HNI (HNI) Expected to Announce Earnings on Thursday

HNI (NYSE:HNI) will likely be posting its quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect HNI to post earnings of $0.74 per share and revenue of $657.03 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

HNI Trading Down 1.4 %

Shares of HNI opened at $49.28 on Wednesday. The business’s 50-day moving average price is $50.29 and its 200-day moving average price is $52.08. HNI has a twelve month low of $40.94 and a twelve month high of $58.42. The stock has a market cap of $2.36 billion, a PE ratio of 19.10, a P/E/G ratio of 1.13 and a beta of 0.90. The company has a quick ratio of 0.68, a current ratio of 1.09 and a debt-to-equity ratio of 0.36.

HNI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, February 24th. HNI’s dividend payout ratio is presently 51.16%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded HNI from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st.

Insider Buying and Selling

In related news, Director Larry B. Porcellato sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $56.95, for a total value of $113,900.00. Following the transaction, the director now directly owns 37,880 shares in the company, valued at approximately $2,157,266. This represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.36% of the stock is owned by company insiders.

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.