Hillenbrand Inc (NYSE:HI) – Research analysts at B. Riley issued their Q1 2018 earnings per share estimates for shares of Hillenbrand in a research note issued on Friday, according to Zacks Investment Research. B. Riley analyst L. Burke forecasts that the company will post earnings of $0.47 per share for the quarter. B. Riley has a “Buy” rating and a $50.00 price target on the stock. B. Riley also issued estimates for Hillenbrand’s Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.53 EPS, Q4 2018 earnings at $0.62 EPS and FY2019 earnings at $2.43 EPS.
Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, November 15th. The company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.04. The firm had revenue of $442.90 million during the quarter, compared to analysts’ expectations of $427.45 million. Hillenbrand had a return on equity of 19.26% and a net margin of 7.94%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm posted $0.58 EPS.
Several other equities research analysts have also recently commented on the company. Capital One Financial assumed coverage on Hillenbrand in a research note on Monday, October 23rd. They issued an “equal weight” rating for the company. Zacks Investment Research raised Hillenbrand from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $50.00.
Hillenbrand (HI) traded up $0.10 during midday trading on Monday, hitting $45.65. The stock had a trading volume of 321,529 shares, compared to its average volume of 276,438. The firm has a market cap of $2,900.00, a PE ratio of 21.93 and a beta of 1.41. Hillenbrand has a one year low of $34.65 and a one year high of $46.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.16 and a quick ratio of 0.86.
Several large investors have recently bought and sold shares of HI. Strs Ohio lifted its holdings in Hillenbrand by 50.0% during the second quarter. Strs Ohio now owns 3,000 shares of the company’s stock worth $108,000 after acquiring an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Hillenbrand by 9.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,226 shares of the company’s stock worth $116,000 after acquiring an additional 268 shares in the last quarter. IFP Advisors Inc lifted its holdings in Hillenbrand by 1.0% during the second quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock worth $130,000 after acquiring an additional 35 shares in the last quarter. Acrospire Investment Management LLC lifted its holdings in Hillenbrand by 164.2% during the second quarter. Acrospire Investment Management LLC now owns 3,701 shares of the company’s stock worth $134,000 after acquiring an additional 2,300 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in Hillenbrand by 6.5% during the second quarter. Public Employees Retirement System of Ohio now owns 3,771 shares of the company’s stock worth $136,000 after acquiring an additional 230 shares in the last quarter. Institutional investors and hedge funds own 76.36% of the company’s stock.
In other news, SVP Diane R. Bohman sold 6,873 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $43.50, for a total value of $298,975.50. Following the transaction, the senior vice president now directly owns 36,544 shares in the company, valued at approximately $1,589,664. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joe Anthony Raver sold 34,565 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $43.25, for a total value of $1,494,936.25. The disclosure for this sale can be found here. 1.74% of the stock is currently owned by company insiders.
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Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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