Hillenbrand (NYSE:HI) Announces Earnings Results

Hillenbrand (NYSE:HI) posted its quarterly earnings data on Wednesday. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.06, Briefing.com reports. The firm had revenue of $762.80 million during the quarter, compared to the consensus estimate of $742.11 million. Hillenbrand had a net margin of 20.16% and a return on equity of 16.27%. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.05 EPS. Hillenbrand updated its Q1 guidance to $0.66-0.71 EPS and its FY24 guidance to $3.60-3.95 EPS.

Hillenbrand Trading Up 0.9 %

Shares of NYSE HI opened at $40.63 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.86 and a current ratio of 1.34. Hillenbrand has a 52-week low of $37.19 and a 52-week high of $53.76. The firm has a 50 day moving average price of $40.94 and a two-hundred day moving average price of $46.34. The stock has a market cap of $2.84 billion, a P/E ratio of 5.00 and a beta of 1.51.

Hillenbrand Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Thursday, September 14th. Hillenbrand’s dividend payout ratio (DPR) is currently 10.82%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Hillenbrand from a “buy” rating to a “hold” rating in a report on Thursday, October 19th.

Institutional Investors Weigh In On Hillenbrand

Large investors have recently modified their holdings of the company. Belpointe Asset Management LLC increased its position in shares of Hillenbrand by 94.4% during the first quarter. Belpointe Asset Management LLC now owns 700 shares of the company’s stock worth $33,000 after buying an additional 340 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Hillenbrand by 63.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 793 shares of the company’s stock worth $34,000 after buying an additional 308 shares during the period. First Capital Advisors Group LLC. bought a new position in Hillenbrand during the second quarter worth $48,000. Lazard Asset Management LLC bought a new position in Hillenbrand during the third quarter worth $50,000. Finally, Cubist Systematic Strategies LLC bought a new position in Hillenbrand during the third quarter worth $112,000. 89.12% of the stock is currently owned by institutional investors and hedge funds.

About Hillenbrand

Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, as well as offers equipment system design services; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.