Hillenbrand (NYSE:HI) Posts Earnings Results, Misses Estimates By $0.66 EPS

Hillenbrand (NYSE:HI) issued its quarterly earnings results on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.66), FiscalAI reports. Hillenbrand had a return on equity of 12.69% and a net margin of 1.61%.The company had revenue of $540.00 million for the quarter, compared to analyst estimates of $607.10 million.

Hillenbrand Stock Up 0.0%

Shares of NYSE:HI opened at $31.99 on Tuesday. The company has a 50 day moving average price of $31.82 and a two-hundred day moving average price of $28.73. The company has a market capitalization of $2.26 billion, a PE ratio of 52.44 and a beta of 1.40. Hillenbrand has a 52 week low of $18.36 and a 52 week high of $35.48. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.88 and a current ratio of 1.22.

Hillenbrand Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a $0.2275 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This is a boost from Hillenbrand’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a yield of 2.8%. Hillenbrand’s payout ratio is currently 149.18%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in Hillenbrand by 8.6% in the second quarter. Bank of America Corp DE now owns 682,387 shares of the company’s stock valued at $13,696,000 after acquiring an additional 53,908 shares during the period. Cooper Creek Partners Management LLC boosted its holdings in shares of Hillenbrand by 28.1% in the third quarter. Cooper Creek Partners Management LLC now owns 546,241 shares of the company’s stock valued at $14,770,000 after buying an additional 119,964 shares during the period. UBS Group AG increased its position in shares of Hillenbrand by 21.0% during the third quarter. UBS Group AG now owns 425,297 shares of the company’s stock worth $11,500,000 after acquiring an additional 73,812 shares in the last quarter. Voloridge Investment Management LLC lifted its position in Hillenbrand by 1.0% in the 3rd quarter. Voloridge Investment Management LLC now owns 266,222 shares of the company’s stock valued at $7,199,000 after acquiring an additional 2,659 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Hillenbrand in the 3rd quarter worth $6,875,000. 89.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Hillenbrand in a research report on Monday, December 29th. CJS Securities reiterated a “market perform” rating and issued a $32.00 price target on shares of Hillenbrand in a report on Thursday, October 16th. Finally, DA Davidson restated a “neutral” rating and set a $32.00 target price on shares of Hillenbrand in a research report on Thursday, November 20th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $32.00.

About Hillenbrand

Hillenbrand, Inc, headquartered in Batesville, Indiana, is a global industrial company specializing in engineered equipment and process solutions. Through its Coperion division, Hillenbrand designs and manufactures compounding and extrusion systems, polymer and food processing equipment, bulk material handling technologies and associated automation. These offerings support a variety of end markets, including plastics, chemicals, food, pharmaceutical and minerals, helping customers optimize production efficiency and product quality.

Tracing its roots to the Batesville Casket Company founded in 1906, the organization evolved through strategic acquisitions and expanded its focus on process technologies.