Hillenbrand (NYSE:HI) updated its FY20 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.45-2.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.61. The company issued revenue guidance of $1.83-1.86 billion, compared to the consensus revenue estimate of $2.10 billion.
Several brokerages have issued reports on HI. Sidoti dropped their target price on shares of Hillenbrand from $54.00 to $52.00 and set a buy rating on the stock in a report on Tuesday. Zacks Investment Research cut shares of Hillenbrand from a hold rating to a sell rating in a report on Tuesday, August 6th. ValuEngine upgraded shares of Hillenbrand from a sell rating to a hold rating in a report on Wednesday, October 2nd. Finally, TheStreet cut shares of Hillenbrand from a b- rating to a c+ rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $49.33.
Shares of Hillenbrand stock opened at $32.75 on Friday. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 12.87 and a beta of 1.26. The firm’s 50-day moving average is $30.86 and its two-hundred day moving average is $33.84. Hillenbrand has a 1 year low of $26.01 and a 1 year high of $47.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 0.90.
Hillenbrand (NYSE:HI) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.03. The business had revenue of $485.80 million during the quarter, compared to analyst estimates of $475.88 million. Hillenbrand had a net margin of 6.72% and a return on equity of 20.09%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 earnings per share. On average, equities analysts expect that Hillenbrand will post 2.57 earnings per share for the current year.
Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.
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