HNI (NYSE:HNI) Updates Q3 2026 Earnings Guidance

HNI (NYSE:HNI) issued an update on its third quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 1.160-1.190 for the period, compared to the consensus EPS estimate of 1.310. The company issued revenue guidance of -. HNI also updated its FY 2026 guidance to 4.150-4.330 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HNI shares. Benchmark reiterated a “buy” rating on shares of HNI in a research note on Wednesday, July 15th. Wells Fargo & Company set a $65.00 price objective on shares of HNI in a report on Wednesday, July 15th. Finally, Weiss Ratings upgraded HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.00.

HNI Trading Up 1.5%

NYSE HNI traded up $0.64 during trading hours on Friday, hitting $44.22. The company’s stock had a trading volume of 403,887 shares, compared to its average volume of 707,978. The stock has a fifty day moving average of $36.82 and a 200 day moving average of $39.30. HNI has a twelve month low of $28.93 and a twelve month high of $52.79. The firm has a market capitalization of $3.15 billion, a P/E ratio of 107.81, a PEG ratio of 0.53 and a beta of 0.90. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.81.

HNI (NYSE:HNI) last released its earnings results on Thursday, July 30th. The business services provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.23. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.48 billion. HNI had a net margin of 0.04% and a return on equity of 13.17%. The business’s quarterly revenue was up 120.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.11 EPS. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. Equities research analysts forecast that HNI will post 4 earnings per share for the current fiscal year.

HNI Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, May 29th. This is a positive change from HNI’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 3.2%. HNI’s payout ratio is currently 341.46%.

Key Stories Impacting HNI

Here are the key news stories impacting HNI this week:

• Positive Sentiment: HNI reported second-quarter adjusted earnings of $1.27 per share, exceeding the $1.04 analyst consensus and improving from $1.11 in the prior-year quarter. HNI Surpasses Q2 Earnings Estimates
• Positive Sentiment: Revenue surged 120.7% year over year to approximately $1.47 billion, broadly close to the $1.48 billion consensus estimate. The sharp increase reflects the impact of the Steelcase acquisition and expands HNI’s scale. HNI Corporation Reports Second Quarter 2026 Results
• Positive Sentiment: Management projected 20%–25% non-GAAP EPS growth in 2026 and raised its Steelcase-related synergy target to at least $120 million. Full-year 2026 EPS guidance of $4.15–$4.33 also exceeds the $4.02 consensus estimate, supporting the bullish reaction. HNI Projects EPS Growth and Higher Synergy Target
• Negative Sentiment: Third-quarter EPS guidance of $1.16–$1.19 came in below the $1.31 analyst estimate, creating a near-term headwind. Revenue also fell slightly short of consensus, while HNI’s reported net margin remained very thin at 0.04%. HNI Q2 Earnings Report

Institutional Trading of HNI

A number of hedge funds have recently modified their holdings of the company. Millennium Management LLC acquired a new position in HNI during the first quarter valued at approximately $10,666,000. Jane Street Group LLC bought a new position in shares of HNI during the first quarter worth $10,301,000. Entropy Technologies LP bought a new position in shares of HNI during the third quarter worth $676,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of HNI by 7.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,290 shares of the business services provider’s stock valued at $6,311,000 after buying an additional 9,730 shares in the last quarter. Finally, Intech Investment Management LLC raised its stake in HNI by 23.6% during the 1st quarter. Intech Investment Management LLC now owns 36,698 shares of the business services provider’s stock worth $1,628,000 after buying an additional 7,000 shares during the period. 75.26% of the stock is currently owned by institutional investors and hedge funds.

About HNI

HNI Corporation, founded in 1944 as the Heating & Novelty Company and headquartered in Muscatine, Iowa, is a leading manufacturer of office furniture and hearth products. Over its history, the company has evolved from producing gas heaters into two primary business segments: Office Furniture and Hearth & Home. HNI’s Office Furniture division operates under well-known brands such as The HON Company, Allsteel, Gunlocke and Kimball, offering a comprehensive portfolio of workstations, seating, tables, storage solutions and acoustic products tailored for corporate, education, healthcare and government markets.

In its Hearth & Home segment, HNI designs, manufactures and distributes fireplaces, stoves, fireplace inserts, logs and related accessories.