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. Persons interested in listening to the company’s earnings conference call can do so using this link.

HNI (NYSE:HNI) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.80 by $0.18. HNI had a net margin of 2.03% and a return on equity of 16.97%. The business had revenue of $679.80 million for the quarter, compared to analysts’ expectations of $686.15 million. During the same quarter last year, the company posted $0.63 earnings per share. The company’s quarterly revenue 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 Stock Performance

Shares of HNI stock opened at $42.49 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.73 and a current ratio of 1.16. HNI has a one year low of $24.81 and a one year high of $45.47. The company’s 50-day simple moving average is $43.33 and its 200-day simple moving average is $40.82. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 41.98, a PEG ratio of 1.22 and a beta of 0.86.

HNI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Monday, February 26th were given a dividend of $0.32 per share. The ex-dividend date was Friday, February 23rd. This represents a $1.28 annualized dividend and a dividend yield of 3.01%. HNI’s payout ratio is 125.49%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

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

About HNI

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.