Hillenbrand (NYSE:HI) Posts Earnings Results, Beats Estimates By $0.07 EPS

Hillenbrand (NYSE:HI) posted its quarterly earnings data on Tuesday. The company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.07, MarketWatch Earnings reports. Hillenbrand had a negative net margin of 2.39% and a positive return on equity of 18.61%. The business had revenue of $722.30 million for the quarter, compared to analyst estimates of $707.05 million. During the same quarter last year, the business earned $0.53 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. Hillenbrand updated its Q3 2021 guidance to 0.700-0.800 EPS and its Q3 guidance to $0.70 to $0.80 EPS.

Hillenbrand stock traded down $0.19 during mid-day trading on Tuesday, hitting $49.41. The company’s stock had a trading volume of 269,990 shares, compared to its average volume of 358,407. The company has a quick ratio of 1.16, a current ratio of 1.61 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $3.71 billion, a P/E ratio of -61.00 and a beta of 1.54. Hillenbrand has a twelve month low of $17.48 and a twelve month high of $52.84. The stock’s fifty day moving average price is $49.42 and its two-hundred day moving average price is $42.41.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 17th were given a $0.215 dividend. The ex-dividend date of this dividend was Tuesday, March 16th. This represents a $0.86 annualized dividend and a yield of 1.74%. Hillenbrand’s dividend payout ratio (DPR) is 26.96%.

A number of research analysts recently commented on HI shares. DA Davidson raised their price objective on shares of Hillenbrand from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, February 8th. Barrington Research reiterated an “outperform” rating and set a $54.00 price objective (up previously from $50.00) on shares of Hillenbrand in a research note on Thursday, February 4th. TheStreet upgraded shares of Hillenbrand from a “c” rating to a “b-” rating in a research note on Tuesday, February 9th. Finally, Zacks Investment Research lowered shares of Hillenbrand from a “buy” rating to a “hold” rating in a research report on Tuesday, April 13th.

About Hillenbrand

Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates through three segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, and equipment system design; screening and separating equipment; flow control solutions; and size reduction equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.

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Earnings History for Hillenbrand (NYSE:HI)

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