Hillenbrand (NYSE:HI) Releases Q3 2024 Earnings Guidance

Hillenbrand (NYSE:HI) issued an update on its third quarter 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.800-0.850 for the period, compared to the consensus EPS estimate of 1.020. The company issued revenue guidance of -. Hillenbrand also updated its FY 2024 guidance to 3.300-3.500 EPS.

Hillenbrand Stock Down 3.7 %

Shares of Hillenbrand stock traded down $1.81 during trading hours on Tuesday, hitting $47.67. 313,838 shares of the company’s stock traded hands, compared to its average volume of 283,813. The company has a market cap of $3.34 billion, a PE ratio of 6.41 and a beta of 1.49. Hillenbrand has a twelve month low of $37.19 and a twelve month high of $53.76. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 1.18. The stock has a 50 day simple moving average of $48.16 and a 200-day simple moving average of $44.75.

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

Hillenbrand Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.222 per share. This represents a $0.89 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Thursday, March 14th. Hillenbrand’s dividend payout ratio (DPR) is 11.53%.

Insider Activity at Hillenbrand

In related news, CEO Kimberly K. Ryan acquired 5,600 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price of $44.94 per share, for a total transaction of $251,664.00. Following the completion of the purchase, the chief executive officer now directly owns 133,604 shares of the company’s stock, valued at $6,004,163.76. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Kimberly K. Ryan bought 5,600 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average cost of $44.94 per share, with a total value of $251,664.00. Following the completion of the acquisition, the chief executive officer now directly owns 133,604 shares in the company, valued at $6,004,163.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Nicholas R. Farrell sold 8,542 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $47.02, for a total transaction of $401,644.84. Following the completion of the sale, the vice president now owns 41,951 shares in the company, valued at $1,972,536.02. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by 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.