HNI Corp (HNI) Earns News Impact Rating of -0.06
Headlines about HNI Corp (NYSE:HNI) have been trending somewhat negative on Friday, according to Alpha One Sentiment. The research firm, a unit of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. HNI Corp earned a news sentiment score of -0.06 on Alpha One’s scale. Alpha One also gave news articles about the business services provider an impact score of 70 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected AlphaOne’s rankings:
- HNI Corp. : HNI-US: Dividend Analysis : May 19th, 2017 (record date) : By the numbers : May 18, 2017 (finance.yahoo.com)
- Phoenice Mason running for Muscatine City Council (muscatinejournal.com)
- Quick Service Restaurants Furniture market 2017- ISI America, JBI interiors, Ashley, HNI Corporation, Haworth (openpr.com)
- HUDCO IPO subscribed over 80 times (timesofindia.indiatimes.com)
- HNI Corporation announces 4 percent increase in quarterly dividend (qctimes.com)
Shares of HNI Corp (NYSE:HNI) traded up 1.90% during mid-day trading on Friday, reaching $42.46. 139,904 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $45.56 and a 200 day moving average price of $48.43. The firm has a market cap of $1.88 billion, a P/E ratio of 24.56 and a beta of 1.44. HNI Corp has a 52-week low of $37.24 and a 52-week high of $56.96.
HNI Corp (NYSE:HNI) last issued its quarterly earnings results on Wednesday, April 19th. The business services provider reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.04. The firm had revenue of $477.70 million for the quarter, compared to analyst estimates of $470.07 million. HNI Corp had a net margin of 3.88% and a return on equity of 23.75%. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 EPS. Analysts forecast that HNI Corp will post $2.97 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Friday, May 19th will be issued a $0.285 dividend. This is a positive change from HNI Corp’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.74%. HNI Corp’s dividend payout ratio is presently 58.51%.
A number of brokerages have weighed in on HNI. Sidoti upgraded shares of HNI Corp from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 28th. Zacks Investment Research upgraded shares of HNI Corp from a “sell” rating to a “hold” rating in a research report on Monday, March 27th. Finally, Off Wall Street began coverage on shares of HNI Corp in a research report on Monday, February 6th. They issued a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $47.00.
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In other news, Chairman Stanley A. Askren sold 5,400 shares of the stock in a transaction on Friday, March 31st. The shares were sold at an average price of $46.00, for a total value of $248,400.00. Following the transaction, the chairman now owns 209,792 shares of the company’s stock, valued at approximately $9,650,432. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Stanley A. Askren sold 2,764 shares of the stock in a transaction on Monday, March 20th. The stock was sold at an average price of $46.51, for a total transaction of $128,553.64. Following the completion of the transaction, the chairman now directly owns 207,156 shares in the company, valued at approximately $9,634,825.56. The disclosure for this sale can be found here. Insiders sold a total of 54,273 shares of company stock worth $2,481,921 in the last three months. Insiders own 5.00% of the company’s stock.
HNI Corp Company Profile
HNI Corporation is a provider of office furniture and hearth products. The Company’s office furniture products include panel-based and freestanding furniture systems, seating, storage and tables. The Company’s segments include office furniture and hearth products. The office furniture segment manufactures and markets a line of metal and wood commercial and home office furniture, which includes storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions, and panel systems and other related products.
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