Hillenbrand (NYSE:HI) Announces Earnings Results

Hillenbrand (NYSE:HI) issued its quarterly earnings results on Tuesday. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01, Briefing.com reports. The business had revenue of $785.30 million for the quarter, compared to analysts’ expectations of $801.55 million. Hillenbrand had a net margin of 18.39% and a return on equity of 14.65%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.74 earnings per share.

Hillenbrand Trading Down 14.3 %

HI traded down $6.82 during trading on Wednesday, reaching $40.90. 617,227 shares of the stock traded hands, compared to its average volume of 287,482. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $2.87 billion, a PE ratio of 5.36 and a beta of 1.49. The stock’s 50-day moving average is $48.19 and its 200 day moving average is $44.80. Hillenbrand has a 12 month low of $37.19 and a 12 month high of $53.76.

Hillenbrand Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given 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 yield of 2.17%. Hillenbrand’s dividend payout ratio (DPR) is currently 11.53%.

Insider Buying and Selling at Hillenbrand

In related news, CEO Kimberly K. Ryan acquired 5,600 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were bought at an average price of $44.94 per share, with a total value of $251,664.00. Following the transaction, 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 is available at the SEC website. In other Hillenbrand news, CEO Kimberly K. Ryan bought 5,600 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $44.94 per share, for a total transaction of $251,664.00. Following the acquisition, the chief executive officer now directly owns 133,604 shares of the company’s stock, valued at approximately $6,004,163.76. 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 company’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 sale, the vice president now 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.