HNI (HNI) Projected to Post Earnings on Thursday

HNI (NYSE:HNI - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $657.03 million for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

HNI Price Performance

Shares of NYSE:HNI traded up $0.43 during midday trading on Friday, hitting $50.03. The company's stock had a trading volume of 237,779 shares, compared to its average volume of 254,901. The business's 50 day simple moving average is $50.42 and its 200 day simple moving average is $52.11. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.68 and a current ratio of 1.09. The company has a market cap of $2.39 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90. HNI has a 12-month low of $40.94 and a 12-month high of $58.42.

HNI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Monday, February 24th. HNI's dividend payout ratio is currently 51.16%.

Insiders Place Their Bets

In other HNI news, Director Larry B. Porcellato sold 2,000 shares of HNI stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $56.95, for a total transaction of $113,900.00. Following the transaction, the director now directly owns 37,880 shares of the company's stock, valued at $2,157,266. The trade was a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.36% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of HNI from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 31st.

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.