Sidoti Csr Comments on HNI’s Q4 Earnings (NYSE:HNI)

HNI Co. (NYSE:HNI) – Investment analysts at Sidoti Csr dropped their Q4 2024 EPS estimates for HNI in a report released on Wednesday, October 30th. Sidoti Csr analyst G. Burns now expects that the business services provider will earn $0.73 per share for the quarter, down from their prior estimate of $1.04. The consensus estimate for HNI’s current full-year earnings is $2.93 per share.

HNI (NYSE:HNI) last issued its earnings results on Tuesday, October 29th. The business services provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. HNI had a net margin of 4.83% and a return on equity of 19.29%. The firm had revenue of $672.20 million during the quarter, compared to analyst estimates of $712.75 million. During the same quarter in the prior year, the business earned $0.93 earnings per share. HNI’s revenue for the quarter was down 5.5% on a year-over-year basis.

A number of other equities analysts have also weighed in on the stock. Benchmark upped their target price on shares of HNI from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. StockNews.com upgraded shares of HNI from a “buy” rating to a “strong-buy” rating in a research report on Thursday.

HNI Price Performance

Shares of NYSE:HNI opened at $49.71 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.09. The firm has a fifty day moving average price of $52.50 and a 200 day moving average price of $48.58. HNI has a fifty-two week low of $36.72 and a fifty-two week high of $56.13. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 19.27, a P/E/G ratio of 1.41 and a beta of 0.84.

Institutional Investors Weigh In On HNI

Hedge funds and other institutional investors have recently made changes to their positions in the company. Eastern Bank purchased a new stake in shares of HNI in the third quarter valued at $27,000. Quest Partners LLC purchased a new stake in shares of HNI in the second quarter valued at $29,000. GAMMA Investing LLC increased its stake in HNI by 51.6% in the 3rd quarter. GAMMA Investing LLC now owns 670 shares of the business services provider’s stock worth $36,000 after buying an additional 228 shares during the period. Farther Finance Advisors LLC increased its stake in HNI by 4,746.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,181 shares of the business services provider’s stock worth $117,000 after buying an additional 2,136 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new position in HNI in the 1st quarter worth about $202,000. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Insider Buying and Selling at HNI

In other HNI news, insider Brian Scott Smith sold 2,284 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $54.00, for a total transaction of $123,336.00. Following the completion of the transaction, the insider now owns 11,902 shares in the company, valued at $642,708. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Jeffrey D. Lorenger sold 72,102 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $49.32, for a total value of $3,556,070.64. Following the sale, the chief executive officer now owns 296,892 shares of the company’s stock, valued at approximately $14,642,713.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian Scott Smith sold 2,284 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $54.00, for a total transaction of $123,336.00. Following the completion of the sale, the insider now directly owns 11,902 shares in the company, valued at approximately $642,708. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,582 shares of company stock worth $5,597,281 over the last 90 days. 3.36% of the stock is owned by insiders.

HNI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Friday, August 23rd were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.32 annualized dividend and a yield of 2.66%. HNI’s dividend payout ratio (DPR) is currently 51.16%.

HNI Company Profile

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.