Hillenbrand Inc (NYSE:HI) – Analysts at FBR & Co issued their FY2017 earnings per share estimates for Hillenbrand in a research report issued to clients and investors on Tuesday. FBR & Co analyst L. Burke forecasts that the company will post earnings of $2.02 per share for the year. FBR & Co currently has a “Outperform” rating on the stock. FBR & Co also issued estimates for Hillenbrand’s FY2018 earnings at $2.17 EPS.
Hillenbrand (NYSE:HI) last issued its earnings results on Wednesday, May 3rd. The company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.05. The firm had revenue of $395.30 million for the quarter, compared to the consensus estimate of $389.43 million. Hillenbrand had a return on equity of 20.27% and a net margin of 7.85%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS.
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Separately, Zacks Investment Research cut shares of Hillenbrand from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th.
Shares of Hillenbrand (NYSE HI) opened at 35.95 on Friday. The firm has a market cap of $2.26 billion, a P/E ratio of 18.83 and a beta of 1.25. Hillenbrand has a one year low of $28.60 and a one year high of $39.00. The firm has a 50 day moving average price of $36.46 and a 200-day moving average price of $36.79.
The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 16th were paid a dividend of $0.205 per share. The ex-dividend date was Wednesday, June 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.28%. Hillenbrand’s dividend payout ratio is presently 43.16%.
In other news, Director David Fennell purchased 302,000 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was purchased at an average cost of $0.10 per share, with a total value of $30,200.00. Over the last ninety days, insiders have purchased 807,000 shares of company stock valued at $79,350. 1.74% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Hillenbrand by 157,614.4% in the first quarter. BlackRock Inc. now owns 7,772,165 shares of the company’s stock valued at $278,631,000 after buying an additional 7,767,237 shares during the period. Vanguard Group Inc. boosted its stake in Hillenbrand by 6.7% in the first quarter. Vanguard Group Inc. now owns 5,501,287 shares of the company’s stock valued at $197,221,000 after buying an additional 344,593 shares during the period. Janus Capital Management LLC boosted its stake in Hillenbrand by 153.9% in the first quarter. Janus Capital Management LLC now owns 2,052,612 shares of the company’s stock valued at $73,586,000 after buying an additional 1,244,197 shares during the period. Dimensional Fund Advisors LP boosted its stake in Hillenbrand by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,565,560 shares of the company’s stock valued at $56,125,000 after buying an additional 54,442 shares during the period. Finally, State Street Corp boosted its stake in Hillenbrand by 5.9% in the first quarter. State Street Corp now owns 1,451,269 shares of the company’s stock valued at $52,022,000 after buying an additional 80,769 shares during the period. 79.47% of the stock is owned by institutional investors.
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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