HNI Corporation (NYSE:HNI) Getting Somewhat Favorable Press Coverage, Accern Reports
News articles about HNI Corporation (NYSE:HNI) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. HNI Corporation earned a news impact score of 0.09 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 46.3090852333864 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Analysts Anticipate HNI Corporation (HNI) Will Post Quarterly Sales of $588.00 Million (americanbankingnews.com)
- Paoli Inc. pushes back closing (tmnews.com)
- Female employees win wage discrimination suit against Allsteel furniture (woodworkingnetwork.com)
- HNI Corp. declares dividend of 28.5 cents per share (qctimes.com)
- IHS Markit Score Update: Drop in demand for ETFs holding HNI Corp is a negative sign for its shares (finance.yahoo.com)
A number of brokerages have recently commented on HNI. BidaskClub cut HNI Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Zacks Investment Research cut HNI Corporation from a “hold” rating to a “sell” rating in a research note on Monday, April 24th. Finally, TheStreet cut HNI Corporation from a “b-” rating to a “c+” rating in a research note on Tuesday, June 20th. Three 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 stock. The company has an average rating of “Hold” and a consensus target price of $47.00.
Shares of HNI Corporation (HNI) traded down 0.56% on Friday, hitting $35.47. The stock had a trading volume of 272,963 shares. HNI Corporation has a 1-year low of $35.02 and a 1-year high of $56.96. The company has a market capitalization of $1.56 billion, a PE ratio of 25.48 and a beta of 1.41. The firm has a 50-day moving average of $38.40 and a 200 day moving average of $43.64.
HNI Corporation (NYSE:HNI) last posted its quarterly earnings results on Monday, July 24th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.01. HNI Corporation had a net margin of 2.94% and a return on equity of 20.82%. The business had revenue of $514.50 million for the quarter, compared to analysts’ expectations of $516.10 million. During the same quarter in the previous year, the company earned $0.68 earnings per share. The business’s quarterly revenue was down 4.1% on a year-over-year basis. On average, equities analysts anticipate that HNI Corporation will post $2.45 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be given a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.14 annualized dividend and a yield of 3.21%. HNI Corporation’s payout ratio is 81.43%.
In other HNI Corporation news, Chairman Stanley A. Askren sold 11,264 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $46.01, for a total transaction of $518,256.64. Following the completion of the sale, the chairman now directly owns 204,996 shares in the company, valued at $9,431,865.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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.
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