Q3 2022 EPS Estimates for Hillman Solutions Corp (NASDAQ:HLMN) Cut by William Blair

Hillman Solutions Corp (NASDAQ:HLMNGet Rating) – Analysts at William Blair lowered their Q3 2022 earnings estimates for shares of Hillman Solutions in a research report issued to clients and investors on Wednesday, August 3rd. William Blair analyst R. Merkel now anticipates that the company will earn $0.06 per share for the quarter, down from their previous forecast of $0.10. The consensus estimate for Hillman Solutions’ current full-year earnings is $0.26 per share.

HLMN has been the subject of several other research reports. Barclays reduced 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. Raymond James reduced 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. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $15.21.

Hillman Solutions Stock Down 0.1 %

HLMN opened at $9.25 on Friday. Hillman Solutions has a twelve month low of $8.01 and a twelve month high of $13.46. The company has a quick ratio of 0.57, a current ratio of 2.48 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average price of $9.81 and a 200 day moving average price of $10.24. The company has a market cap of $1.80 billion, a PE ratio of -71.23 and a beta of 1.45.

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

Institutional Trading of Hillman Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in HLMN. Ovata Capital Management Ltd acquired a new stake in shares of Hillman Solutions during the 1st quarter worth approximately $27,000. MBM Wealth Consultants LLC acquired a new stake in shares of Hillman Solutions during the 1st quarter worth approximately $59,000. CWM LLC acquired a new stake in shares of Hillman Solutions during the 4th quarter worth approximately $83,000. Hardy Reed LLC purchased a new position in shares of Hillman Solutions during the 1st quarter worth approximately $84,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Hillman Solutions during the 2nd quarter worth approximately $97,000.

Insider Buying and Selling at Hillman Solutions

In other news, Director Leary Dan O purchased 10,000 shares of the business’s stock in a transaction dated Thursday, May 12th. The stock was acquired at an average price of $10.45 per share, for a total transaction of $104,500.00. Following the acquisition, the director now directly owns 17,207 shares of the company’s stock, valued at $179,813.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.90% of the stock is owned by insiders.

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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Earnings History and Estimates for Hillman Solutions (NASDAQ:HLMN)

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