HNI Stock Sees Q4 Earnings Forecast Reduced at Sidoti

Key Points

• Sidoti lowered HNI’s Q4 2026 EPS forecast to $1.17 from $1.22, while projecting full-year 2027 and 2028 earnings of $4.74 and $5.60 per share, respectively.
• HNI’s latest quarter showed strong growth: revenue rose 120.7% year over year to $1.47 billion, and EPS of $1.27 exceeded the $1.04 consensus estimate. The company maintained fiscal 2026 EPS guidance of $4.15–$4.33.
• HNI shares recently traded around $46.95, with analysts’ average rating at “Moderate Buy” and an average price target of $65.00. The company also pays a quarterly dividend of $0.35, equivalent to a 3.0% annualized yield.

HNI Corporation (NYSE:HNI - Free Report) - Equities research analysts at Sidoti cut their Q4 2026 earnings estimates for HNI in a note issued to investors on Friday, October 2nd. Sidoti analyst G. Burns now anticipates that the business services provider will post earnings of $1.17 per share for the quarter, down from their prior forecast of $1.22. The consensus estimate for HNI's current full-year earnings is $4.24 per share. Sidoti also issued estimates for HNI's Q1 2027 earnings at $0.61 EPS, Q3 2027 earnings at $1.56 EPS, Q4 2027 earnings at $1.44 EPS, FY2027 earnings at $4.74 EPS, Q1 2028 earnings at $0.84 EPS, Q2 2028 earnings at $1.35 EPS, Q3 2028 earnings at $1.79 EPS and FY2028 earnings at $5.60 EPS.

HNI has been the topic of several other research reports. Wells Fargo & Company set a $65.00 price target on HNI in a research report on Wednesday, July 15th. Wall Street Zen upgraded HNI from a "hold" rating to a "buy" rating in a research note on Saturday, September 12th. Benchmark reaffirmed a "buy" rating on shares of HNI in a report on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of HNI from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $65.00.

HNI Trading Up 0.3%

NYSE:HNI opened at $46.95 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.36 and a debt-to-equity ratio of 0.76. HNI has a 52-week low of $28.93 and a 52-week high of $52.79. The stock's 50 day moving average price is $47.52 and its 200 day moving average price is $39.64. The company has a market capitalization of $3.39 billion, a PE ratio of 521.68, a P/E/G ratio of 0.55 and a beta of 0.93.

HNI (NYSE:HNI - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.23. HNI had a net margin of 0.10% and a return on equity of 13.66%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm earned $1.11 EPS. The company's revenue was up 120.7% compared to the same quarter last year. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new position in HNI in the second quarter valued at approximately $253,000. Baird Financial Group Inc. acquired a new position in shares of HNI during the 2nd quarter valued at $245,000. Nykredit A S acquired a new position in shares of HNI during the 2nd quarter valued at $36,000. Amundi boosted its position in HNI by 9.3% during the 2nd quarter. Amundi now owns 13,552 shares of the business services provider's stock worth $548,000 after purchasing an additional 1,152 shares during the period. Finally, denkapparat Operations GmbH acquired a new stake in HNI in the 2nd quarter valued at $227,000. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at HNI

In other news, CEO Jeffrey Lorenger sold 1,504 shares of the firm's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $50.00, for a total value of $75,200.00. Following the completion of the transaction, the chief executive officer owned 148,490 shares in the company, valued at $7,424,500. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 95,138 shares of company stock valued at $4,648,587. Corporate insiders own 2.15% of the company's stock.

HNI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 28th were issued a $0.35 dividend. The ex-dividend date was Friday, August 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.0%. HNI's dividend payout ratio is currently 1,555.56%.

Key Stories Impacting HNI

Here are the key news stories impacting HNI this week:

• Positive Sentiment: HNI’s latest quarterly results showed strong momentum: revenue increased 120.7% year over year to $1.47 billion, while adjusted earnings of $1.27 per share exceeded the $1.04 consensus estimate. The company also maintained fiscal 2026 EPS guidance of $4.15–$4.33. HNI stock reports 120.7 percent sales growth after Q2 beat
• Positive Sentiment: Sidoti’s longer-term forecast calls for HNI to earn $5.60 per share in fiscal 2028, well above the current-year consensus of $4.24, suggesting expectations for continued earnings growth despite some near-term adjustments. Sidoti earnings estimates for HNI
• Neutral Sentiment: A Zacks article highlights HNI as a potential high-growth dividend stock, which may appeal to income-oriented investors, but the report does not provide a new dividend announcement or recommendation. Are You Looking for a High-Growth Dividend Stock?
• Neutral Sentiment: A comparison of HNI with Casella Waste Systems focuses on relative company characteristics rather than a specific catalyst, upgrade, or downgrade for HNI. HNI versus Casella Waste Systems comparison
• Negative Sentiment: Sidoti lowered several estimates, including fiscal 2026 EPS to $1.17 from $1.22, first-quarter 2027 EPS to $0.61 from $0.66, fiscal 2027 EPS to $4.74 from $4.87, and third-quarter 2027 EPS to $1.56 from $1.59. These cuts point to softer near-term profitability expectations.

HNI Company Profile

HNI Corporation NYSE: HNI is a workplace and residential building products company headquartered in Muscatine, Iowa. Its workplace furnishings business designs and manufactures office furniture and related products, including desks, seating, tables, storage, architectural products and workplace accessories. The company serves businesses, government organizations, education institutions and other commercial customers through brands such as HON, Allsteel, Gunlocke, HBF and OFM.

HNI also operates Hearth & Home Technologies, a manufacturer of hearth products for residential and commercial applications.

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