HNI (NYSE:HNI) Releases Quarterly Earnings Results

HNI (NYSE:HNI) posted its quarterly earnings results on Thursday. The business services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.13, Zacks reports. HNI had a return on equity of 19.29% and a net margin of 4.83%.

HNI Stock Up 1.1 %

NYSE:HNI traded up $0.55 during trading hours on Thursday, hitting $49.57. 255,557 shares of the stock traded hands, compared to its average volume of 284,050. The firm has a 50 day moving average price of $50.06 and a 200 day moving average price of $52.04. The company has a current ratio of 1.09, a quick ratio of 0.68 and a debt-to-equity ratio of 0.36. HNI has a fifty-two week low of $40.94 and a fifty-two week high of $58.42. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.14 and a beta of 0.90.

HNI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Monday, February 24th. HNI’s dividend payout ratio (DPR) is currently 51.16%.

Insider Buying and Selling at HNI

In other HNI news, Director Larry B. Porcellato sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $56.95, for a total transaction of $113,900.00. Following the sale, the director now directly owns 37,880 shares of the company’s stock, valued at $2,157,266. The trade was a 5.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.36% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised HNI from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st.

HNI Company Profile

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.