HNI Corporation (NYSE:HNI – Get Free Report) declared a quarterly dividend on Wednesday, November 11th. Shareholders of record on Monday, November 23rd will be paid a dividend of $0.35 per share by the business services provider on Tuesday, December 1st. This represents a $1.40 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, November 23rd.
HNI has a dividend payout ratio of 34.9% meaning its dividend is sufficiently covered by earnings. Analysts expect HNI to earn $4.71 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 29.7%.
HNI Stock Down 0.5%
HNI stock opened at $49.01 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.71. HNI has a twelve month low of $28.93 and a twelve month high of $52.79. The company’s 50 day moving average is $47.33 and its two-hundred day moving average is $42.06. The stock has a market cap of $3.54 billion, a P/E ratio of 111.39, a PEG ratio of 0.76 and a beta of 0.94.
HNI (NYSE:HNI – Get Free Report) last issued its earnings results on Tuesday, November 3rd. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.23. HNI had a net margin of 1.00% and a return on equity of 15.39%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the prior year, the business posted $0.88 EPS. The company’s revenue for the quarter was up 132.9% on a year-over-year basis. Research analysts expect that HNI will post 4.35 earnings per share for the current fiscal year.
Analyst Ratings Changes
HNI has been the topic of several research reports. Wall Street Zen raised HNI from a “hold” rating to a “buy” rating in a report on Saturday, September 12th. Wells Fargo & Company set a $65.00 target price on HNI in a research report on Wednesday, July 15th. Weiss Ratings upgraded HNI from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, November 4th. Finally, Benchmark reiterated a “buy” rating on shares of HNI in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.
View Our Latest Stock Analysis on HNI
HNI Company Profile
HNI Corporation is a workplace furnishings and residential building products company. Its workplace furnishings business designs and manufactures office furniture and related products for businesses, government organizations, educational institutions and other customers. Its portfolio includes brands such as HON, Allsteel and Gunlocke, with products ranging from office seating and desks to workstations and storage. HNI also makes fireplaces, stoves and related hearth products through brands including Heat & Glo, Heatilator, Majestic, Harman and Quadra-Fire.
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