Hillenbrand (NYSE:HI) Updates Q3 2024 Earnings Guidance

Hillenbrand (NYSE:HI) issued an update on its third quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.800-0.850 for the period, compared to the consensus estimate of 1.020. The company issued revenue guidance of -. Hillenbrand also updated its FY 2024 guidance to 3.300-3.500 EPS.

Hillenbrand Price Performance

Shares of HI traded down $1.81 during midday trading on Tuesday, hitting $47.67. 313,838 shares of the company traded hands, compared to its average volume of 283,813. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.28 and a quick ratio of 0.79. The stock has a 50-day moving average of $48.16 and a 200-day moving average of $44.75. The firm has a market cap of $3.34 billion, a P/E ratio of 6.41 and a beta of 1.49. Hillenbrand has a one year low of $37.19 and a one year high of $53.76.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Hillenbrand had a net margin of 18.39% and a return on equity of 14.65%. The company had revenue of $773.30 million during the quarter, compared to analysts’ expectations of $776.40 million. As a group, sell-side analysts predict that Hillenbrand will post 3.72 EPS for the current fiscal year.

Hillenbrand Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.222 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.89 dividend on an annualized basis and a yield of 1.86%. Hillenbrand’s dividend payout ratio (DPR) is presently 11.53%.

Insider Transactions at Hillenbrand

In related news, CEO Kimberly K. Ryan purchased 5,600 shares of Hillenbrand stock in a transaction dated Friday, February 9th. The stock was purchased at an average cost of $44.94 per share, with a total value of $251,664.00. Following the transaction, the chief executive officer now owns 133,604 shares in the company, valued at approximately $6,004,163.76. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Kimberly K. Ryan acquired 5,600 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average price of $44.94 per share, with a total value of $251,664.00. Following the transaction, the chief executive officer now directly owns 133,604 shares in the company, valued at $6,004,163.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Nicholas R. Farrell sold 8,542 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $47.02, for a total transaction of $401,644.84. Following the transaction, the vice president now owns 41,951 shares of the company’s stock, valued at approximately $1,972,536.02. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

About Hillenbrand

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.