Research Analysts Set Expectations for Hillman Solutions Corp’s Q3 2022 Earnings (NASDAQ:HLMN)

Hillman Solutions Corp (NASDAQ:HLMN – Get Rating) – Research analysts at William Blair dropped their Q3 2022 earnings estimates for shares of Hillman Solutions in a report issued on Wednesday, August 3rd. William Blair analyst R. Merkel now anticipates that the company will post earnings per share of $0.06 for the quarter, down from their prior forecast of $0.10. The consensus estimate for Hillman Solutions’ current full-year earnings is $0.26 per share.

Several other equities analysts have also recently commented on HLMN. Raymond James decreased their price target on shares of Hillman Solutions from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday. Barclays decreased their price target on shares of Hillman Solutions from $15.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, July 14th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $15.21.

Hillman Solutions Stock Performance

NASDAQ:HLMN opened at $9.25 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.57 and a current ratio of 2.48. The stock has a market capitalization of $1.80 billion, a P/E ratio of -71.23 and a beta of 1.45. The company has a 50 day moving average price of $9.81 and a 200 day moving average price of $10.24. Hillman Solutions has a fifty-two week low of $8.01 and a fifty-two week high of $13.46.

Hillman Solutions (NASDAQ:HLMN – Get Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $394.11 million during the quarter, compared to analysts’ expectations of $404.85 million. Hillman Solutions had a negative net margin of 1.30% and a positive return on equity of 5.63%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.03) EPS.

Insider Transactions at Hillman Solutions

In other news, Director Leary Dan O acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, May 12th. The stock was acquired at an average cost of $10.45 per share, with a total value of $104,500.00. Following the transaction, the director now owns 17,207 shares in the company, valued at $179,813.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Hillman Solutions

Institutional investors have recently modified their holdings of the company. Ovata Capital Management Ltd acquired a new stake in Hillman Solutions during the 1st quarter worth $27,000. MBM Wealth Consultants LLC acquired a new stake in Hillman Solutions during the 1st quarter worth $59,000. Hardy Reed LLC acquired a new stake in Hillman Solutions during the 1st quarter worth $84,000. CWM LLC acquired a new stake in Hillman Solutions during the 4th quarter worth $83,000. Finally, CIBC Asset Management Inc acquired a new stake in Hillman Solutions during the 4th quarter worth $112,000.

About Hillman Solutions

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Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.

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