Q4 2024 EPS Estimates for HNI Co. Lifted by Analyst (NYSE:HNI)

HNI Co. (NYSE:HNI - Free Report) - Analysts at Sidoti Csr upped their Q4 2024 earnings estimates for HNI in a research report issued on Tuesday, April 30th. Sidoti Csr analyst G. Burns now anticipates that the business services provider will post earnings of $1.00 per share for the quarter, up from their prior estimate of $0.99. The consensus estimate for HNI's current full-year earnings is $3.10 per share. Sidoti Csr also issued estimates for HNI's Q1 2025 earnings at $0.32 EPS and Q4 2025 earnings at $1.14 EPS.

HNI (NYSE:HNI - Get Free Report) last released its quarterly earnings results on Monday, April 29th. The business services provider reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.19. The business had revenue of $588.00 million during the quarter, compared to the consensus estimate of $574.56 million. HNI had a net margin of 2.57% and a return on equity of 17.75%. The business's quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 earnings per share.

HNI has been the subject of a number of other reports. Benchmark lifted their price target on HNI from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Tuesday. StockNews.com downgraded HNI from a "strong-buy" rating to a "buy" rating in a report on Friday, March 8th.

HNI Stock Up 3.5 %

HNI stock traded up $1.48 during mid-day trading on Thursday, hitting $43.35. 243,730 shares of the company were exchanged, compared to its average volume of 257,913. The company has a market capitalization of $2.05 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 1.13 and a beta of 0.87. The firm has a fifty day simple moving average of $43.25 and a 200 day simple moving average of $41.03. The company has a current ratio of 1.29, a quick ratio of 0.73 and a debt-to-equity ratio of 0.61. HNI has a twelve month low of $24.81 and a twelve month high of $45.47.

Hedge Funds Weigh In On HNI

Several hedge funds and other institutional investors have recently made changes to their positions in HNI. Daiwa Securities Group Inc. acquired a new position in HNI during the 1st quarter worth $202,000. Nordea Investment Management AB raised its stake in shares of HNI by 11.7% during the first quarter. Nordea Investment Management AB now owns 89,002 shares of the business services provider's stock valued at $4,047,000 after purchasing an additional 9,329 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in HNI by 86.6% in the first quarter. BNP Paribas Financial Markets now owns 35,859 shares of the business services provider's stock worth $1,618,000 after purchasing an additional 16,646 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in HNI in the 1st quarter valued at about $245,000. Finally, Oxford Financial Group LTD. LLC increased its stake in HNI by 58.0% during the 4th quarter. Oxford Financial Group LTD. LLC now owns 51,867 shares of the business services provider's stock valued at $2,170,000 after buying an additional 19,032 shares during the period. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other HNI news, EVP Vincent P. Berger sold 9,976 shares of HNI stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $43.01, for a total value of $429,067.76. Following the completion of the transaction, the executive vice president now directly owns 67,025 shares in the company, valued at $2,882,745.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Vincent P. Berger sold 9,976 shares of the company's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $43.01, for a total transaction of $429,067.76. Following the completion of the transaction, the executive vice president now owns 67,025 shares in the company, valued at $2,882,745.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary A. Bell sold 2,898 shares of HNI stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $43.13, for a total transaction of $124,990.74. Following the completion of the sale, the director now owns 76,183 shares in the company, valued at $3,285,772.79. The disclosure for this sale can be found here. Insiders have sold a total of 17,374 shares of company stock worth $749,534 over the last quarter. 3.36% of the stock is owned by company insiders.

HNI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Monday, February 26th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Friday, February 23rd. HNI's dividend payout ratio is presently 94.81%.

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.