Hillenbrand (NYSE:HI) Releases Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Hillenbrand (NYSE:HI) announced its quarterly earnings data on Wednesday. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.21, FiscalAI reports. The company had revenue of $652.10 million for the quarter, compared to analysts’ expectations of $592.25 million. Hillenbrand had a positive return on equity of 13.53% and a negative net margin of 0.63%.

Hillenbrand Trading Up 0.0%

NYSE:HI traded up $0.02 during midday trading on Wednesday, reaching $31.64. 671,058 shares of the stock traded hands, compared to its average volume of 819,797. The stock has a market capitalization of $2.23 billion, a P/E ratio of -126.54 and a beta of 1.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.87 and a current ratio of 1.25. The company has a fifty day moving average of $28.53 and a 200 day moving average of $24.20. Hillenbrand has a 12 month low of $18.36 and a 12 month high of $35.59.

Hillenbrand Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, September 15th. Hillenbrand’s dividend payout ratio is currently -360.00%.

Analysts Set New Price Targets

HI has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hillenbrand in a research report on Wednesday, October 8th. Zacks Research cut shares of Hillenbrand from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. DA Davidson increased their target price on shares of Hillenbrand from $24.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Finally, CJS Securities reissued a “market perform” rating and issued a $32.00 price target on shares of Hillenbrand in a research note on Thursday, October 16th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $32.00.

Hedge Funds Weigh In On Hillenbrand

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. lifted its stake in Hillenbrand by 74.0% in the second quarter. Osaic Holdings Inc. now owns 1,965 shares of the company’s stock worth $40,000 after acquiring an additional 836 shares during the period. Jones Financial Companies Lllp increased its position in Hillenbrand by 622.7% during the 1st quarter. Jones Financial Companies Lllp now owns 3,729 shares of the company’s stock valued at $90,000 after purchasing an additional 3,213 shares during the period. BNP Paribas Financial Markets raised its holdings in Hillenbrand by 47.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,155 shares of the company’s stock worth $144,000 after purchasing an additional 2,315 shares in the last quarter. Brooklyn Investment Group raised its holdings in Hillenbrand by 1,427.8% in the 3rd quarter. Brooklyn Investment Group now owns 7,517 shares of the company’s stock worth $203,000 after purchasing an additional 7,025 shares in the last quarter. Finally, Inceptionr LLC purchased a new stake in shares of Hillenbrand in the 3rd quarter worth about $226,000. Institutional investors own 89.09% of the company’s stock.

About Hillenbrand

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.