Brokers Set Expectations for Hillenbrand, Inc.’s FY2024 Earnings (NYSE:HI)

Hillenbrand, Inc. (NYSE:HI) – Analysts at DA Davidson decreased their FY2024 earnings estimates for shares of Hillenbrand in a report issued on Thursday, May 2nd. DA Davidson analyst M. Summerville now expects that the company will earn $3.35 per share for the year, down from their previous estimate of $3.65. The consensus estimate for Hillenbrand’s current full-year earnings is $3.40 per share. DA Davidson also issued estimates for Hillenbrand’s FY2025 earnings at $4.00 EPS.

Hillenbrand Stock Up 1.3 %

Shares of NYSE HI opened at $42.43 on Friday. The business has a 50-day moving average price of $47.92 and a 200 day moving average price of $44.78. The stock has a market cap of $2.98 billion, a PE ratio of 35.07 and a beta of 1.49. The company has a quick ratio of 0.79, a current ratio of 1.34 and a debt-to-equity ratio of 1.24. Hillenbrand has a 52-week low of $37.19 and a 52-week high of $53.76.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.01. The company had revenue of $785.30 million during the quarter, compared to the consensus estimate of $801.55 million. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. Hillenbrand’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share.

Hillenbrand Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.222 dividend. This represents a $0.89 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Thursday, March 14th. Hillenbrand’s payout ratio is currently 73.55%.

Insider Transactions at Hillenbrand

In other Hillenbrand news, CEO Kimberly K. Ryan acquired 5,600 shares of the stock in a transaction on Friday, February 9th. The shares were bought at an average cost of $44.94 per share, with a total value of $251,664.00. Following the transaction, the chief executive officer now owns 133,604 shares of the company’s stock, valued at approximately $6,004,163.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Robert M. Vanhimbergen bought 11,319 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $45.23 per share, with a total value of $511,958.37. Following the completion of the acquisition, the chief financial officer now owns 34,559 shares in the company, valued at approximately $1,563,103.57. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Kimberly K. Ryan purchased 5,600 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $44.94 per share, with a total value of $251,664.00. Following the completion of the acquisition, the chief executive officer now owns 133,604 shares of the company’s stock, valued at $6,004,163.76. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Financial Counselors Inc. boosted its stake in shares of Hillenbrand by 12.2% in the first quarter. Financial Counselors Inc. now owns 244,074 shares of the company’s stock valued at $12,274,000 after buying an additional 26,574 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Hillenbrand by 4.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 14,049 shares of the company’s stock worth $707,000 after purchasing an additional 535 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Hillenbrand by 16.1% during the 1st quarter. BNP Paribas Financial Markets now owns 63,621 shares of the company’s stock worth $3,200,000 after purchasing an additional 8,799 shares during the period. Blue Trust Inc. increased its holdings in shares of Hillenbrand by 19.0% in the 1st quarter. Blue Trust Inc. now owns 159,628 shares of the company’s stock valued at $8,028,000 after purchasing an additional 25,506 shares in the last quarter. Finally, Greenleaf Trust purchased a new position in shares of Hillenbrand in the 1st quarter valued at about $200,000. 89.09% of the stock is owned by hedge funds and other institutional investors.

Hillenbrand Company Profile

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.