Hillenbrand (NYSE:HI) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Hillenbrand (NYSE:HI - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.01, Briefing.com reports. The firm had revenue of $785.30 million for the quarter, compared to analysts' expectations of $801.55 million. Hillenbrand had a return on equity of 14.65% and a net margin of 18.39%. The company's quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.74 EPS.

Hillenbrand Price Performance

Shares of NYSE HI traded down $6.24 during mid-day trading on Wednesday, reaching $41.48. The company had a trading volume of 1,167,242 shares, compared to its average volume of 294,354. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.79 and a current ratio of 1.28. Hillenbrand has a one year low of $37.19 and a one year high of $53.76. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 5.37 and a beta of 1.49. The business's 50-day simple moving average is $48.10 and its 200 day simple moving average is $44.78.

Hillenbrand Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.222 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Thursday, March 14th. Hillenbrand's payout ratio is currently 11.53%.

Insider Buying and Selling

In related news, CEO Kimberly K. Ryan purchased 5,600 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $44.94 per share, for a total transaction of $251,664.00. Following the completion of the transaction, the chief executive officer now owns 133,604 shares of the company's stock, valued at $6,004,163.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hillenbrand news, CEO Kimberly K. Ryan acquired 5,600 shares of Hillenbrand stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $44.94 per share, with a total value of $251,664.00. Following the completion of the purchase, the chief executive officer now directly owns 133,604 shares of the company's stock, valued at approximately $6,004,163.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nicholas R. Farrell sold 8,542 shares of the firm's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $47.02, for a total value of $401,644.84. Following the completion of the sale, the vice president now directly owns 41,951 shares in the company, valued at $1,972,536.02. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Hillenbrand Company Profile

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.