Wall Street brokerages predict that HNI Corporation (NYSE:HNI) will report earnings of $0.81 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for HNI Corporation’s earnings. The highest EPS estimate is $0.81 and the lowest is $0.80. HNI Corporation reported earnings of $0.80 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 1.3%. The business is scheduled to report its next quarterly earnings report after the market closes on Monday, October 23rd.

According to Zacks, analysts expect that HNI Corporation will report full year earnings of $2.45 per share for the current financial year, with EPS estimates ranging from $2.44 to $2.45. For the next financial year, analysts expect that the firm will post earnings of $2.96 per share, with EPS estimates ranging from $2.90 to $3.02. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow HNI Corporation.

HNI Corporation (NYSE:HNI) last issued its quarterly earnings data on Monday, July 24th. The business services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The firm had revenue of $514.50 million during the quarter, compared to analyst estimates of $516.10 million. HNI Corporation had a return on equity of 20.82% and a net margin of 2.94%. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 EPS.

A number of analysts have weighed in on HNI shares. TheStreet downgraded shares of HNI Corporation from a “b-” rating to a “c+” rating in a report on Tuesday, June 20th. Raymond James Financial, Inc. raised shares of HNI Corporation from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a report on Wednesday, August 23rd. Citigroup Inc. raised shares of HNI Corporation to an “outperform” rating and set a $42.00 price target for the company in a report on Wednesday, August 23rd. BidaskClub downgraded shares of HNI Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, UBS AG raised shares of HNI Corporation from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $44.50.

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Shares of HNI Corporation (NYSE HNI) traded down 0.63% during midday trading on Wednesday, hitting $41.26. 53,198 shares of the stock were exchanged. HNI Corporation has a 12-month low of $34.60 and a 12-month high of $56.94. The stock’s 50 day moving average is $38.10 and its 200 day moving average is $40.97. The firm has a market cap of $1.82 billion, a P/E ratio of 29.64 and a beta of 1.46.

In other news, Chairman Stanley A. Askren sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $37.78, for a total transaction of $453,360.00. Following the completion of the transaction, the chairman now directly owns 216,996 shares of the company’s stock, valued at approximately $8,198,108.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.16% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of HNI Corporation by 7.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 277,050 shares of the business services provider’s stock worth $12,770,000 after acquiring an additional 19,771 shares during the period. SG Americas Securities LLC lifted its holdings in shares of HNI Corporation by 102.7% during the 2nd quarter. SG Americas Securities LLC now owns 13,877 shares of the business services provider’s stock worth $553,000 after acquiring an additional 7,031 shares during the period. Comerica Bank lifted its holdings in shares of HNI Corporation by 3.7% during the 1st quarter. Comerica Bank now owns 34,256 shares of the business services provider’s stock worth $1,618,000 after acquiring an additional 1,222 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of HNI Corporation by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,059,270 shares of the business services provider’s stock worth $48,820,000 after acquiring an additional 17,867 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of HNI Corporation by 52.6% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 7,597 shares of the business services provider’s stock worth $350,000 after acquiring an additional 2,617 shares during the period. 68.99% of the stock is owned by institutional investors.

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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