HNI (HNI) Scheduled to Post Earnings on Monday

HNI (NYSE:HNI) will release its earnings data before the market opens on Monday, April 29th. Analysts expect HNI to post earnings of $0.18 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

HNI (NYSE:HNI) last released its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.18. HNI had a net margin of 2.03% and a return on equity of 16.97%. The firm had revenue of $679.80 million during the quarter, compared to analysts’ expectations of $686.15 million. During the same period in the previous year, the business posted $0.63 earnings per share. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, analysts expect HNI to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

HNI Trading Up 2.1 %

HNI stock opened at $42.14 on Monday. The company has a fifty day moving average price of $43.33 and a two-hundred day moving average price of $40.68. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 41.31, a price-to-earnings-growth ratio of 1.20 and a beta of 0.86. HNI has a one year low of $24.81 and a one year high of $45.47. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.16 and a quick ratio of 0.73.

HNI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Monday, February 26th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.04%. HNI’s payout ratio is presently 125.49%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of HNI from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 8th.

Insider Buying and Selling

In related news, EVP Vincent P. Berger sold 9,976 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $43.01, for a total transaction of $429,067.76. Following the completion of the sale, the executive vice president now owns 67,025 shares of the company’s stock, valued at $2,882,745.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Vincent P. Berger sold 9,976 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $43.01, for a total transaction of $429,067.76. Following the completion of the sale, the executive vice president now owns 67,025 shares of the company’s stock, valued at $2,882,745.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary A. Bell sold 2,898 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $43.13, for a total value of $124,990.74. Following the transaction, the director now directly owns 76,183 shares of the company’s stock, valued at approximately $3,285,772.79. The disclosure for this sale can be found here. Insiders sold 17,374 shares of company stock valued at $749,534 over the last quarter. 3.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Barclays PLC increased its stake in shares of HNI by 130.5% in the fourth quarter. Barclays PLC now owns 85,525 shares of the business services provider’s stock valued at $3,577,000 after buying an additional 48,416 shares during the period. Voloridge Investment Management LLC acquired a new position in shares of HNI in the fourth quarter valued at approximately $425,000. Nuveen Asset Management LLC increased its stake in shares of HNI by 51.1% in the fourth quarter. Nuveen Asset Management LLC now owns 286,382 shares of the business services provider’s stock valued at $11,979,000 after buying an additional 96,817 shares during the period. Public Sector Pension Investment Board increased its stake in shares of HNI by 68.0% in the fourth quarter. Public Sector Pension Investment Board now owns 96,665 shares of the business services provider’s stock valued at $4,043,000 after buying an additional 39,131 shares during the period. Finally, Royal Bank of Canada increased its position in HNI by 46.6% during the 4th quarter. Royal Bank of Canada now owns 16,250 shares of the business services provider’s stock valued at $680,000 after purchasing an additional 5,165 shares during the period. Institutional investors and hedge funds own 75.26% of the company’s stock.

HNI Company Profile

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands.