HNI (HNI) Expected to Announce Earnings on Thursday

HNI (NYSE:HNI) is expected to release its earnings data before the market opens on Thursday, February 20th. Analysts expect HNI to post earnings of $0.74 per share and revenue of $657.03 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

HNI Price Performance

HNI opened at $49.28 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.09 and a quick ratio of 0.68. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 19.10, a P/E/G ratio of 1.13 and a beta of 0.90. The firm’s fifty day moving average price is $50.29 and its two-hundred day moving average price is $52.08. HNI has a 1 year low of $40.94 and a 1 year high of $58.42.

HNI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Monday, February 24th. HNI’s dividend payout ratio is 51.16%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of HNI from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st.

Insider Buying and Selling

In related news, Director Larry B. Porcellato sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $56.95, for a total value of $113,900.00. Following the transaction, the director now directly owns 37,880 shares of the company’s stock, valued at approximately $2,157,266. The trade was a 5.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.36% of the stock is owned by insiders.

HNI Company Profile

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands.