Hamilton Beach Brands Holding Co (NYSE:HBB) Expected to Post Earnings of $0.03 Per Share
Wall Street brokerages expect that Hamilton Beach Brands Holding Co (NYSE:HBB) will announce $0.03 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Hamilton Beach Brands’ earnings. Hamilton Beach Brands posted earnings per share of ($0.06) during the same quarter last year, which would suggest a positive year over year growth rate of 150%. The company is expected to announce its next quarterly earnings results on Wednesday, August 7th.
On average, analysts expect that Hamilton Beach Brands will report full-year earnings of $1.75 per share for the current year. For the next financial year, analysts anticipate that the company will report earnings of $1.85 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Hamilton Beach Brands.
Hamilton Beach Brands (NYSE:HBB) last announced its quarterly earnings results on Thursday, April 25th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.05). The company had revenue of $145.38 million during the quarter. Hamilton Beach Brands had a return on equity of 35.71% and a net margin of 2.76%.
HBB stock traded up $0.04 during mid-day trading on Thursday, hitting $16.44. The company had a trading volume of 1,383 shares, compared to its average volume of 33,099. The company has a market capitalization of $224.66 million, a P/E ratio of 10.35 and a beta of -0.04. Hamilton Beach Brands has a 12-month low of $15.78 and a 12-month high of $29.35. The company has a quick ratio of 0.59, a current ratio of 1.35 and a debt-to-equity ratio of 0.51. The firm’s 50-day moving average price is $17.81.
In other news, Director David F. Taplin sold 3,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $17.22, for a total transaction of $51,660.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gregory H. Trepp bought 6,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were acquired at an average price of $16.86 per share, for a total transaction of $101,160.00. The disclosure for this purchase can be found here. Insiders have bought a total of 10,861 shares of company stock worth $188,219 over the last 90 days. Corporate insiders own 33.12% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in HBB. Zuckerman Investment Group LLC grew its holdings in Hamilton Beach Brands by 19.1% during the 1st quarter. Zuckerman Investment Group LLC now owns 781,476 shares of the company’s stock valued at $16,770,000 after purchasing an additional 125,325 shares during the last quarter. FMR LLC grew its holdings in Hamilton Beach Brands by 29.3% during the 1st quarter. FMR LLC now owns 617,836 shares of the company’s stock valued at $13,259,000 after purchasing an additional 139,947 shares during the last quarter. Ancora Advisors LLC grew its holdings in Hamilton Beach Brands by 57.2% during the 4th quarter. Ancora Advisors LLC now owns 341,565 shares of the company’s stock valued at $8,013,000 after purchasing an additional 124,351 shares during the last quarter. Raymond James & Associates grew its holdings in Hamilton Beach Brands by 9.1% during the 1st quarter. Raymond James & Associates now owns 80,730 shares of the company’s stock valued at $1,732,000 after purchasing an additional 6,766 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Hamilton Beach Brands by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 76,028 shares of the company’s stock valued at $1,783,000 after purchasing an additional 3,592 shares during the last quarter. Hedge funds and other institutional investors own 36.34% of the company’s stock.
About Hamilton Beach Brands
Hamilton Beach Brands Holding Company, together with its subsidiaries, operates in the consumer, commercial, specialty small appliance, and specialty retail market in the United States and internationally. It designs, markets, and distributes a range of small branded electric household and specialty housewares small appliances, including blenders, can openers, coffeemakers, food processors, indoor electric grills, irons, mixers, slow cookers, toasters, and toaster ovens, as well as commercial products for restaurants, bars, and hotels under the Hamilton Beach Commercial and Proctor Silex Commercial brands.
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