slim net margin drove a sharp near‑term selloff. HNI signals fifth year of double‑digit EPS growth with $120M synergy target following Steelcase acquisition
• Negative Sentiment: Headline selloff coverage — commentary highlighting the drop (~9.6% on the day of the release) has amplified downside momentum and volatility as investors digest the mixed message of revenue strength versus earnings softness. Why HNI Corporation’s (HNI) Stock Is Down 9.59%

About HNI

HNI Corporation, founded in 1944 as the Heating & Novelty Company and headquartered in Muscatine, Iowa, is a leading manufacturer of office furniture and hearth products. Over its history, the company has evolved from producing gas heaters into two primary business segments: Office Furniture and Hearth & Home. HNI’s Office Furniture division operates under well-known brands such as The HON Company, Allsteel, Gunlocke and Kimball, offering a comprehensive portfolio of workstations, seating, tables, storage solutions and acoustic products tailored for corporate, education, healthcare and government markets.

In its Hearth & Home segment, HNI designs, manufactures and distributes fireplaces, stoves, fireplace inserts, logs and related accessories.