$0.81 EPS Expected for HNI Corp (HNI)

September 17, 2017 - By Vivian Park

 $0.81 EPS Expected for HNI Corp (HNI)
Investors sentiment decreased to 1.36 in 2016 Q4. Its down 0.11, from 1.47 in 2016Q3. It fall, as 25 investors sold HNI Corp shares while 42 reduced holdings. 30 funds opened positions while 61 raised stakes. 29.35 million shares or 1.80% less from 29.89 million shares in 2016Q3 were reported.
3,580 are owned by Teacher Retirement Sys Of Texas. Moreover, California Employees Retirement System has 0.01% invested in HNI Corp (NYSE:HNI) for 123,500 shares. Deprince Race & Zollo accumulated 16,972 shares or 0.02% of the stock. Bank & Trust Of Montreal Can has 0% invested in HNI Corp (NYSE:HNI) for 3,789 shares. Los Angeles Capital Mngmt Equity has invested 0% in HNI Corp (NYSE:HNI). Voya Investment Limited Company has 18,984 shares for 0% of their portfolio. Ny State Teachers Retirement reported 0.01% of its portfolio in HNI Corp (NYSE:HNI). Menta Cap Limited Liability Corp reported 31,811 shares stake. Tower Cap Ltd Liability Co (Trc) holds 0% of its portfolio in HNI Corp (NYSE:HNI) for 44 shares. Mufg Americas, New York-based fund reported 427 shares. Meeder Asset holds 0.07% or 13,877 shares in its portfolio. Alliancebernstein Lp invested 0% in HNI Corp (NYSE:HNI). Morgan Stanley invested 0% in HNI Corp (NYSE:HNI). Goldman Sachs Group, a New York-based fund reported 192,981 shares. Merriman Wealth Mgmt Limited Liability has invested 1.53% in HNI Corp (NYSE:HNI).

Since March 20, 2017, it had 0 buys, and 3 insider sales for $909,231 activity. 31,745 shares were sold by Bradford Steven M, worth $1.44M.

Investors wait HNI Corp (NYSE:HNI) to report on October, 18. its quarterly earnings Wall Street analysts expect $0.81 earnings per share, up $0.01 or 1.25 % from last year’s $0.8 same quarter earnings. This translates into $35.66 million profit for HNI giving the stock a 11.71 P/E. This is assuming the current $0.81 EPS is accurate. HNI Corp’s Wall Street analysts see 92.86 % EPS growth, taking into account the $0.42 EPS reproted in the previous quarter, The stock increased 2.02% or $0.75 on September 15, reaching $37.93. About 346,599 shares traded or 54.22% up from the average. HNI Corp (NYSE:HNI) has risen 0.38% since September 17, 2016 and is uptrending. It has underperformed by 16.32% the S&P500.

HNI Corp (NYSE:HNI) Ratings Coverage

Among 3 analysts covering HNI (NYSE:HNI), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. HNI had 4 analyst reports since September 20, 2016 according to SRatingsIntel. Raymond James downgraded HNI Corp (NYSE:HNI) on Tuesday, September 20 to “Mkt Perform” rating. Sidoti initiated HNI Corp (NYSE:HNI) on Saturday, January 7 with “Neutral” rating. The firm earned “Neutral” rating on Friday, November 4 by Seaport Global. The company was upgraded on Wednesday, August 23 by Raymond James.

HNI Corporation is a provider of office furniture and hearth products. The company has market cap of $1.67 billion. The Company’s office furniture products include panel and freestanding furniture systems, seating, storage and tables. It has a 27.31 P/E ratio. The Company’s divisions include office furniture and hearth products.

More important recent HNI Corp (NYSE:HNI) news were published by: Prnewswire.com which released: “HNI Corporation First Quarter Fiscal 2017 Results Conference Call” on March 21, 2017, also Seekingalpha.com published article titled: “S&P MidCap 400 ‘Safer’ Dividend Dogs Chase HNI Corp. August One-Year Gains”, Seekingalpha.com published: “HNI Corporation Stock Is Getting Close To Interesting” on May 22, 2017. More interesting news about HNI Corp (NYSE:HNI) was released by: Seekingalpha.com and their article: “HNI Corporation: Still Not Cheap Enough After A Troubling Quarter” with publication date: September 06, 2017.

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