What is Sidoti Csr's Forecast for HNI Q4 Earnings?

HNI Co. (NYSE:HNI - Free Report) - Research analysts at Sidoti Csr reduced their Q4 2024 earnings per share (EPS) estimates for HNI in a report released on Wednesday, October 30th. Sidoti Csr analyst G. Burns now forecasts that the business services provider will post earnings per share of $0.73 for the quarter, down from their prior estimate of $1.04. The consensus estimate for HNI's current full-year earnings is $2.93 per share.

HNI (NYSE:HNI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. The company had revenue of $672.20 million during the quarter, compared to analyst estimates of $712.75 million. HNI had a return on equity of 19.29% and a net margin of 4.83%. HNI's revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 earnings per share.

A number of other research analysts have also recently commented on the company. Benchmark increased their target price on HNI from $57.00 to $63.00 and gave the company a "buy" rating in a research note on Friday, July 26th. StockNews.com upgraded HNI from a "buy" rating to a "strong-buy" rating in a research report on Thursday.

HNI Price Performance

Shares of NYSE:HNI traded up $0.43 during trading on Friday, reaching $49.71. The company had a trading volume of 410,392 shares, compared to its average volume of 249,706. The company has a fifty day moving average of $52.50 and a two-hundred day moving average of $48.58. The company has a current ratio of 1.09, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $2.38 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 1.41 and a beta of 0.84. HNI has a 12 month low of $36.72 and a 12 month high of $56.13.

Institutional Trading of HNI

Several large investors have recently added to or reduced their stakes in HNI. Eastern Bank purchased a new stake in shares of HNI in the 3rd quarter worth about $27,000. Quest Partners LLC purchased a new stake in HNI in the second quarter worth about $29,000. GAMMA Investing LLC boosted its position in HNI by 51.6% during the 3rd quarter. GAMMA Investing LLC now owns 670 shares of the business services provider's stock valued at $36,000 after acquiring an additional 228 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of HNI by 4,746.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,181 shares of the business services provider's stock worth $117,000 after acquiring an additional 2,136 shares during the period. Finally, Daiwa Securities Group Inc. bought a new position in shares of HNI in the 1st quarter worth approximately $202,000. Institutional investors own 75.26% of the company's stock.

Insiders Place Their Bets

In related news, Director Miguel M. Calado sold 5,299 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $52.96, for a total transaction of $280,635.04. Following the completion of the sale, the director now directly owns 31,159 shares in the company, valued at $1,650,180.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Jeffrey D. Lorenger sold 72,102 shares of the company's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $49.32, for a total transaction of $3,556,070.64. Following the completion of the transaction, the chief executive officer now directly owns 296,892 shares of the company's stock, valued at approximately $14,642,713.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Miguel M. Calado sold 5,299 shares of the business's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $52.96, for a total value of $280,635.04. Following the transaction, the director now owns 31,159 shares in the company, valued at approximately $1,650,180.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,582 shares of company stock valued at $5,597,281 over the last three months. Insiders own 3.36% of the company's stock.

HNI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Friday, August 23rd were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Friday, August 23rd. HNI's payout ratio is presently 51.16%.

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.