Sidoti Csr Issues Pessimistic Estimate for HNI Earnings

Key Points

• Sidoti Csr has revised its earnings per share (EPS) estimate for HNI Corporation's Q2 2026 from $0.97 to $0.87, indicating a pessimistic outlook for the company's earnings growth.
• The company recently raised its quarterly dividend to $0.34, up from $0.33, representing a 3.1% dividend yield and a payout ratio of 44.16%.
• Insider transactions show that company executives, including Jason Dean Hagedorn and Miguel M. Calado, have recently sold shares, indicating a decrease in insider ownership.

HNI Corporation (NYSE:HNI - Free Report) - Investment analysts at Sidoti Csr reduced their Q2 2026 earnings estimates for shares of HNI in a research report issued to clients and investors on Tuesday, August 5th. Sidoti Csr analyst G. Burns now forecasts that the business services provider will post earnings of $0.87 per share for the quarter, down from their previous forecast of $0.97. The consensus estimate for HNI's current full-year earnings is $3.60 per share. Sidoti Csr also issued estimates for HNI's Q3 2026 earnings at $1.50 EPS, Q4 2026 earnings at $1.11 EPS, Q1 2027 earnings at $0.74 EPS, Q2 2027 earnings at $1.06 EPS and FY2027 earnings at $4.87 EPS.

Several other research analysts have also issued reports on HNI. Longbow Research initiated coverage on HNI in a research report on Friday, May 16th. They issued a "buy" rating and a $70.00 price target on the stock. Susquehanna initiated coverage on HNI in a report on Friday, May 16th. They set a "neutral" rating and a $80.00 target price on the stock. Finally, Wall Street Zen raised shares of HNI from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th.

HNI Trading Down 1.2%

HNI stock traded down $0.53 during mid-day trading on Thursday, hitting $43.08. The stock had a trading volume of 1,007,058 shares, compared to its average volume of 610,250. The stock has a 50-day simple moving average of $49.13 and a two-hundred day simple moving average of $46.75. The stock has a market capitalization of $1.97 billion, a PE ratio of 13.99, a P/E/G ratio of 0.62 and a beta of 0.95. HNI has a 12 month low of $39.76 and a 12 month high of $58.42. The company has a current ratio of 1.46, a quick ratio of 0.93 and a debt-to-equity ratio of 0.56.

HNI (NYSE:HNI - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The business services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.25. The firm had revenue of $667.10 million for the quarter, compared to analysts' expectations of $646.49 million. HNI had a net margin of 5.73% and a return on equity of 20.08%. The company's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN increased its stake in shares of HNI by 23.2% in the 4th quarter. Wells Fargo & Company MN now owns 34,509 shares of the business services provider's stock valued at $1,738,000 after purchasing an additional 6,497 shares during the last quarter. Deutsche Bank AG grew its position in HNI by 47.9% in the fourth quarter. Deutsche Bank AG now owns 41,136 shares of the business services provider's stock valued at $2,072,000 after acquiring an additional 13,330 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in HNI in the first quarter valued at about $535,000. SG Americas Securities LLC bought a new position in HNI in the first quarter valued at about $735,000. Finally, Flagship Harbor Advisors LLC grew its position in HNI by 22.2% in the first quarter. Flagship Harbor Advisors LLC now owns 5,771 shares of the business services provider's stock valued at $256,000 after acquiring an additional 1,047 shares during the last quarter. Institutional investors own 75.26% of the company's stock.

Insiders Place Their Bets

In other news, Director Miguel M. Calado sold 1,743 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $53.00, for a total transaction of $92,379.00. Following the transaction, the director owned 30,085 shares in the company, valued at approximately $1,594,505. This trade represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jason Dean Hagedorn sold 1,440 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $47.07, for a total value of $67,780.80. Following the transaction, the insider owned 36,711 shares in the company, valued at $1,727,986.77. The trade was a 3.77% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,383 shares of company stock valued at $270,818. Corporate insiders own 3.37% of the company's stock.

HNI Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Friday, May 23rd were paid a $0.34 dividend. This is an increase from HNI's previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, May 23rd. HNI's dividend payout ratio is 44.16%.

HNI Company Profile

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.