HNI Corporation 600 East Second Street, Muscatine, Iowa 52761, Tel 563 272 7400, Fax 563 272 7347, hnicorp.com News Release HNI CORPORATION REPORTS THIRD QUARTER 2024 RESULTS Double-digit EPS growth fueled by profit transformation and synergy acceleration • Delivered strong third quarter EPS, GAAP $0.98 (+23% YoY) / non-GAAP $1.03 (+11% YoY) • Workplace Furnishings segment operating margin (GAAP and non-GAAP) reached a 20-year high • Residential Building Products segment profit grew in the third quarter des ...

HNI Corporation 600 East Second Street, Muscatine, Iowa 52761, Tel 563 272 7400, Fax 563 272 7347, www.hnicorp.com News Release HNI CORPORATION REPORTS SECOND QUARTER 2024 RESULTS Strong second quarter EPS fueled by Workplace Furnishings profit transformation, Kimball International accretion, and Residential Building Products actions MUSCATINE, Iowa (July 25, 2024) – HNI Corporation (NYSE: HNI) today announced net sales for the second quarter ended June 29, 2024 of $623.7 million and net income of $36.0 mil ...

Core Viewpoint - HNI has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive earnings outlook that could enhance its stock price [1][2]. Earnings Estimates and Business Outlook - The upgrade reflects an upward trend in earnings estimates, suggesting an improvement in HNI's underlying business [3][9]. - For the fiscal year ending December 2024, HNI is expected to earn $3.10 per share, representing a 17% increase from the previous year [9]. Zacks Rank System and Stock Performance - The Zacks Rank system effectively utilizes earnings estimate revisions to classify stocks, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - HNI's upgrade places it in the top 5% of Zacks-covered stocks based on estimate revisions, indicating potential for near-term stock price increases [5][10]. Institutional Investor Influence - Changes in earnings estimates significantly impact stock prices due to institutional investors using these estimates to calculate fair value, leading to buying or selling actions that affect stock movements [7].

What's Driving the Outperformance? For the current fiscal year, HNI is expected to post earnings of $3.10 per share on $2.65 billion in revenues. This represents a 16.98% change in EPS on an 8.92% change in revenues. For the next fiscal year, the company is expected to earn $3.62 per share on $2.75 billion in revenues. This represents a year-over-year change of 16.77% and 3.87%, respectively. HNI may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question ...

Based in Muscatine, HNI (HNI) is in the Business Services sector, and so far this year, shares have seen a price change of 12.65%. The maker of office furniture and fireplaces is currently shelling out a dividend of $0.33 per share, with a dividend yield of 2.8%. This compares to the Business - Office Products industry's yield of 3.05% and the S&P 500's yield of 1.57%. Looking at dividend growth, the company's current annualized dividend of $1.32 is up 3.1% from last year. Over the last 5 years, HNI has inc ...

Company Overview - HNI is headquartered in Muscatine and operates in the Business Services sector, specifically within the Business - Office Products industry [1] - The company has experienced a price change of 5.67% year-to-date and currently pays a dividend of $0.33 per share, resulting in a dividend yield of 2.99% [1] Dividend Analysis - HNI's current annualized dividend of $1.32 represents a 3.1% increase from the previous year [3] - Over the past five years, HNI has increased its dividend three times, averaging an annual increase of 1.40% [3] - The company's payout ratio stands at 45%, indicating that it distributes 45% of its trailing 12-month earnings per share as dividends [3] Investment Potential - HNI is recognized as an attractive dividend option and is rated with a Zacks Rank of 1 (Strong Buy), suggesting it is a compelling investment opportunity [4] - The Zacks Consensus Estimate for HNI's earnings in 2024 is projected at $3.10 per share, reflecting an expected earnings growth of 16.98% compared to the previous year [7]

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed b ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the s ...

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at HNI (HNI) , which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings ...

Have you been paying attention to shares of HNI (HNI) ? Shares have been on the move with the stock up 8.8% over the past month. The stock hit a new 52-week high of $46.02 in the previous session. HNI has gained 9.8% since the start of the year compared to the 6.1% move for the Zacks Business Services sector and the 4.9% return for the Zacks Business - Office Products industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings cons ...