Hillenbrand (NYSE:HI) Issues FY24 Earnings Guidance

Hillenbrand (NYSE:HI) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.30-$3.50 for the period, compared to the consensus EPS estimate of $3.70. The company issued revenue guidance of $3.23-$3.30 billion, compared to the consensus revenue estimate of $3.33 billion. Hillenbrand also updated its FY 2024 guidance to 3.300-3.500 EPS.

Hillenbrand Price Performance

Shares of Hillenbrand stock traded down $1.81 during trading on Tuesday, reaching $47.67. 313,838 shares of the stock traded hands, compared to its average volume of 283,813. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 6.41 and a beta of 1.49. Hillenbrand has a 52-week low of $37.19 and a 52-week high of $53.76. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.28 and a quick ratio of 0.79. The business has a fifty day simple moving average of $48.16 and a two-hundred day simple moving average of $44.75.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Hillenbrand had a net margin of 18.39% and a return on equity of 14.65%. The firm had revenue of $773.30 million during the quarter, compared to the consensus estimate of $776.40 million. Sell-side analysts expect that Hillenbrand will post 3.72 EPS for the current year.

Hillenbrand Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.222 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.86%. Hillenbrand’s dividend payout ratio (DPR) is currently 11.53%.

Insider Buying and Selling

In related news, VP Nicholas R. Farrell sold 8,542 shares of the company’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 owns 41,951 shares in the company, valued at approximately $1,972,536.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Hillenbrand news, CEO Kimberly K. Ryan bought 5,600 shares of Hillenbrand stock in a transaction on Friday, February 9th. The stock was purchased at an average cost of $44.94 per share, for a total transaction of $251,664.00. Following the completion of the purchase, the chief executive officer now directly owns 133,604 shares of the company’s stock, valued at $6,004,163.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Nicholas R. Farrell sold 8,542 shares of Hillenbrand stock in a transaction that occurred on 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. Insiders own 1.80% of the company’s stock.

About Hillenbrand

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.