Hillenbrand (NYSE:HI) Releases FY24 Earnings Guidance

Hillenbrand (NYSE:HI) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.30-$3.50 for the period, compared to the consensus estimate of $3.70. The company issued revenue guidance of $3.23-$3.30 billion, compared to the consensus revenue estimate of $3.33 billion. Hillenbrand also updated its FY 2024 guidance to 3.300-3.500 EPS.

Hillenbrand Price Performance

NYSE:HI traded down $1.81 during trading hours on Tuesday, hitting $47.67. The company’s stock had a trading volume of 313,838 shares, compared to its average volume of 283,813. The stock has a fifty day simple moving average of $48.16 and a 200-day simple moving average of $44.75. The company has a market capitalization of $3.34 billion, a P/E ratio of 6.41 and a beta of 1.49. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.28 and a quick ratio of 0.79. Hillenbrand has a twelve month low of $37.19 and a twelve month high of $53.76.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $773.30 million for the quarter, compared to analyst estimates of $776.40 million. Hillenbrand had a return on equity of 14.65% and a net margin of 18.39%. On average, analysts anticipate that Hillenbrand will post 3.72 EPS for the current fiscal year.

Hillenbrand Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.222 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.89 dividend on an annualized basis and a yield of 1.86%. Hillenbrand’s payout ratio is currently 11.53%.

Insiders Place Their Bets

In other Hillenbrand news, CFO Robert M. Vanhimbergen bought 11,319 shares of the stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $45.23 per share, for a total transaction of $511,958.37. Following the completion of the acquisition, the chief financial officer now owns 34,559 shares in the company, valued at approximately $1,563,103.57. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Robert M. Vanhimbergen bought 11,319 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $45.23 per share, with a total value of $511,958.37. Following the completion of the transaction, the chief financial officer now directly owns 34,559 shares in the company, valued at $1,563,103.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Nicholas R. Farrell sold 8,542 shares of Hillenbrand stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $47.02, for a total value of $401,644.84. Following the transaction, the vice president now directly owns 41,951 shares in the company, valued at approximately $1,972,536.02. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Hillenbrand Company Profile

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. 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, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; 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.