Analysts See $0.81 EPS for HNI Corp (HNI)

September 17, 2017 - By Henry Gaston

 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 worsened, 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.
Price T Rowe Md invested in 312,605 shares. Blackrock Fund Advsrs has 2.65 million shares for 0.03% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 1,728 shares or 0% of its portfolio. Thrivent Fincl For Lutherans owns 7,650 shares for 0% of their portfolio. The Sweden-based Nordea Mgmt Ab has invested 0% in HNI Corp (NYSE:HNI). State Farm Mutual Automobile Insur has 0.59% invested in HNI Corp (NYSE:HNI). Barclays Public Ltd Com holds 0% in HNI Corp (NYSE:HNI) or 7,794 shares. Plante Moran Finance Advsr Ltd Limited Liability Company has 11 shares. Northern invested in 713,941 shares or 0.01% of the stock. Victory has 1,770 shares. Fifth Third Fincl Bank accumulated 0.01% or 25,526 shares. Legal & General Group Pcl has invested 0% in HNI Corp (NYSE:HNI). Meeder Asset Mngmt has 0.07% invested in HNI Corp (NYSE:HNI) for 13,877 shares. D E Shaw & Company Incorporated accumulated 5,494 shares. Brandywine Glob Investment Mngmt Llc holds 96,219 shares.

Since March 20, 2017, it had 0 insider buys, and 3 insider sales for $909,231 activity. 31,745 shares were sold by Bradford Steven M, worth $1.44 million.

Analysts await HNI Corp (NYSE:HNI) to report earnings on October, 18. They expect $0.81 EPS, up 1.25 % or $0.01 from last year’s $0.8 per share. HNI’s profit will be $35.66 million for 11.71 P/E if the $0.81 EPS becomes a reality. After $0.42 actual EPS reported by HNI Corp for the previous quarter, Wall Street now forecasts 92.86 % EPS growth. 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. Seaport Global initiated the shares of HNI in report on Friday, November 4 with “Neutral” rating. The firm earned “Neutral” rating on Saturday, January 7 by Sidoti. Raymond James downgraded the shares of HNI in report on Tuesday, September 20 to “Mkt Perform” rating. As per Wednesday, August 23, the company rating was upgraded by Raymond James.

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: Still Not Cheap Enough After A Troubling Quarter” on September 06, 2017, also Seekingalpha.com published article titled: “S&P MidCap 400 ‘Safer’ Dividend Dogs Chase HNI Corp. August One-Year Gains”, Prnewswire.com published: “HNI Corporation First Quarter Fiscal 2017 Results Conference Call” on March 21, 2017. More interesting news about HNI Corp (NYSE:HNI) was released by: Seekingalpha.com and their article: “HNI Corporation Stock Is Getting Close To Interesting” with publication date: May 22, 2017.

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