Hillman Solutions (NASDAQ:HLMN) Announces Quarterly Earnings Results

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

Hillman Solutions Stock Performance

Shares of NASDAQ HLMN remained flat at $11.12 during trading hours on Friday. The company had a trading volume of 66,063 shares, compared to its average volume of 891,410. The firm has a market capitalization of $2.18 billion, a P/E ratio of 278.00 and a beta of 1.65. The company’s 50 day moving average price is $10.36 and its 200-day moving average price is $9.68. Hillman Solutions has a 1-year low of $6.62 and a 1-year high of $12.08. 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 Ratings Changes

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