FY2024 Earnings Forecast for Hillenbrand, Inc. (NYSE:HI) Issued By DA Davidson

Hillenbrand, Inc. (NYSE:HI) – Investment analysts at DA Davidson dropped their FY2024 earnings per share (EPS) estimates for shares of Hillenbrand in a report issued on Thursday, May 2nd. DA Davidson analyst M. Summerville now expects that the company will post earnings of $3.35 per share for the year, down from their prior forecast of $3.65. The consensus estimate for Hillenbrand’s current full-year earnings is $3.40 per share. DA Davidson also issued estimates for Hillenbrand’s FY2025 earnings at $4.00 EPS.

Hillenbrand Trading Up 1.3 %

NYSE:HI opened at $42.43 on Friday. The firm has a fifty day simple moving average of $47.92 and a two-hundred day simple moving average of $44.78. Hillenbrand has a 12 month low of $37.19 and a 12 month high of $53.76. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 35.07 and a beta of 1.49. The company has a current ratio of 1.34, a quick ratio of 0.79 and a debt-to-equity ratio of 1.24.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.01. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. The company had revenue of $785.30 million during the quarter, compared to analyst estimates of $801.55 million. During the same quarter in the previous year, the business posted $0.74 EPS. Hillenbrand’s revenue for the quarter was up 13.7% compared to the same quarter last year.

Hillenbrand Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.222 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Thursday, March 14th. Hillenbrand’s payout ratio is 73.55%.

Insider Buying and Selling

In other news, VP Nicholas R. Farrell sold 8,542 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $47.02, for a total transaction of $401,644.84. Following the transaction, the vice president now directly owns 41,951 shares of the company’s stock, valued at $1,972,536.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Hillenbrand news, CFO Robert M. Vanhimbergen bought 11,319 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $45.23 per share, for a total transaction of $511,958.37. Following the acquisition, the chief financial officer now directly owns 34,559 shares of the company’s stock, valued at approximately $1,563,103.57. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nicholas R. Farrell sold 8,542 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $47.02, for a total transaction of $401,644.84. Following the completion of the transaction, the vice president now directly owns 41,951 shares in the company, valued at approximately $1,972,536.02. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Institutional Trading of Hillenbrand

Several institutional investors and hedge funds have recently modified their holdings of the stock. GoalVest Advisory LLC bought a new stake in Hillenbrand during the fourth quarter worth $37,000. Transcendent Capital Group LLC purchased a new position in Hillenbrand during the 4th quarter worth $63,000. Greenleaf Trust bought a new stake in shares of Hillenbrand in the 1st quarter worth $200,000. Avantax Planning Partners Inc. purchased a new stake in shares of Hillenbrand in the third quarter valued at about $202,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Hillenbrand during the fourth quarter valued at about $203,000. 89.09% of the stock is owned by hedge funds and other institutional investors.

Hillenbrand Company Profile

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. 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, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.