Hillenbrand (NYSE:HI) Updates Q3 2024 Earnings Guidance

Hillenbrand (NYSE:HI) updated its third quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.800-0.850 for the period, compared to the consensus earnings per share estimate of 1.020. The company issued revenue guidance of -. Hillenbrand also updated its FY 2024 guidance to 3.300-3.500 EPS.

Hillenbrand Stock Performance

HI stock traded down $1.81 during midday trading on Tuesday, hitting $47.67. 313,838 shares of the company traded hands, compared to its average volume of 283,813. Hillenbrand has a twelve month low of $37.19 and a twelve month high of $53.76. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 1.18. The business has a 50 day simple moving average of $48.19 and a 200-day simple moving average of $44.80. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 6.17 and a beta of 1.49.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.69 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $776.40 million. As a group, equities research analysts predict that Hillenbrand will post 3.72 earnings per share for the current year.

Hillenbrand Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.222 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.89 annualized dividend and a dividend yield of 1.86%. Hillenbrand’s dividend payout ratio is 11.53%.

Insider Activity

In other news, CFO Robert M. Vanhimbergen bought 11,319 shares of Hillenbrand stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 34,559 shares in the company, valued at $1,563,103.57. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Kimberly K. Ryan acquired 5,600 shares of the business’s stock in a transaction on Friday, February 9th. The stock was bought at an average cost of $44.94 per share, with a total value of $251,664.00. Following the completion of the acquisition, the chief executive officer now owns 133,604 shares in the company, valued at $6,004,163.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Robert M. Vanhimbergen acquired 11,319 shares of the business’s stock in a transaction on Friday, February 9th. The shares were bought at an average cost of $45.23 per share, with a total value of $511,958.37. Following the completion of the acquisition, the chief financial officer now owns 34,559 shares of the company’s stock, valued at approximately $1,563,103.57. The disclosure for this purchase can be found here. 1.80% of the stock is owned by company insiders.

About Hillenbrand

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.