Analysts See $0.81 EPS for HNI Corp (HNI)

September 17, 2017 - By Darrin Black

 Analysts See $0.81 EPS for HNI Corp (HNI)
Investors sentiment decreased to 1.36 in 2016 Q4. Its down 0.11, from 1.47 in 2016Q3. It dived, 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.
Gotham Asset Mngmt Limited Company owns 0.02% invested in HNI Corp (NYSE:HNI) for 34,115 shares. 44 were accumulated by Tower Rech Capital Limited Liability Corporation (Trc). Barclays Public Limited Com holds 0% or 7,794 shares in its portfolio. Creative Planning stated it has 700 shares. Fifth Third Financial Bank holds 25,526 shares or 0.01% of its portfolio. Riverhead Management Limited Com has invested 0.01% in HNI Corp (NYSE:HNI). Kennedy Mngmt Incorporated reported 0.15% in HNI Corp (NYSE:HNI). Ls Invest Advsr Llc holds 3,082 shares or 0.01% of its portfolio. State Street, Massachusetts-based fund reported 1.41M shares. Amalgamated Retail Bank invested in 6,222 shares. Swiss Savings Bank reported 72,100 shares. Northwestern Mutual Wealth Mngmt reported 0% stake. Sta Wealth Mgmt Ltd Liability Co owns 4,440 shares for 0.11% of their portfolio. Edge Asset Mngmt Inc accumulated 238,829 shares. The Louisiana-based Louisiana State Employees Retirement System has invested 0.03% in HNI Corp (NYSE:HNI).

Since March 20, 2017, it had 0 buys, and 3 sales for $909,231 activity. Shares for $248,400 were sold by ASKREN STANLEY A on Friday, March 31. $1.44M worth of stock was sold by Bradford Steven M on Monday, March 20.

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. The rating was downgraded by Raymond James to “Mkt Perform” on Tuesday, September 20. The stock of HNI Corp (NYSE:HNI) earned “Neutral” rating by Sidoti on Saturday, January 7. As per Wednesday, August 23, the company rating was upgraded by Raymond James. The company was initiated on Friday, November 4 by Seaport Global.

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: Seekingalpha.com which released: “HNI Corporation Stock Is Getting Close To Interesting” on May 22, 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: Still Not Cheap Enough After A Troubling Quarter” on September 06, 2017. More interesting news about HNI Corp (NYSE:HNI) was released by: Prnewswire.com and their article: “HNI Corporation First Quarter Fiscal 2017 Results Conference Call” with publication date: March 21, 2017.

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