Hillenbrand (NYSE:HI) Issues FY24 Earnings Guidance

Hillenbrand (NYSE:HI) updated its FY24 earnings guidance on Tuesday. 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 Stock Performance

Hillenbrand stock traded down $1.81 during mid-day trading on Tuesday, reaching $47.67. 313,838 shares of the company’s stock were exchanged, compared to its average volume of 283,813. The firm has a market capitalization of $3.34 billion, a PE ratio of 6.17 and a beta of 1.49. 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 business’s fifty day simple moving average is $48.19 and its 200 day simple moving average is $44.80. Hillenbrand has a one year low of $37.19 and a one year high of $53.76.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.69 EPS for the quarter, topping 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 business had revenue of $773.30 million for the quarter, compared to analyst estimates of $776.40 million. On average, sell-side analysts expect that Hillenbrand will post 3.72 earnings per share for the current year.

Hillenbrand Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.222 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.89 annualized dividend and a dividend yield of 1.86%. Hillenbrand’s payout ratio is 11.53%.

Insider Buying and Selling

In other Hillenbrand news, VP Nicholas R. Farrell sold 8,542 shares of Hillenbrand 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 owns 41,951 shares of the company’s stock, valued at approximately $1,972,536.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Hillenbrand news, CEO Kimberly K. Ryan acquired 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 completion of the transaction, the chief executive officer now owns 133,604 shares of the company’s stock, valued at approximately $6,004,163.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $401,644.84. Following the transaction, the vice president now owns 41,951 shares of the company’s stock, valued at $1,972,536.02. The disclosure for this sale can be found here. 1.80% of the stock is owned by 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.