Hillman Solutions (NASDAQ:HLMN) Releases Quarterly Earnings Results, Hits Estimates

Hillman Solutions (NASDAQ:HLMN) released its quarterly earnings data on Tuesday. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16, Briefing.com reports. The business had revenue of $393.30 million for the quarter, compared to analysts’ expectations of $389.50 million. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 EPS. Hillman Solutions updated its FY 2024 guidance to EPS.

Hillman Solutions Price Performance

NASDAQ HLMN traded up $0.27 on Wednesday, reaching $11.36. 933,877 shares of the stock traded hands, compared to its average volume of 887,907. Hillman Solutions has a 12 month low of $6.02 and a 12 month high of $12.06. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 381.79 and a beta of 1.65. The firm’s fifty day simple moving average is $10.30 and its 200 day simple moving average is $9.66. The company has a quick ratio of 0.77, a current ratio of 2.32 and a debt-to-equity ratio of 0.62.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Canaccord Genuity Group raised their price target on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird raised their target price on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday. Benchmark reiterated a “buy” rating and set a $13.00 price target on shares of Hillman Solutions in a research report on Thursday, August 8th. Finally, Barclays increased their price target on Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.92.

About Hillman Solutions

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.