Hillenbrand (NYSE:HI) Updates Q1 2022 Earnings Guidance

Hillenbrand (NYSE:HI) updated its first quarter 2022 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.870-$0.940 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.810. The company issued revenue guidance of -.Hillenbrand also updated its FY 2022 guidance to $3.700-$4.000 EPS.

Several research firms recently weighed in on HI. Zacks Investment Research downgraded Hillenbrand from a buy rating to a hold rating in a report on Wednesday. TheStreet raised Hillenbrand from a c+ rating to a b rating in a report on Monday, November 15th. Finally, Barrington Research raised their price objective on Hillenbrand from $62.00 to $66.00 and gave the company an outperform rating in a report on Friday, November 19th.

Shares of HI stock traded down $1.05 during mid-day trading on Thursday, hitting $48.27. The company’s stock had a trading volume of 188,892 shares, compared to its average volume of 372,342. The stock’s fifty day simple moving average is $45.27. Hillenbrand has a 52 week low of $36.44 and a 52 week high of $52.84. The company has a current ratio of 1.39, a quick ratio of 0.99 and a debt-to-equity ratio of 0.98. The company has a market cap of $3.49 billion, a P/E ratio of 14.58, a PEG ratio of 1.08 and a beta of 1.51.

Hillenbrand (NYSE:HI) last issued its earnings results on Wednesday, November 17th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.10. Hillenbrand had a return on equity of 23.20% and a net margin of 8.72%. The business had revenue of $754.90 million during the quarter, compared to analyst estimates of $727.75 million. During the same period in the previous year, the company posted $0.92 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. On average, equities analysts forecast that Hillenbrand will post 3.79 EPS for the current year.

In other Hillenbrand news, insider Nicholas R. Farrell sold 3,697 shares of Hillenbrand stock in a transaction dated Monday, November 22nd. The stock was sold at an average price of $50.13, for a total transaction of $185,330.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.03% of the company’s stock.

A hedge fund recently raised its stake in Hillenbrand stock. Morgan Stanley boosted its position in Hillenbrand, Inc. (NYSE:HI) by 25.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 354,274 shares of the company’s stock after purchasing an additional 72,291 shares during the period. Morgan Stanley owned about 0.49% of Hillenbrand worth $15,615,000 as of its most recent SEC filing. Institutional investors own 86.29% of the company’s stock.

About Hillenbrand

Hillenbrand, Inc is a diversified industrial company, which engages in the development, manufacture, and sale of engineered industrial equipment. It operates through the following segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. Advanced Process Solutions segment designs, engineers, manufactures, markets, and services differentiated process and material handling equipment and systems for a wide variety of industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.

See Also: What is Cost of Goods Sold (COGS)?

Earnings History and Estimates for Hillenbrand (NYSE:HI)

Receive News & Ratings for Hillenbrand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand and related companies with MarketBeat.com's FREE daily email newsletter.