HNI (HNI) Scheduled to Post Quarterly Earnings on Monday

HNI (NYSE:HNI) is scheduled to announce its earnings results before the market opens on Monday, April 29th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

HNI (NYSE:HNI) last posted its earnings results on Thursday, February 22nd. The business services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.18. The firm had revenue of $679.80 million during the quarter, compared to the consensus estimate of $686.15 million. HNI had a net margin of 2.03% and a return on equity of 16.97%. The company’s revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the company earned $0.63 earnings per share. On average, analysts expect HNI to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

HNI Price Performance

HNI opened at $42.50 on Friday. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 41.66, a PEG ratio of 1.20 and a beta of 0.86. The company has a quick ratio of 0.73, a current ratio of 1.16 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $43.31 and a 200-day moving average price of $40.87. HNI has a twelve month low of $24.81 and a twelve month high of $45.47.

HNI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Monday, February 26th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.28 annualized dividend and a yield of 3.01%. HNI’s dividend payout ratio is currently 125.49%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of HNI from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 8th.

Insiders Place Their Bets

In other HNI news, Director Larry B. Porcellato sold 2,000 shares of HNI stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $44.00, for a total transaction of $88,000.00. Following the completion of the sale, the director now owns 40,718 shares of the company’s stock, valued at $1,791,592. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Miguel M. Calado sold 2,500 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $42.99, for a total value of $107,475.00. Following the completion of the sale, the director now owns 36,988 shares of the company’s stock, valued at approximately $1,590,114.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Larry B. Porcellato sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $44.00, for a total value of $88,000.00. Following the transaction, the director now directly owns 40,718 shares of the company’s stock, valued at approximately $1,791,592. The disclosure for this sale can be found here. Insiders sold a total of 17,374 shares of company stock valued at $749,534 over the last 90 days. Insiders own 3.36% 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.