HNI Corp (HNI) Releases Earnings Results, Beats Expectations By $0.03 EPS

HNI Corp (HNI) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. HNI said it had a profit of $0.80 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.77. The company posted revenue of $584.63 million in the period, compared to analysts expectations of $583.70 million. HNI’s revenue was down -5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS.

Many Wall Street Analysts have commented on HNI Corp. HNI Corp was Downgraded by Raymond James to ” Mkt Perform” on Sep 20, 2016.

HNI Corp closed down -0.09 points or -0.24% at $37.54 with 1,30,865 shares getting traded on Friday. Post opening the session at $37.84, the shares hit an intraday low of $37.24 and an intraday high of $38.13 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 22, 2016, Ronald V Waters (director) sold 5,000 shares at $44.70 per share price. According to the SEC, on Aug 31, 2016, Jerald K Dittmer (Executive Vice President) sold 8,200 shares at $55.89 per share price. On Aug 30, 2016, Donald T Mead (Executive Vice President) sold 26,343 shares at $54.94 per share price, according to the Form-4 filing with the securities and exchange commission.

HNI Corporation (HNI) provides office furniture and hearth products. The Company manufactures and markets gas and wood burning fireplaces. The Company operates through two segments: office furniture and hearth products. The Company’s office furniture segment designs manufactures and markets a broad range of office furniture systems and seating across a range of price points. The Company’s products are sold under the various brands including HON Allsteel Maxon Gunlocke Paoli HBF artcobell Midwest Folding Products American Desk basyx by HON Lamex and ERGO as well as private labels. The Company’s hearth products segment offers products including gas wood and pellet burning fireplaces inserts stoves facings and accessories. The Company sells its products under the brands including Heatilator Heat & Glo Majestic Monessen Quadra-Fire Harman Stove Vermont Castings and PelPro.

HNI Corp

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