Hillenbrand (NYSE:HI) Releases Q3 Earnings Guidance

Hillenbrand (NYSE:HI) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.80-$0.85 for the period, compared to the consensus estimate of $1.02. Hillenbrand also updated its FY 2024 guidance to 3.300-3.500 EPS.

Hillenbrand Stock Performance

Shares of HI traded down $1.81 during mid-day trading on Tuesday, hitting $47.67. The stock had a trading volume of 313,838 shares, compared to its average volume of 283,813. The firm has a market cap of $3.34 billion, a P/E ratio of 6.17 and a beta of 1.49. The business has a fifty day moving average price of $48.19 and a 200-day moving average price of $44.80. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.28 and a quick ratio of 0.79. Hillenbrand has a 52 week low of $37.19 and a 52 week high of $53.76.

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

Hillenbrand Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.222 per share. 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 payout ratio is 11.53%.

Insider Buying and Selling

In related news, VP Nicholas R. Farrell sold 8,542 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was 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 $1,972,536.02. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, VP Nicholas R. Farrell sold 8,542 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $47.02, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kimberly K. Ryan acquired 5,600 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was purchased at an average price of $44.94 per share, with a total value of $251,664.00. Following the completion of the acquisition, the chief executive officer now directly owns 133,604 shares in the company, valued at approximately $6,004,163.76. The disclosure for this purchase can be found here. 1.80% of the stock is owned by company insiders.

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.