HNI (HNI) to Release Quarterly Earnings on Thursday

HNI (NYSE:HNI - Get Free Report) is anticipated to issue its Q2 2025 quarterly earnings data before the market opens on Thursday, July 24th. Analysts expect HNI to post earnings of $0.86 per share and revenue of $646.49 million for the quarter.

HNI (NYSE:HNI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.09. HNI had a net margin of 5.35% and a return on equity of 18.48%. The company had revenue of $599.80 million for the quarter, compared to analysts' expectations of $580.47 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. HNI's revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts expect HNI to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

HNI Trading Down 0.5%

HNI stock traded down $0.27 during trading hours on Monday, reaching $50.71. 162,062 shares of the company's stock were exchanged, compared to its average volume of 313,795. The firm has a market capitalization of $2.36 billion, a PE ratio of 18.05, a PEG ratio of 1.22 and a beta of 0.92. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 0.45. The firm's 50 day simple moving average is $48.53 and its 200 day simple moving average is $46.74. HNI has a twelve month low of $39.76 and a twelve month high of $58.42.

HNI Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.34 per share. This is an increase from HNI's previous quarterly dividend of $0.33. The ex-dividend date was Friday, May 23rd. This represents a $1.36 annualized dividend and a dividend yield of 2.68%. HNI's payout ratio is currently 48.40%.

Insider Buying and Selling

In related news, insider Jason Dean Hagedorn sold 1,440 shares of the company's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $47.07, for a total transaction of $67,780.80. Following the completion of the transaction, the insider owned 36,711 shares in the company, valued at approximately $1,727,986.77. This represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Miguel M. Calado sold 2,000 shares of HNI stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $50.00, for a total value of $100,000.00. Following the completion of the sale, the director directly owned 31,828 shares in the company, valued at $1,591,400. This trade represents a 5.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.37% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC grew its holdings in HNI by 6.3% in the first quarter. AQR Capital Management LLC now owns 13,527 shares of the business services provider's stock worth $600,000 after purchasing an additional 802 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of HNI by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,239 shares of the business services provider's stock valued at $1,252,000 after purchasing an additional 1,290 shares during the period. Royal Bank of Canada increased its stake in HNI by 20.5% during the 1st quarter. Royal Bank of Canada now owns 8,642 shares of the business services provider's stock worth $383,000 after buying an additional 1,472 shares in the last quarter. Intech Investment Management LLC boosted its position in HNI by 23.6% during the first quarter. Intech Investment Management LLC now owns 36,698 shares of the business services provider's stock worth $1,628,000 after acquiring an additional 7,000 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in HNI by 7.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,290 shares of the business services provider's stock valued at $6,311,000 after buying an additional 9,730 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HNI. Wall Street Zen raised HNI from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Susquehanna started coverage on shares of HNI in a research note on Friday, May 16th. They issued a "neutral" rating and a $80.00 target price on the stock. Finally, Longbow Research started coverage on shares of HNI in a research note on Friday, May 16th. They set a "buy" rating and a $70.00 price target for the company.

About HNI

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands.