HNI (HNI) Receiving Somewhat Favorable News Coverage, Study Finds
Media coverage about HNI (NYSE:HNI) has been trending somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. HNI earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 43.950622923027 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
HNI (NYSE:HNI) opened at $38.43 on Tuesday. The stock has a market cap of $1,670.00, a price-to-earnings ratio of 25.79 and a beta of 1.49. HNI has a fifty-two week low of $31.16 and a fifty-two week high of $53.37. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.59.
HNI (NYSE:HNI) last posted its quarterly earnings results 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. The business had revenue of $599.50 million during the quarter, compared to analysts’ expectations of $585.07 million. HNI had a net margin of 3.08% and a return on equity of 21.09%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.80 earnings per share. sell-side analysts expect that HNI will post 1.94 EPS for the current year.
A number of equities research analysts recently commented on the stock. Rowe cut shares of HNI from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 24th. Raymond James Financial reissued a “market perform” rating on shares of HNI in a research report on Tuesday, October 24th. Finally, Zacks Investment Research cut shares of HNI from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $39.67.
In other news, Chairman Stanley A. Askren sold 6,111 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $33.66, for a total value of $205,696.26. Following the sale, the chairman now owns 214,750 shares in the company, valued at $7,228,485. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Stanley A. Askren sold 6,099 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $33.79, for a total transaction of $206,085.21. Following the completion of the sale, the chairman now owns 221,575 shares in the company, valued at approximately $7,487,019.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,375 shares of company stock valued at $1,336,121. Corporate insiders own 5.16% of the company’s stock.
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HNI 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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