HNI (NYSE:HNI) updated its FY18 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $2.35-$2.45 for the period, compared to the Thomson Reuters consensus estimate of $2.43. HNI also updated its FY 2018 guidance to $2.35-2.45 EPS.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of HNI from a hold rating to a sell rating in a research report on Thursday, July 26th. TheStreet raised shares of HNI from a c+ rating to a b- rating in a research report on Tuesday, July 24th. Finally, ValuEngine raised shares of HNI from a hold rating to a buy rating in a research report on Wednesday, July 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold.

Shares of HNI stock opened at $41.04 on Tuesday. The company has a market capitalization of $1.69 billion, a PE ratio of 20.83 and a beta of 1.39. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56. HNI has a 52-week low of $31.16 and a 52-week high of $45.40.

HNI (NYSE:HNI) last released its earnings results on Monday, October 22nd. The business services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. The company had revenue of $611.10 million during the quarter, compared to analysts’ expectations of $618.27 million. HNI had a net margin of 4.13% and a return on equity of 15.89%. HNI’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the business earned $0.82 EPS. On average, equities research analysts expect that HNI will post 2.43 earnings per share for the current fiscal year.

In related news, Director Stanley A. Askren sold 15,000 shares of HNI stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $44.03, for a total value of $660,450.00. Following the completion of the sale, the director now directly owns 247,124 shares in the company, valued at approximately $10,880,869.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stanley A. Askren sold 25,212 shares of HNI stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $42.56, for a total transaction of $1,073,022.72. Following the completion of the sale, the director now owns 257,908 shares of the company’s stock, valued at $10,976,564.48. The disclosure for this sale can be found here. Insiders sold a total of 65,424 shares of company stock valued at $2,810,025 over the last quarter. 4.90% of the stock is owned by company insiders.

HNI Company Profile

HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, and Taiwan. The company's Office Furniture segment offers a range of metal and wood commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, HBF, OFM, basyx by HON, Lamex, and HNI India brands.

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