Media stories about HNI Corporation (NYSE:HNI) have been trending positive on Sunday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. HNI Corporation earned a news impact score of 0.33 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 45.6610268598579 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- $0.81 EPS Expected for HNI Corporation (HNI) This Quarter (americanbankingnews.com)
- Capacit’e Infra IPO a huge hit, oversubscribed 183 times (timesofindia.indiatimes.com)
- HNI Corp. : HNI-US: Dividend Analysis : August 18th, 2017 (record date) : By the numbers : September 15, 2017 (finance.yahoo.com)
- Intersections (INTX) & HNI Corporation (HNI) Head to Head Analysis (americanbankingnews.com)
- HNI Corp. – Value Analysis (NYSE:HNI) : September 14, 2017 (finance.yahoo.com)
Several equities research analysts have issued reports on HNI shares. TheStreet lowered HNI Corporation from a “b-” rating to a “c+” rating in a research note on Tuesday, June 20th. Zacks Investment Research raised HNI Corporation from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Raymond James Financial, Inc. raised HNI Corporation from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research note on Wednesday, August 23rd. Citigroup Inc. raised HNI Corporation to an “outperform” rating and set a $42.00 price target for the company in a research note on Wednesday, August 23rd. Finally, UBS AG raised HNI Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $44.50.
Shares of HNI Corporation (HNI) traded up 2.02% during midday trading on Friday, reaching $37.93. The company’s stock had a trading volume of 346,599 shares. The company’s 50-day moving average price is $36.39 and its 200-day moving average price is $41.63. The company has a market cap of $1.67 billion, a PE ratio of 27.25 and a beta of 1.41. HNI Corporation has a 12 month low of $34.60 and a 12 month high of $56.94.
HNI Corporation (NYSE:HNI) last issued its quarterly earnings data on Monday, July 24th. The business services provider reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.01). The firm had revenue of $514.50 million for the quarter, compared to analysts’ expectations of $516.10 million. HNI Corporation had a net margin of 2.94% and a return on equity of 20.82%. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. On average, equities analysts anticipate that HNI Corporation will post $2.45 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Wednesday, August 16th. HNI Corporation’s payout ratio is 81.43%.
In related news, Chairman Stanley A. Askren sold 12,000 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $36.44, for a total value of $437,280.00. Following the completion of the transaction, the chairman now owns 216,996 shares of the company’s stock, valued at approximately $7,907,334.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.16% of the stock is currently owned by company insiders.
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About HNI Corporation
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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