HNI (NYSE:HNI) Releases Earnings Results, Beats Expectations By $0.13 EPS

HNI (NYSE:HNI) released its earnings results on Thursday. The business services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.13, Zacks reports. HNI had a return on equity of 19.29% and a net margin of 4.83%.

HNI Stock Performance

Shares of NYSE:HNI traded up $0.77 during midday trading on Thursday, reaching $49.79. 269,316 shares of the company’s stock traded hands, compared to its average volume of 284,476. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 19.32, a P/E/G ratio of 1.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.68 and a current ratio of 1.09. HNI has a one year low of $40.94 and a one year high of $58.42. The stock has a 50 day moving average of $50.06 and a 200 day moving average of $52.04.

HNI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Monday, February 24th. HNI’s payout ratio is currently 51.16%.

Insider Activity

In other news, Director Larry B. Porcellato sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $56.95, for a total transaction of $113,900.00. Following the transaction, the director now directly owns 37,880 shares of the company’s stock, valued at $2,157,266. This represents a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.36% of the company’s stock.

Analyst Ratings Changes

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

HNI Company Profile

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.