Hillman Solutions (NASDAQ:HLMN) Announces Quarterly Earnings Results, Hits Estimates

Hillman Solutions (NASDAQ:HLMN) posted its earnings results on Tuesday. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16, Briefing.com reports. Hillman Solutions had a return on equity of 7.96% and a net margin of 0.41%. The company had revenue of $393.30 million for the quarter, compared to the consensus estimate of $389.50 million. During the same period in the previous year, the business earned $0.11 earnings per share. Hillman Solutions’s quarterly revenue was down 1.4% compared to the same quarter last year. Hillman Solutions updated its FY 2024 guidance to EPS.

Hillman Solutions Trading Up 1.7 %

Shares of NASDAQ HLMN traded up $0.19 during midday trading on Wednesday, hitting $11.28. The stock had a trading volume of 1,086,459 shares, compared to its average volume of 888,617. The company has a quick ratio of 0.77, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. Hillman Solutions has a 1-year low of $6.02 and a 1-year high of $12.06. The company has a fifty day moving average price of $10.30 and a 200 day moving average price of $9.66. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 381.79 and a beta of 1.65.

Analysts Set New Price Targets

Several equities analysts have weighed in on HLMN shares. Barclays raised their target price on shares of Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday. Canaccord Genuity Group raised their price objective on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird upped their target price on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Benchmark reiterated a “buy” rating and set a $13.00 target price on shares of Hillman Solutions in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $12.92.

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.