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

Hamilton Beach Brands Stock Performance

NYSE:HBB traded down $2.32 during mid-day trading on Friday, reaching $13.25. The stock had a trading volume of 37,118 shares, compared to its average volume of 26,360. The business has a 50 day simple moving average of $17.88 and a 200 day simple moving average of $17.95. Hamilton Beach Brands has a twelve month low of $13.15 and a twelve month high of $31.78. The firm has a market capitalization of $181.43 million, a price-to-earnings ratio of 5.64 and a beta of 0.24. 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 company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 30th. This is a positive change from Hamilton Beach Brands's previous quarterly dividend of $0.12. This represents a $0.48 annualized dividend and a dividend yield of 3.6%. Hamilton Beach Brands's payout ratio is presently 20.43%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Hamilton Beach Brands

An institutional investor recently bought a new position in Hamilton Beach Brands stock. Jane Street Group LLC acquired a new position in shares of Hamilton Beach Brands Holding Company (NYSE:HBB - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,611 shares of the company's stock, valued at approximately $245,000. Jane Street Group LLC owned about 0.09% of Hamilton Beach Brands at the end of the most recent reporting period. 50.55% of the stock is owned by institutional investors and hedge funds.

About Hamilton Beach Brands

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.