HNI (NYSE:HNI) updated its fourth quarter 2018 earnings guidance on Monday. The company provided earnings per share guidance of $0.91-1.01 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.04. HNI also updated its FY 2018 guidance to $2.35-2.45 EPS.

A number of brokerages have weighed in on HNI. ValuEngine downgraded shares of HNI from a hold rating to a sell rating in a research report on Tuesday, June 26th. TheStreet upgraded shares of HNI from a c+ rating to a b- rating in a research report on Tuesday, July 24th. Finally, Zacks Investment Research downgraded shares of HNI from a hold rating to a sell rating in a research report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of Hold.

Shares of HNI stock traded up $0.16 during trading hours on Monday, reaching $38.77. The stock had a trading volume of 163,580 shares, compared to its average volume of 173,668. The company has a market cap of $1.69 billion, a P/E ratio of 19.68 and a beta of 1.39. HNI has a twelve month low of $31.16 and a twelve month high of $45.40. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 1.23.

HNI (NYSE:HNI) last issued its quarterly earnings data on Monday, July 23rd. The business services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.10. The business had revenue of $543.60 million during the quarter, compared to the consensus estimate of $525.00 million. HNI had a net margin of 4.13% and a return on equity of 15.89%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Equities research analysts forecast that HNI will post 2.43 EPS for the current year.

In related news, Director Stanley A. Askren sold 15,000 shares of the company’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $44.03, for a total transaction of $660,450.00. Following the completion of the transaction, the director now owns 247,124 shares in the company, valued at approximately $10,880,869.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stanley A. Askren sold 25,212 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $42.70, for a total transaction of $1,076,552.40. Following the transaction, the director now owns 257,336 shares of the company’s stock, valued at approximately $10,988,247.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,424 shares of company stock valued at $2,852,585. Insiders own 4.90% of the company’s stock.

About HNI

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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