Media coverage about HNI Corporation (NYSE:HNI) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. HNI Corporation earned a news sentiment score of 0.02 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 48.2054016215547 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- HNI Corporation (HNI) Lowered to Strong Sell at BidaskClub (americanbankingnews.com)
- Financial Survey: Cott Corporation (COT) and HNI Corporation (HNI) (americanbankingnews.com)
- Hni Corp Shares Down 31.9% Since SmarTrend’s Sell Call (HNI) (mysmartrend.com)
- Elliott Aviation Hires Mindy Zumdome as Vice President of Talent and Culture (aviationpros.com)
- Furniture Manufacturer To Create 60 Jobs In Polk County (patch.com)
Several research firms have commented on HNI. BidaskClub cut shares of HNI Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday. TheStreet cut shares of HNI Corporation from a “b-” rating to a “c+” rating in a research note on Tuesday, June 20th. Finally, Zacks Investment Research lowered shares of HNI Corporation from a “hold” rating to a “sell” rating in a research report on Monday, April 24th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $47.00.
HNI Corporation (NYSE:HNI) opened at 35.05 on Friday. The stock’s 50 day moving average is $37.77 and its 200 day moving average is $43.07. HNI Corporation has a 52-week low of $34.60 and a 52-week high of $56.96. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 25.18 and a beta of 1.41.
HNI Corporation (NYSE:HNI) last announced its quarterly earnings data on Monday, July 24th. The business services provider reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The firm had revenue of $514.50 million for the quarter, compared to the consensus estimate of $516.10 million. HNI Corporation had a return on equity of 20.82% and a net margin of 2.94%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. Equities research analysts forecast that HNI Corporation will post $2.45 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be paid a $0.285 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.25%. HNI Corporation’s dividend payout ratio (DPR) is presently 81.43%.
In other news, Chairman Stanley A. Askren sold 11,264 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $46.01, for a total value of $518,256.64. Following the completion of the sale, the chairman now directly owns 204,996 shares of the company’s stock, valued at approximately $9,431,865.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.16% of the company’s stock.
HNI Corporation Company Profile
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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