Hillman Solutions (NASDAQ:HLMN) Posts Earnings Results, Meets Estimates

Hillman Solutions (NASDAQ:HLMN) issued its quarterly earnings results on Tuesday. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16, Briefing.com reports. Hillman Solutions had a return on equity of 7.96% and a net margin of 0.41%. The firm had revenue of $393.30 million for the quarter, compared to analysts’ expectations of $389.50 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. Hillman Solutions updated its FY 2024 guidance to EPS.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $11.12 on Friday. The firm has a market capitalization of $2.18 billion, a P/E ratio of 278.00 and a beta of 1.65. The company has a quick ratio of 0.77, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The stock’s 50-day simple moving average is $10.36 and its two-hundred day simple moving average is $9.68. Hillman Solutions has a twelve month low of $6.02 and a twelve month high of $12.08.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HLMN shares. Benchmark reiterated a “buy” rating and set a $13.00 price objective on shares of Hillman Solutions in a research note on Thursday, August 8th. Barclays boosted their price objective on Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday. Canaccord Genuity Group boosted their price objective on Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Robert W. Baird boosted their price objective on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.92.

Hillman Solutions Company Profile

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.