HNI Corporation (HNI) Getting Somewhat Favorable News Coverage, Analysis Shows
Headlines about HNI Corporation (NYSE:HNI) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. HNI Corporation earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 46.6114819198368 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
HNI Corporation (NYSE HNI) traded down $0.07 during trading hours on Friday, reaching $33.37. The company’s stock had a trading volume of 159,332 shares, compared to its average volume of 230,424. The company has a current ratio of 1.08, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. HNI Corporation has a 1-year low of $31.16 and a 1-year high of $56.94. The company has a market cap of $1,450.00, a P/E ratio of 14.45 and a beta of 1.48.
HNI Corporation (NYSE:HNI) last released its quarterly earnings data on Monday, October 23rd. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. HNI Corporation had a return on equity of 21.09% and a net margin of 3.08%. The business had revenue of $599.50 million for the quarter, compared to the consensus estimate of $585.07 million. During the same quarter in the previous year, the company posted $0.80 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. equities research analysts expect that HNI Corporation will post 1.94 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 20th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Friday, November 17th. HNI Corporation’s payout ratio is 76.51%.
Several brokerages recently issued reports on HNI. BidaskClub downgraded HNI Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Zacks Investment Research raised HNI Corporation from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Rowe downgraded HNI Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 24th. Raymond James Financial, Inc. raised HNI Corporation from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research note on Wednesday, August 23rd. Finally, UBS AG raised HNI Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 23rd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $44.50.
COPYRIGHT VIOLATION WARNING: “HNI Corporation (HNI) Getting Somewhat Favorable News Coverage, Analysis Shows” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.watchlistnews.com/hni-corporation-hni-getting-somewhat-favorable-news-coverage-analysis-shows/1694308.html.
In other HNI Corporation news, Chairman Stanley A. Askren sold 12,000 shares of HNI Corporation stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $37.78, for a total value of $453,360.00. Following the sale, the chairman now owns 216,996 shares of the company’s stock, valued at approximately $8,198,108.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 36,000 shares of company stock worth $1,399,680. Corporate insiders own 5.16% of the company’s stock.
HNI Corporation 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.
Receive News & Ratings for HNI Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HNI Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.