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

Hillman Solutions Corp (NASDAQ:HLMNGet Rating) – Stock analysts at William Blair decreased their Q3 2022 EPS estimates for Hillman Solutions in a research report issued to clients and investors on Wednesday, August 3rd. William Blair analyst R. Merkel now expects that the company will post earnings of $0.06 per share 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.

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

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

Hillman Solutions Stock Performance

Shares of NASDAQ:HLMN opened at $9.25 on Friday. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -71.23 and a beta of 1.45. Hillman Solutions has a 52 week low of $8.01 and a 52 week 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 firm has a 50 day moving average of $9.81 and a 200 day moving average of $10.24.

Insider Activity at Hillman Solutions

In other Hillman Solutions news, Director Leary Dan O purchased 10,000 shares of the stock in a transaction on Thursday, May 12th. The shares were bought at an average cost of $10.45 per share, with a total value of $104,500.00. Following the completion of the acquisition, the director now owns 17,207 shares in the company, valued at $179,813.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Hillman Solutions

Several hedge funds have recently added to or reduced their stakes in HLMN. Ovata Capital Management Ltd purchased a new stake in Hillman Solutions in the first quarter valued at $27,000. MBM Wealth Consultants LLC purchased a new stake in shares of Hillman Solutions during the 1st quarter worth about $59,000. CWM LLC purchased a new stake in shares of Hillman Solutions during the 4th quarter worth about $83,000. Hardy Reed LLC purchased a new stake in shares of Hillman Solutions during the 1st quarter worth about $84,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Hillman Solutions during the 2nd quarter worth about $97,000.

Hillman Solutions Company Profile

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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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