Sidoti Csr Analysts Raise Earnings Estimates for HNI Co. (NYSE:HNI)

HNI Co. (NYSE:HNI) – Analysts at Sidoti Csr boosted their Q4 2024 earnings per share (EPS) estimates for shares of HNI in a research report issued on Tuesday, April 30th. Sidoti Csr analyst G. Burns now forecasts that the business services provider will post earnings of $1.00 per share for the quarter, up from their previous estimate of $0.99. The consensus estimate for HNI’s current full-year earnings is $3.10 per share. Sidoti Csr also issued estimates for HNI’s Q1 2025 earnings at $0.32 EPS and Q4 2025 earnings at $1.14 EPS.

HNI (NYSE:HNI) last posted its quarterly earnings results on Monday, April 29th. The business services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.19. HNI had a return on equity of 17.75% and a net margin of 2.57%. The business had revenue of $588.00 million for the quarter, compared to the consensus estimate of $574.56 million. During the same quarter in the previous year, the business earned $0.13 EPS. The company’s quarterly revenue was up 22.7% compared to the same quarter last year.

Several other equities research analysts have also recently commented on HNI. Benchmark increased their price target on HNI from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday. StockNews.com cut HNI from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 8th.

HNI Stock Up 1.9 %

Shares of HNI opened at $44.19 on Thursday. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 1.13 and a beta of 0.87. HNI has a 52 week low of $24.81 and a 52 week high of $45.47. The company has a quick ratio of 0.73, a current ratio of 1.29 and a debt-to-equity ratio of 0.61. The stock’s 50-day moving average price is $43.29 and its 200-day moving average price is $41.10.

HNI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Monday, February 26th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Friday, February 23rd. HNI’s dividend payout ratio is presently 94.81%.

Insider Buying and Selling at HNI

In other HNI news, EVP Vincent P. Berger sold 9,976 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $43.01, for a total value of $429,067.76. Following the sale, the executive vice president now directly owns 67,025 shares in the company, valued at $2,882,745.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Mary A. Bell sold 2,898 shares of HNI stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $43.13, for a total transaction of $124,990.74. Following the sale, the director now owns 76,183 shares in the company, valued at $3,285,772.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Vincent P. Berger sold 9,976 shares of HNI stock in a transaction dated Thursday, March 14th. The stock was 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 approximately $2,882,745.25. 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 ninety days. Corporate insiders own 3.36% of the company’s stock.

Institutional Trading of HNI

A number of hedge funds and other institutional investors have recently made changes to their positions in HNI. SG Americas Securities LLC acquired a new stake in shares of HNI during the third quarter worth about $957,000. Handelsbanken Fonder AB grew its holdings in shares of HNI by 24.4% during the third quarter. Handelsbanken Fonder AB now owns 9,726 shares of the business services provider’s stock worth $337,000 after buying an additional 1,910 shares during the last quarter. GW Henssler & Associates Ltd. purchased a new position in shares of HNI during the third quarter worth about $291,000. New York State Teachers Retirement System grew its holdings in shares of HNI by 2.8% during the third quarter. New York State Teachers Retirement System now owns 82,910 shares of the business services provider’s stock worth $2,871,000 after buying an additional 2,257 shares during the last quarter. Finally, Inspire Investing LLC grew its holdings in shares of HNI by 145.6% during the third quarter. Inspire Investing LLC now owns 27,438 shares of the business services provider’s stock worth $950,000 after buying an additional 16,268 shares during the last quarter. Institutional investors and hedge funds own 75.26% 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.