Equities Analysts Offer Predictions for HNI Q3 Earnings

HNI Corporation (NYSE:HNI) – Research analysts at Sidoti decreased their Q3 2026 EPS estimates for shares of HNI in a research note issued on Thursday, February 26th. Sidoti analyst G. Burns now expects that the business services provider will post earnings of $1.43 per share for the quarter, down from their prior estimate of $1.49. The consensus estimate for HNI’s current full-year earnings is $3.60 per share. Sidoti also issued estimates for HNI’s Q4 2026 earnings at $1.23 EPS, FY2026 earnings at $4.06 EPS, Q2 2027 earnings at $1.14 EPS, Q3 2027 earnings at $1.63 EPS, Q4 2027 earnings at $1.41 EPS and FY2027 earnings at $4.94 EPS.

A number of other analysts have also weighed in on HNI. Weiss Ratings upgraded HNI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 3rd. Wall Street Zen lowered HNI from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Benchmark reaffirmed a “buy” rating on shares of HNI in a research report on Friday, January 16th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

HNI Price Performance

Shares of HNI stock opened at $45.00 on Friday. The stock has a 50 day moving average price of $46.70 and a 200 day moving average price of $44.50. HNI has a 52-week low of $38.03 and a 52-week high of $53.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.85 and a current ratio of 1.24. The firm has a market capitalization of $2.06 billion, a P/E ratio of 36.00, a P/E/G ratio of 0.55 and a beta of 0.94.

HNI (NYSE:HNI) last posted its quarterly earnings data on Wednesday, February 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.08). The company had revenue of $888.40 million during the quarter, compared to the consensus estimate of $693.78 million. HNI had a net margin of 1.91% and a return on equity of 15.80%. HNI’s revenue for the quarter was up 38.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.87 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Entropy Technologies LP increased its holdings in shares of HNI by 10.5% during the 4th quarter. Entropy Technologies LP now owns 15,935 shares of the business services provider’s stock valued at $670,000 after purchasing an additional 1,508 shares in the last quarter. New York State Common Retirement Fund grew its position in HNI by 31.7% during the fourth quarter. New York State Common Retirement Fund now owns 21,301 shares of the business services provider’s stock valued at $895,000 after buying an additional 5,125 shares during the period. Cooke & Bieler LP increased its holdings in HNI by 23.0% in the fourth quarter. Cooke & Bieler LP now owns 754,493 shares of the business services provider’s stock valued at $31,719,000 after buying an additional 140,971 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of HNI by 53.0% in the fourth quarter. Handelsbanken Fonder AB now owns 16,716 shares of the business services provider’s stock worth $703,000 after acquiring an additional 5,790 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of HNI by 167.4% during the 4th quarter. SG Americas Securities LLC now owns 42,621 shares of the business services provider’s stock worth $1,792,000 after acquiring an additional 26,683 shares in the last quarter. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

HNI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, March 2nd. HNI’s payout ratio is presently 108.80%.

Key Headlines Impacting HNI

Here are the key news stories impacting HNI this week:

• Positive Sentiment: Analyst upgrade and bullish coverage — Zacks upgraded HNI to a Zacks Rank #2 (Buy), and published a separate bullish piece highlighting three growth drivers that could produce above‑average returns, which may support buying interest. All You Need to Know About HNI (HNI) Rating Upgrade to Buy
• Positive Sentiment: Longer‑term estimate revisions stack up — Sidoti raised several FY2026 and FY2027 estimates (FY2026 to ~$4.06 and FY2027 to ~$4.94 EPS) and bumped some quarterly forecasts, implying stronger mid‑cycle earnings power if guidance and synergies are realized.
• Neutral Sentiment: Mixed near‑term estimates from Sidoti — while Sidoti boosted some quarters, they also trimmed estimates for other quarters (e.g., cuts to certain Q3 estimates), producing a mixed short‑term outlook that tempers conviction on the near‑term stock move.
• Neutral Sentiment: Earnings call highlights growth and synergies — management emphasized growth and cost synergies tied to the Steelcase acquisition and a $120M synergy target that supports multi‑year EPS acceleration; investors will be watching execution. HNI Corp Earnings Call Highlights Growth And Synergies
• Negative Sentiment: EPS miss and market reaction — Q4 EPS came in at $0.83 vs. consensus $0.91 despite revenue of $888.4M (a large beat); the EPS shortfall and slim net margin drove a sharp near‑term selloff. HNI signals fifth year of double‑digit EPS growth with $120M synergy target following Steelcase acquisition
• Negative Sentiment: Headline selloff coverage — commentary highlighting the drop (~9.6% on the day of the release) has amplified downside momentum and volatility as investors digest the mixed message of revenue strength versus earnings softness. Why HNI Corporation’s (HNI) Stock Is Down 9.59%

About HNI

HNI Corporation, founded in 1944 as the Heating & Novelty Company and headquartered in Muscatine, Iowa, is a leading manufacturer of office furniture and hearth products. Over its history, the company has evolved from producing gas heaters into two primary business segments: Office Furniture and Hearth & Home. HNI’s Office Furniture division operates under well-known brands such as The HON Company, Allsteel, Gunlocke and Kimball, offering a comprehensive portfolio of workstations, seating, tables, storage solutions and acoustic products tailored for corporate, education, healthcare and government markets.

In its Hearth & Home segment, HNI designs, manufactures and distributes fireplaces, stoves, fireplace inserts, logs and related accessories.