HNI (HNI) Expected to Announce Quarterly Earnings on Thursday

HNI (NYSE:HNI) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $657.03 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

HNI Trading Down 2.3 %

Shares of HNI stock opened at $48.24 on Thursday. The firm has a market cap of $2.31 billion, a P/E ratio of 18.70, a PEG ratio of 1.13 and a beta of 0.90. HNI has a 1-year low of $40.94 and a 1-year high of $58.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.09 and a quick ratio of 0.68. The firm’s 50-day simple moving average is $50.66 and its 200-day simple moving average is $52.20.

HNI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, February 24th. This represents a $1.32 annualized dividend and a dividend yield of 2.74%. HNI’s payout ratio is currently 51.16%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of HNI from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st.

Insider Transactions at HNI

In related news, Director Larry B. Porcellato sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $56.95, for a total transaction of $113,900.00. Following the completion of the sale, the director now owns 37,880 shares of the company’s stock, valued at approximately $2,157,266. This represents a 5.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.36% of the company’s stock.

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.