Hillman Solutions (HLMN) to Release Quarterly Earnings on Tuesday

Hillman Solutions (NASDAQ:HLMN) is set to post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Hillman Solutions to post earnings of $0.08 per share for the quarter. Hillman Solutions has set its FY 2024 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $347.81 million during the quarter, compared to analyst estimates of $344.98 million. Hillman Solutions had a negative net margin of 0.65% and a positive return on equity of 6.88%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 earnings per share. On average, analysts expect Hillman Solutions to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hillman Solutions Trading Up 0.9 %

Shares of HLMN opened at $9.83 on Tuesday. Hillman Solutions has a fifty-two week low of $6.02 and a fifty-two week high of $10.85. The stock has a fifty day moving average of $9.86 and a two-hundred day moving average of $8.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 2.46. The company has a market capitalization of $1.92 billion, a PE ratio of -196.56 and a beta of 1.72.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Barclays increased their target price on Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. Canaccord Genuity Group raised their price objective on Hillman Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $16.00 target price (up previously from $14.00) on shares of Hillman Solutions in a report on Monday, April 1st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Hillman Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.63.

Insider Activity at Hillman Solutions

In other Hillman Solutions news, EVP Gary Seeds sold 163,975 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $9.53, for a total transaction of $1,562,681.75. Following the transaction, the executive vice president now owns 294,722 shares in the company, valued at $2,808,700.66. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Gary Seeds sold 163,975 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $9.53, for a total transaction of $1,562,681.75. Following the transaction, the executive vice president now directly owns 294,722 shares of the company’s stock, valued at $2,808,700.66. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John W. Swygert sold 7,207 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $9.74, for a total transaction of $70,196.18. Following the sale, the director now directly owns 24,999 shares of the company’s stock, valued at $243,490.26. The disclosure for this sale can be found here. In the last three months, insiders sold 618,658 shares of company stock worth $5,958,077. Corporate insiders own 4.10% of the company’s stock.

Hillman Solutions Company Profile

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.