Hillman Solutions (NASDAQ:HLMN) Releases Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• Hillman Solutions beat EPS expectations: The company reported quarterly EPS of $0.22, topping the $0.21 consensus estimate, while revenue of $457.49 million fell short of the $462.10 million forecast.
• Shares jumped 7.6%: HLMN stock rose to $8.39 following the results, giving the company a market capitalization of approximately $1.63 billion.
• Analyst sentiment remains moderately positive: Hillman has a consensus “Moderate Buy” rating and an average price target of $12.67, although recent analyst actions included both upgrades and downgrades.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) released its earnings results on Monday. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.01, FiscalAI reports. The company had revenue of $457.49 million for the quarter, compared to the consensus estimate of $462.10 million. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%.

Hillman Solutions Stock Up 7.6%

Shares of Hillman Solutions stock traded up $0.59 during trading hours on Monday, reaching $8.39. The company's stock had a trading volume of 2,306,182 shares, compared to its average volume of 1,581,055. The company has a market capitalization of $1.63 billion, a P/E ratio of 38.14, a P/E/G ratio of 1.09 and a beta of 1.48. The stock's fifty day simple moving average is $7.34 and its two-hundred day simple moving average is $8.14. Hillman Solutions has a one year low of $6.66 and a one year high of $10.85. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.87 and a current ratio of 2.71.

Insider Transactions at Hillman Solutions

In related news, insider Amanda Kitzberger sold 13,750 shares of the company's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $7.25, for a total value of $99,687.50. Following the sale, the insider owned 58,855 shares in the company, valued at $426,698.75. This represents a 18.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Aaron Parker sold 17,381 shares of the company's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total transaction of $148,955.17. Following the completion of the sale, the insider owned 54,723 shares in the company, valued at $468,976.11. This represents a 24.11% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HLMN has been the subject of several research analyst reports. Raymond James Financial downgraded shares of Hillman Solutions from an "outperform" rating to a "hold" rating in a research note on Thursday, October 1st. Weiss Ratings raised shares of Hillman Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday. Barclays raised their target price on Hillman Solutions from $10.00 to $11.00 and gave the company an "equal weight" rating in a research note on Monday, August 10th. Canaccord Genuity Group reduced their target price on Hillman Solutions from $14.00 to $13.00 and set a "buy" rating for the company in a research note on Thursday, October 1st. Finally, Jefferies Financial Group raised Hillman Solutions to a "strong-buy" rating in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Hillman Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $12.67.

About Hillman Solutions

Hillman Solutions Corp. NASDAQ: HLMN provides hardware products and related merchandising solutions to home improvement centers, mass merchants, hardware stores and other retailers. Its product offerings include house and vehicle keys, key duplication services, key accessories, fasteners, wall-hanging hardware, identification products, engravable tags and other everyday hardware items.

The company also operates automated key-copying kiosks through its MinuteKey business and supplies in-store fixtures, displays and inventory-management services designed to help retailers merchandise and replenish hardware products.

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