Hillman Solutions (NASDAQ:HLMN) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Hillman Solutions (NASDAQ:HLMN) announced its quarterly earnings results on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02, Briefing.com reports. The firm had revenue of $350.31 million for the quarter, compared to analyst estimates of $354.47 million. Hillman Solutions had a negative net margin of 0.65% and a positive return on equity of 6.88%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 EPS.

Hillman Solutions Stock Performance

Shares of NASDAQ:HLMN opened at $9.58 on Wednesday. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of -191.56 and a beta of 1.73. The firm’s 50 day simple moving average is $9.91 and its 200 day simple moving average is $8.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.46 and a quick ratio of 0.74. Hillman Solutions has a fifty-two week low of $6.02 and a fifty-two week high of $10.85.

Insider Buying and Selling at Hillman Solutions

In other news, Director John W. Swygert sold 7,207 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $9.74, for a total value of $70,196.18. Following the completion of the transaction, the director now owns 24,999 shares of the company’s stock, valued at approximately $243,490.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Hillman Solutions news, Director John W. Swygert sold 7,207 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $9.74, for a total value of $70,196.18. Following the completion of the transaction, the director now directly owns 24,999 shares of the company’s stock, valued at $243,490.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gary Seeds sold 163,975 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $9.53, for a total value of $1,562,681.75. Following the sale, the executive vice president now directly owns 294,722 shares in the company, valued at approximately $2,808,700.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 618,658 shares of company stock valued at $5,958,077. Corporate insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

HLMN has been the topic of a number of recent research reports. Canaccord Genuity Group lifted their price objective on Hillman Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Robert W. Baird lifted their price objective on Hillman Solutions from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday. Stifel Nicolaus reissued a “buy” rating and set a $16.00 price target (up from $14.00) on shares of Hillman Solutions in a report on Monday, April 1st. Finally, Barclays lifted their price objective on Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $11.54.

About Hillman Solutions

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.