Hamilton Beach Brands (NYSE:HBB) Posts Earnings Results

Key Points

• Hamilton Beach Brands reported a quarterly earnings per share (EPS) of $0.33, with a net margin of 5.11% and a return on equity of 21.59%.
• The company's stock decreased by 4.0%, trading at $15.66 amid a market cap of $214.39 million and a PE ratio of 6.42.
• Hamilton Beach Brands has announced a quarterly dividend of $0.12, resulting in an annualized dividend yield of 3.07%.

Hamilton Beach Brands (NYSE:HBB - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.33 earnings per share for the quarter, Zacks reports. The business had revenue of $127.77 million for the quarter. Hamilton Beach Brands had a return on equity of 20.03% and a net margin of 5.10%.

Hamilton Beach Brands Trading Down 14.9%

Shares of Hamilton Beach Brands stock traded down $2.32 during midday trading on Friday, reaching $13.25. 37,118 shares of the company's stock traded hands, compared to its average volume of 26,360. The company has a market cap of $181.43 million, a PE ratio of 5.64 and a beta of 0.24. The stock has a 50 day moving average of $17.88 and a 200-day moving average of $17.96. Hamilton Beach Brands has a 12 month low of $13.15 and a 12 month high of $31.78. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.93 and a current ratio of 2.47.

Hamilton Beach Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.12 dividend. This is an increase from Hamilton Beach Brands's previous quarterly dividend of $0.12. The ex-dividend date was Friday, May 30th. This represents a $0.48 annualized dividend and a yield of 3.6%. Hamilton Beach Brands's dividend payout ratio (DPR) is 20.43%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Hamilton Beach Brands from a "buy" rating to a "hold" rating in a report on Saturday.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Hamilton Beach Brands stock. Jane Street Group LLC bought a new position in Hamilton Beach Brands Holding Company (NYSE:HBB - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,611 shares of the company's stock, valued at approximately $245,000. Jane Street Group LLC owned 0.09% of Hamilton Beach Brands at the end of the most recent quarter. 50.55% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Beach Brands Company Profile

Hamilton Beach Brands Holding Company, together with its subsidiaries, designs, markets, and distributes small electric household and specialty housewares appliances in the United States and internationally. It offers air fryers, blenders, coffee makers, food processors, indoor electric grills, irons, juicers, mixers, slow cookers, toasters, and toaster ovens.