Hillenbrand (NYSE:HI) Releases FY22 Earnings Guidance

Hillenbrand (NYSE:HIGet Rating) updated its FY22 earnings guidance on Monday. The company provided EPS guidance of $3.80-4.00 for the period, compared to the consensus EPS estimate of $3.93. The company issued revenue guidance of $2, compared to the consensus revenue estimate of $2.92 billion.Hillenbrand also updated its FY 2022 guidance to $3.80-$4.00 EPS.

A number of research analysts have commented on the company. Zacks Investment Research downgraded Hillenbrand from a buy rating to a hold rating in a report on Monday, April 11th. StockNews.com downgraded Hillenbrand from a strong-buy rating to a buy rating in a report on Friday, April 29th. Finally, DA Davidson restated a buy rating on shares of Hillenbrand in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Hillenbrand currently has a consensus rating of Buy and an average price target of $58.50.

Shares of HI traded up $0.63 during trading hours on Thursday, hitting $41.30. 495,819 shares of the company were exchanged, compared to its average volume of 368,694. The company has a market capitalization of $3.01 billion, a PE ratio of 13.66, a PEG ratio of 0.91 and a beta of 1.44. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.38 and a quick ratio of 0.95. The firm has a fifty day simple moving average of $43.60 and a 200-day simple moving average of $46.83. Hillenbrand has a one year low of $40.03 and a one year high of $54.15.

Hillenbrand (NYSE:HIGet Rating) last released its quarterly earnings data on Monday, May 9th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.02. The firm had revenue of $742.00 million during the quarter, compared to analysts’ expectations of $728.05 million. Hillenbrand had a return on equity of 22.71% and a net margin of 7.67%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 earnings per share. Sell-side analysts expect that Hillenbrand will post 3.92 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th will be issued a dividend of $0.2175 per share. The ex-dividend date is Wednesday, June 15th. This represents a $0.87 annualized dividend and a yield of 2.11%. Hillenbrand’s dividend payout ratio (DPR) is currently 29.29%.

Several institutional investors have recently bought and sold shares of the company. Rhumbline Advisers increased its stake in shares of Hillenbrand by 3.7% in the first quarter. Rhumbline Advisers now owns 193,580 shares of the company’s stock worth $8,550,000 after purchasing an additional 6,834 shares during the period. MetLife Investment Management LLC increased its stake in shares of Hillenbrand by 54.0% in the first quarter. MetLife Investment Management LLC now owns 38,584 shares of the company’s stock worth $1,704,000 after purchasing an additional 13,527 shares during the period. Natixis Advisors L.P. increased its stake in Hillenbrand by 3.1% during the first quarter. Natixis Advisors L.P. now owns 11,557 shares of the company’s stock valued at $510,000 after acquiring an additional 346 shares during the period. Citigroup Inc. increased its stake in Hillenbrand by 4.7% during the first quarter. Citigroup Inc. now owns 70,026 shares of the company’s stock valued at $3,093,000 after acquiring an additional 3,131 shares during the period. Finally, Cetera Advisor Networks LLC increased its stake in Hillenbrand by 96.9% during the first quarter. Cetera Advisor Networks LLC now owns 8,679 shares of the company’s stock valued at $383,000 after acquiring an additional 4,272 shares during the period. Institutional investors and hedge funds own 85.91% of the company’s stock.

Hillenbrand Company Profile (Get Rating)

Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates through three segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. 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, as well as equipment system design; and screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.

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