Hillenbrand (NYSE:HI) Updates FY24 Earnings Guidance

Hillenbrand (NYSE:HI) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.60-3.95 for the period, compared to the consensus estimate of $3.87. The company issued revenue guidance of $3.28-3.44 billion, compared to the consensus revenue estimate of $3.08 billion. Hillenbrand also updated its Q1 guidance to $0.66-0.71 EPS.

Hillenbrand Price Performance

Hillenbrand stock opened at $41.80 on Thursday. The stock has a market capitalization of $2.92 billion, a P/E ratio of 4.82 and a beta of 1.51. The company’s fifty day moving average price is $41.10 and its 200 day moving average price is $46.42. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.86 and a current ratio of 1.34. Hillenbrand has a 1 year low of $37.19 and a 1 year high of $53.76.

Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, November 15th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.06. Hillenbrand had a net margin of 21.62% and a return on equity of 17.04%. The business had revenue of $762.80 million for the quarter, compared to analyst estimates of $742.11 million. During the same quarter last year, the business earned $1.05 earnings per share. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Hillenbrand will post 3.45 earnings per share for the current fiscal year.

Hillenbrand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.22 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.11%. Hillenbrand’s payout ratio is currently 10.14%.

Analyst Ratings Changes

Separately, StockNews.com cut Hillenbrand from a buy rating to a hold rating in a research report on Thursday, October 19th.

Institutional Trading of Hillenbrand

Large investors have recently bought and sold shares of the business. Cetera Advisor Networks LLC boosted its stake in Hillenbrand by 96.9% during the first quarter. Cetera Advisor Networks LLC now owns 8,679 shares of the company’s stock worth $383,000 after buying an additional 4,272 shares during the last quarter. Citigroup Inc. boosted its position in shares of Hillenbrand by 4.7% during the 1st quarter. Citigroup Inc. now owns 70,026 shares of the company’s stock valued at $3,093,000 after acquiring an additional 3,131 shares during the last quarter. Natixis Advisors L.P. grew its holdings in shares of Hillenbrand by 3.1% in the first quarter. Natixis Advisors L.P. now owns 11,557 shares of the company’s stock valued at $510,000 after purchasing an additional 346 shares during the period. MetLife Investment Management LLC increased its position in Hillenbrand by 54.0% during the first quarter. MetLife Investment Management LLC now owns 38,584 shares of the company’s stock worth $1,704,000 after purchasing an additional 13,527 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Hillenbrand by 3.7% during the first quarter. Rhumbline Advisers now owns 193,580 shares of the company’s stock worth $8,550,000 after purchasing an additional 6,834 shares during the period. Hedge funds and other institutional investors own 89.12% of the company’s stock.

About Hillenbrand

Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. 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, as well as offers equipment system design services; 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.