Hillenbrand (NYSE:HI) Updates Q3 2022 Earnings Guidance

Hillenbrand (NYSE:HIGet Rating) issued an update on its third quarter 2022 earnings guidance on Monday morning. The company provided earnings per share guidance of $0.83-$0.90 for the period, compared to the consensus earnings per share estimate of $0.97. The company issued revenue guidance of -.Hillenbrand also updated its FY 2022 guidance to $3.80-$4.00 EPS.

HI stock opened at $41.56 on Monday. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 15.51, a P/E/G ratio of 0.89 and a beta of 1.44. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.95 and a current ratio of 1.41. The business’s 50-day moving average is $43.39 and its two-hundred day moving average is $46.77. Hillenbrand has a fifty-two week low of $40.03 and a fifty-two week high of $54.15.

Hillenbrand (NYSE:HIGet Rating) last released its quarterly earnings results on Monday, May 9th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.99 by $0.02. Hillenbrand had a net margin of 6.80% and a return on equity of 22.51%. The firm had revenue of $742.00 million during the quarter, compared to analyst estimates of $728.05 million. During the same quarter in the prior year, the firm earned $0.98 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts predict that Hillenbrand will post 3.9 earnings per share for the current year.

The firm 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 dividend on an annualized basis and a yield of 2.09%. Hillenbrand’s dividend payout ratio is currently 32.46%.

A number of brokerages have recently issued reports on HI. DA Davidson reissued a buy rating on shares of Hillenbrand in a research report on Wednesday, May 11th. Zacks Investment Research raised Hillenbrand from a hold rating to a buy rating and set a $46.00 price target for the company in a report on Friday. Finally, StockNews.com upgraded Hillenbrand from a buy rating to a strong-buy rating in a research report on Thursday. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hillenbrand has a consensus rating of Buy and a consensus target price of $56.00.

A number of hedge funds have recently bought and sold shares of HI. Goldman Sachs Group Inc. lifted its holdings in shares of Hillenbrand by 115.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 764,485 shares of the company’s stock worth $39,745,000 after buying an additional 409,500 shares in the last quarter. BlackRock Inc. lifted its stake in Hillenbrand by 2.7% in the 4th quarter. BlackRock Inc. now owns 11,643,487 shares of the company’s stock worth $605,346,000 after purchasing an additional 309,881 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Hillenbrand by 428.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 311,872 shares of the company’s stock worth $14,217,000 after purchasing an additional 252,835 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Hillenbrand by 25.6% during the 2nd quarter. Morgan Stanley now owns 354,274 shares of the company’s stock valued at $15,615,000 after purchasing an additional 72,291 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Hillenbrand by 5.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,346,908 shares of the company’s stock valued at $59,497,000 after purchasing an additional 63,938 shares in the last quarter. 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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