Research Analysts Set Expectations for Hillenbrand, Inc.’s Q3 2022 Earnings (NYSE:HI)

Hillenbrand, Inc. (NYSE:HIGet Rating) – Research analysts at DA Davidson issued their Q3 2022 earnings per share (EPS) estimates for shares of Hillenbrand in a report released on Wednesday, May 11th. DA Davidson analyst M. Summerville expects that the company will post earnings of $0.86 per share for the quarter. DA Davidson has a “Buy” rating on the stock.

Hillenbrand (NYSE:HIGet Rating) last posted its earnings results 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. Hillenbrand had a return on equity of 22.71% and a net margin of 7.67%. The business had revenue of $742.00 million during the quarter, compared to analyst estimates of $728.05 million. During the same quarter last year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year.

Other research analysts also recently issued research reports about the company. StockNews.com downgraded Hillenbrand from a “strong-buy” rating to a “buy” rating in a report on Friday, April 29th. Zacks Investment Research downgraded Hillenbrand from a “buy” rating to a “hold” rating in a report on Monday, April 11th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $58.50.

HI stock opened at $40.67 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.95 and a current ratio of 1.38. Hillenbrand has a 1 year low of $40.03 and a 1 year high of $54.15. The firm has a market cap of $2.96 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 0.91 and a beta of 1.44. The stock has a 50-day simple moving average of $43.60 and a 200-day simple moving average of $46.83.

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Hillenbrand in the 4th quarter worth approximately $38,939,000. Deprince Race & Zollo Inc. bought a new stake in shares of Hillenbrand in the 3rd quarter worth approximately $20,743,000. National Bank of Canada FI bought a new stake in shares of Hillenbrand in the 4th quarter worth approximately $44,000. Jump Financial LLC bought a new stake in shares of Hillenbrand in the 3rd quarter worth approximately $405,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Hillenbrand by 71.1% in the 3rd quarter. Goldman Sachs Group Inc. now owns 354,985 shares of the company’s stock worth $15,140,000 after purchasing an additional 147,501 shares during the last quarter. 85.91% of the stock is currently owned by institutional investors.

The company 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. This represents a $0.87 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Wednesday, June 15th. Hillenbrand’s dividend payout ratio is presently 29.29%.

About Hillenbrand (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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