Sidoti Csr Issues Pessimistic Estimate for HNI Earnings

HNI Co. (NYSE:HNI) – Stock analysts at Sidoti Csr dropped their FY2024 earnings estimates for HNI in a note issued to investors on Wednesday, October 30th. Sidoti Csr analyst G. Burns now expects that the business services provider will post earnings of $2.93 per share for the year, down from their prior forecast of $3.17. The consensus estimate for HNI’s current full-year earnings is $3.17 per share. Sidoti Csr also issued estimates for HNI’s Q1 2025 earnings at $0.42 EPS, Q2 2025 earnings at $0.86 EPS, Q3 2025 earnings at $1.21 EPS, Q4 2025 earnings at $1.11 EPS, FY2025 earnings at $3.60 EPS, Q1 2026 earnings at $0.50 EPS, Q2 2026 earnings at $0.96 EPS, Q3 2026 earnings at $1.32 EPS and FY2026 earnings at $4.01 EPS.

HNI (NYSE:HNI) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. HNI had a return on equity of 19.15% and a net margin of 4.39%. The business had revenue of $672.20 million for the quarter, compared to the consensus estimate of $712.75 million. During the same quarter in the prior year, the business earned $0.93 earnings per share. HNI’s revenue for the quarter was down 5.5% on a year-over-year basis.

Several other analysts have also issued reports on HNI. StockNews.com lowered shares of HNI from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 13th. Benchmark boosted their target price on shares of HNI from $57.00 to $63.00 and gave the company a “buy” rating in a report on Friday, July 26th.

HNI Price Performance

NYSE HNI opened at $49.63 on Thursday. The company has a quick ratio of 0.73, a current ratio of 1.20 and a debt-to-equity ratio of 0.53. The company has a market cap of $2.35 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 1.39 and a beta of 0.84. HNI has a 52 week low of $33.26 and a 52 week high of $56.13. The firm’s 50-day simple moving average is $52.62 and its two-hundred day simple moving average is $48.57.

Institutional Trading of HNI

Hedge funds and other institutional investors have recently bought and sold shares of the company. Eastern Bank bought a new stake in shares of HNI in the 3rd quarter worth approximately $27,000. Quest Partners LLC bought a new stake in shares of HNI in the 2nd quarter valued at about $29,000. GAMMA Investing LLC increased its stake in HNI by 51.6% in the 3rd quarter. GAMMA Investing LLC now owns 670 shares of the business services provider’s stock worth $36,000 after purchasing an additional 228 shares during the period. Farther Finance Advisors LLC raised its holdings in 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 valued at $117,000 after buying an additional 2,136 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new position in HNI during the 1st quarter valued at about $202,000. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Insider Activity at HNI

In other HNI news, CEO Jeffrey D. Lorenger sold 72,102 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $49.32, for a total value of $3,556,070.64. Following the completion of the transaction, the chief executive officer now owns 296,892 shares of the company’s stock, valued at $14,642,713.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Brian Scott Smith sold 2,284 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $54.00, for a total transaction of $123,336.00. Following the transaction, the insider now directly owns 11,902 shares in the company, valued at approximately $642,708. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey D. Lorenger sold 72,102 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $49.32, for a total value of $3,556,070.64. Following the transaction, the chief executive officer now directly owns 296,892 shares in the company, valued at approximately $14,642,713.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,582 shares of company stock valued at $5,597,281 over the last three months. 3.36% of the stock is owned by corporate insiders.

HNI Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Friday, August 23rd. HNI’s dividend payout ratio (DPR) is 97.78%.

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.