Somewhat Positive Media Coverage Somewhat Unlikely to Impact HNI (HNI) Stock Price
Headlines about HNI (NYSE:HNI) have been trending somewhat positive on Thursday, Accern reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. HNI earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 45.4803135187553 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s rankings:
- HNI Corporation (HNI) CEO Stanley A. Askren Sells 3,021 Shares (americanbankingnews.com)
- Insider Selling: HNI Corporation (HNI) CEO Sells 3,032 Shares of Stock (americanbankingnews.com)
- $565.00 Million in Sales Expected for HNI Corporation (HNI) This Quarter (americanbankingnews.com)
- $0.44 EPS Expected for HNI Corporation (HNI) This Quarter (americanbankingnews.com)
HNI (HNI) opened at $33.68 on Thursday. 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 a 52-week low of $31.16 and a 52-week high of $56.94. The stock has a market capitalization of $1,489.55, a P/E ratio of 14.78 and a beta of 1.50.
HNI (NYSE:HNI) last released its quarterly earnings results on Monday, October 23rd. The business services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.02. The business had revenue of $599.50 million for the quarter, compared to analysts’ expectations of $585.07 million. HNI had a return on equity of 21.09% and a net margin of 3.08%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS. sell-side analysts forecast that HNI will post 1.94 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 20th were issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Friday, November 17th. HNI’s dividend payout ratio is currently 76.00%.
Several equities analysts have issued reports on the company. BidaskClub cut HNI from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Citigroup upgraded HNI to an “outperform” rating and set a $42.00 target price on the stock in a research report on Wednesday, August 23rd. UBS upgraded HNI from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 23rd. Raymond James Financial upgraded HNI from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research report on Wednesday, August 23rd. Finally, Rowe cut HNI from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. HNI currently has a consensus rating of “Hold” and an average target price of $44.50.
In related news, CEO Stanley A. Askren sold 3,032 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $34.62, for a total value of $104,967.84. Following the sale, the chief executive officer now owns 213,020 shares in the company, valued at approximately $7,374,752.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Stanley A. Askren sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $42.42, for a total value of $509,040.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,053 shares of company stock worth $1,173,314. Insiders own 5.16% of the company’s stock.
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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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