Sidoti Research Analysts Lower Earnings Estimates for HNI

Key Points

• Sidoti lowered HNI’s FY2026 EPS estimate to $4.19 from $4.24, below the current consensus estimate of $4.24, and projected Q2 2027 EPS of $1.12.
• HNI’s latest quarterly results exceeded expectations, with EPS of $1.27 versus the $1.04 consensus and revenue of $1.47 billion; quarterly revenue increased 120.7% year over year.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus rating and a $65 target price, while HNI shares opened at $47.24 and pay a quarterly dividend of $0.35.

HNI Corporation (NYSE:HNI - Free Report) - Investment analysts at Sidoti decreased their FY2026 earnings estimates for HNI in a report issued on Friday, October 2nd. Sidoti analyst G. Burns now forecasts that the business services provider will post earnings of $4.19 per share for the year, down from their previous estimate of $4.24. The consensus estimate for HNI's current full-year earnings is $4.24 per share. Sidoti also issued estimates for HNI's Q2 2027 earnings at $1.12 EPS.

HNI (NYSE:HNI - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.27 EPS for the quarter, beating 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 analyst estimates of $1.48 billion. During the same quarter last year, the business earned $1.11 earnings per share. HNI's quarterly 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.

Other research analysts have also issued research reports about the company. Wall Street Zen upgraded HNI from a "hold" rating to a "buy" rating in a research report on Saturday, September 12th. Weiss Ratings upgraded HNI from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, July 24th. Benchmark reiterated a "buy" rating on shares of HNI in a report on Wednesday, July 15th. Finally, Wells Fargo & Company set a $65.00 target price on HNI in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $65.00.

HNI Stock Up 0.9%

Shares of NYSE HNI opened at $47.24 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 0.88 and a debt-to-equity ratio of 0.76. HNI has a 12-month low of $28.93 and a 12-month high of $52.79. The firm's 50-day moving average price is $47.61 and its 200-day moving average price is $39.72. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 524.96, a P/E/G ratio of 0.55 and a beta of 0.93.

Institutional Investors Weigh In On HNI

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

Insider Transactions at HNI

In other HNI news, CEO Jeffrey Lorenger sold 1,504 shares of the business's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $50.00, for a total transaction 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. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 95,138 shares of company stock valued at $4,648,587 over the last ninety days. 2.15% of the stock is owned by company insiders.

HNI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.40 annualized dividend and a yield of 3.0%. HNI's dividend payout ratio (DPR) is presently 1,555.56%.

About HNI

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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