Hillenbrand (NYSE:HI) Releases Q3 Earnings Guidance

Hillenbrand (NYSE:HI) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.80-$0.85 for the period, compared to the consensus estimate of $1.02. Hillenbrand also updated its FY 2024 guidance to 3.300-3.500 EPS.

Hillenbrand Stock Down 3.7 %

HI traded down $1.81 during trading on Tuesday, reaching $47.67. The stock had a trading volume of 313,838 shares, compared to its average volume of 283,813. The stock’s 50 day moving average is $48.16 and its two-hundred day moving average is $44.75. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 6.41 and a beta of 1.49. Hillenbrand has a one year low of $37.19 and a one year high of $53.76.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Monday, February 5th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. Hillenbrand had a return on equity of 14.65% and a net margin of 18.39%. The company had revenue of $773.30 million during the quarter, compared to the consensus estimate of $776.40 million. As a group, analysts expect that Hillenbrand will post 3.72 earnings per share for the current year.

Hillenbrand Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.222 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.89 dividend on an annualized basis and a yield of 1.86%. Hillenbrand’s dividend payout ratio is currently 11.53%.

Insider Buying and Selling at Hillenbrand

In other news, CFO Robert M. Vanhimbergen acquired 11,319 shares of Hillenbrand stock in a transaction dated Friday, February 9th. The stock was purchased at an average cost of $45.23 per share, with a total value of $511,958.37. Following the completion of the purchase, the chief financial officer now directly owns 34,559 shares in the company, valued at approximately $1,563,103.57. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP Nicholas R. Farrell sold 8,542 shares of Hillenbrand stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $47.02, for a total value of $401,644.84. Following the transaction, the vice president now owns 41,951 shares of the company’s stock, valued at approximately $1,972,536.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Robert M. Vanhimbergen bought 11,319 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average price of $45.23 per share, with a total value of $511,958.37. Following the completion of the purchase, the chief financial officer now directly owns 34,559 shares in the company, valued at $1,563,103.57. The disclosure for this purchase can be found here. 1.80% of the stock is owned by corporate insiders.

Hillenbrand Company Profile

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.