Hillenbrand (NYSE:HI) Issues FY 2024 Earnings Guidance

Hillenbrand (NYSE:HI) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 3.300-3.500 for the period, compared to the consensus EPS estimate of 3.700. The company issued revenue guidance of $3.2 billion-$3.3 billion, compared to the consensus revenue estimate of $3.3 billion. Hillenbrand also updated its FY24 guidance to $3.30-$3.50 EPS.

Hillenbrand Price Performance

NYSE:HI traded down $1.81 on Tuesday, reaching $47.67. 313,838 shares of the company’s stock traded hands, compared to its average volume of 283,813. The firm has a market cap of $3.34 billion, a PE ratio of 6.17 and a beta of 1.49. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 1.18. The stock has a 50-day simple moving average of $48.19 and a 200-day simple moving average of $44.80. Hillenbrand has a 12 month low of $37.19 and a 12 month high of $53.76.

Hillenbrand (NYSE:HI) last issued its earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. Hillenbrand had a return on equity of 14.65% and a net margin of 18.39%. The company had revenue of $773.30 million for the quarter, compared to the consensus estimate of $776.40 million. Equities research analysts forecast that Hillenbrand will post 3.72 earnings per share for the current year.

Hillenbrand Cuts Dividend

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

Insider Buying and Selling at Hillenbrand

In other news, CEO Kimberly K. Ryan bought 5,600 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $44.94 per share, for a total transaction of $251,664.00. Following the completion of the transaction, the chief executive officer now owns 133,604 shares of the company’s stock, valued at $6,004,163.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Kimberly K. Ryan bought 5,600 shares of the stock in a transaction dated Friday, February 9th. The stock was purchased at an average cost of $44.94 per share, for a total transaction of $251,664.00. Following the transaction, the chief executive officer now owns 133,604 shares of the company’s stock, valued at $6,004,163.76. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Nicholas R. Farrell sold 8,542 shares of the business’s stock in a transaction 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 completion of the sale, the vice president now owns 41,951 shares in the company, valued at approximately $1,972,536.02. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

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.