Sidoti Equities Analysts Raise Earnings Estimates for HNI

Key Points

• Sidoti raised its earnings forecast for HNI, increasing Q2 2026 EPS estimates to $1.04 from $1.02 and keeping full-year 2026 EPS at $4.00.
• HNI beat first-quarter expectations, reporting $0.34 EPS versus the $0.31 consensus, though revenue of $1.35 billion came in slightly below estimates.
• Analyst sentiment remains mixed but constructive, with the stock holding a “Moderate Buy” consensus and an average price target of $71.67 despite some recent target cuts and downgrades.

HNI Corporation (NYSE:HNI - Free Report) - Stock analysts at Sidoti raised their Q2 2026 earnings per share (EPS) estimates for shares of HNI in a note issued to investors on Thursday, May 7th. Sidoti analyst G. Burns now forecasts that the business services provider will post earnings per share of $1.04 for the quarter, up from their prior forecast of $1.02. The consensus estimate for HNI's current full-year earnings is $4.00 per share. Sidoti also issued estimates for HNI's FY2026 earnings at $4.00 EPS.

HNI (NYSE:HNI - Get Free Report) last released its earnings results on Wednesday, May 6th. The business services provider reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.37 billion. HNI had a return on equity of 13.17% and a net margin of 0.04%.HNI's quarterly revenue was up 124.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 EPS.

HNI has been the topic of several other research reports. Benchmark cut their price target on HNI from $75.00 to $65.00 and set a "buy" rating on the stock in a report on Thursday. Weiss Ratings downgraded HNI from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday. Finally, Wall Street Zen downgraded HNI from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.67.

HNI Trading Up 0.1%

Shares of NYSE HNI opened at $33.63 on Monday. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 82.03, a price-to-earnings-growth ratio of 0.42 and a beta of 1.01. HNI has a 12-month low of $31.41 and a 12-month high of $53.29. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. The stock's 50 day simple moving average is $37.41 and its 200 day simple moving average is $41.76.

Institutional Trading of HNI

Several hedge funds have recently added to or reduced their stakes in the business. Cooke & Bieler LP raised its stake in HNI by 23.0% during the 4th quarter. Cooke & Bieler LP now owns 754,493 shares of the business services provider's stock valued at $31,719,000 after acquiring an additional 140,971 shares in the last quarter. Millennium Management LLC bought a new stake in HNI during the 1st quarter valued at $10,666,000. Jane Street Group LLC bought a new stake in HNI during the 1st quarter valued at $10,301,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in HNI by 7.3% during 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 acquiring an additional 9,730 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in HNI by 167.4% during the 4th quarter. SG Americas Securities LLC now owns 42,621 shares of the business services provider's stock valued at $1,792,000 after acquiring an additional 26,683 shares in the last quarter. Institutional investors own 75.26% of the company's stock.

HNI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.36 annualized dividend and a yield of 4.0%. HNI's payout ratio is presently 331.71%.

About HNI

HNI Corporation, founded in 1944 as the Heating & Novelty Company and headquartered in Muscatine, Iowa, is a leading manufacturer of office furniture and hearth products. Over its history, the company has evolved from producing gas heaters into two primary business segments: Office Furniture and Hearth & Home. HNI's Office Furniture division operates under well-known brands such as The HON Company, Allsteel, Gunlocke and Kimball, offering a comprehensive portfolio of workstations, seating, tables, storage solutions and acoustic products tailored for corporate, education, healthcare and government markets.

In its Hearth & Home segment, HNI designs, manufactures and distributes fireplaces, stoves, fireplace inserts, logs and related accessories.

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