HNI Corporation (NYSE:HNI) is reporting third quarter earnings results on Monday 19th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.46 per share.
For the full year, analysts predict revenues of $ 1893.25 million, while looking forward to income of $ 1.47 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,300.00 million ~ $ 2,350.00 million, where as bottomline are predicted in a range of $ 2.60 ~ $ 2.90 per share
Click Here For More Historical Outlooks Of HNI Corporation
Previous Quarter Performance
HNI Corporation announced income for the second quarter of $ 0.20 per share, from the revenue of $ 417.46 million. The quarterly earnings fell 44.44 percent while revenues down 20.64 percent compared with the same quarter last year.
Street analysts expected HNI Corporation to report loss of $ 0.31 per share on revenue of $ 379.94 million for the second quarter. The bottom line results beat street analysts by $ 0.51 or 164.52 percent, at the same time, top line results outshined analysts by $ 37.52 million or 9.88 percent.
Stock Performance
On Friday, shares of HNI Corporation has traded high as $ 36.10 and has cracked $ 35.24 on the downward trend, reaching $ 36.03 with volume of 216.30 thousand shares.
According to the previous trading day, closing price of $ 36.03, representing a 114.69 % increase from the 52 week low of $ 16.61 and a 16.88 % decrease over the 52 week high of $ 42.90.
The company has a market capital of $ 1.54 billion and is part of the Industrials sector and Business Equipment industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Sidoti at Neutral rating, with $ 31.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.305 per share on August 3, 2020. The dividend were payable on September 1, 2020 to holders of record as of the close of business on August 14, 2020 and ex-dividend date on August 13, 2020.
Conference Call
HNI Corporation will be hosting a conference call at 2:00 PM eastern time on 19th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hnicorp.com
HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Singapore, and Taiwan. Its Office Furniture segment offers a range of commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, HBF, OFM, Lamex, and HNI India brands. This segment sells its products through independent dealers, wholesalers, and office product distributors, as well as directly to end-user customers; and federal, state, and local governments.
