HNI (NYSE:HNI) posted its quarterly earnings results on Wednesday. The business services provider reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02, Briefing.com reports. The company had revenue of $625.40 million for the quarter, compared to the consensus estimate of $640.30 million. HNI had a net margin of 4.02% and a return on equity of 18.33%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $0.90 EPS. HNI updated its FY 2019 guidance to $2.50-2.60 EPS and its FY19 guidance to $2.50-2.60 EPS.
NYSE HNI traded up $0.29 during trading hours on Thursday, reaching $38.56. The company’s stock had a trading volume of 398,943 shares, compared to its average volume of 208,254. The firm has a fifty day simple moving average of $34.81 and a 200-day simple moving average of $34.63. The stock has a market cap of $1.67 billion, a P/E ratio of 16.00 and a beta of 1.24. HNI has a 52 week low of $29.90 and a 52 week high of $42.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.21 and a quick ratio of 0.75.
In other HNI news, CEO Jeffrey D. Lorenger sold 10,183 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $35.00, for a total transaction of $356,405.00. Following the completion of the transaction, the chief executive officer now owns 34,669 shares in the company, valued at approximately $1,213,415. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by company insiders.
HNI Company Profile
HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Singapore, and Taiwan. Its Office Furniture segment offers a range of commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, HBF, OFM, Lamex, and HNI India brands.
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