HNI (NYSE:HNI) released its earnings results on Thursday. The business services provider reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.05, Bloomberg Earnings reports. The firm had revenue of $584.30 million during the quarter, compared to analyst estimates of $567.83 million. HNI had a net margin of 3.08% and a return on equity of 21.09%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 EPS. HNI updated its Q1 guidance to $0.01-0.06 EPS and its FY18 guidance to $2.40-2.80 EPS.
HNI (NYSE HNI) traded up $2.42 during midday trading on Friday, reaching $37.65. 402,386 shares of the company were exchanged, compared to its average volume of 184,408. The company has a market capitalization of $1,529.94, a PE ratio of 25.10 and a beta of 1.44. HNI has a twelve month low of $31.16 and a twelve month high of $48.32. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.08.
HNI has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of HNI from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Rowe downgraded shares of HNI from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 24th. Finally, Raymond James Financial restated a “market perform” rating on shares of HNI in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $42.00.
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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