$364.50 Million in Sales Expected for Hillman Solutions Corp (NASDAQ:HLMN) This Quarter

Analysts expect that Hillman Solutions Corp (NASDAQ:HLMN) will report sales of $364.50 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Hillman Solutions’ earnings. The lowest sales estimate is $348.10 million and the highest is $383.90 million. The company is expected to announce its next quarterly earnings report on Thursday, November 4th.

According to Zacks, analysts expect that Hillman Solutions will report full-year sales of $1.42 billion for the current fiscal year, with estimates ranging from $1.41 billion to $1.45 billion. For the next year, analysts forecast that the company will report sales of $1.50 billion, with estimates ranging from $1.48 billion to $1.52 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Hillman Solutions.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results on Thursday, July 29th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.13).

HLMN has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Hillman Solutions from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Wednesday, August 4th. CJS Securities initiated coverage on Hillman Solutions in a research report on Tuesday. They issued an “outperform” rating and a $18.00 target price for the company. Robert W. Baird started coverage on Hillman Solutions in a research report on Monday, August 9th. They issued an “outperform” rating and a $17.00 target price for the company. William Blair initiated coverage on Hillman Solutions in a research note on Monday, August 9th. They set an “outperform” rating for the company. Finally, Raymond James initiated coverage on Hillman Solutions in a research note on Thursday, August 12th. They set an “outperform” rating and a $15.00 price objective for the company. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $16.17.

NASDAQ HLMN traded down $0.16 on Wednesday, reaching $11.91. 1,656,347 shares of the company’s stock traded hands, compared to its average volume of 1,168,464. Hillman Solutions has a 12 month low of $9.60 and a 12 month high of $13.46. The stock has a 50-day moving average price of $12.32.

About Hillman Solutions

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.

Further Reading: When can a hold rating present a buying opportunity?

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