Sidoti Research Analysts Reduce Earnings Estimates for HNI

HNI Corporation (NYSE:HNI) – Equities researchers at Sidoti decreased their FY2026 earnings per share estimates for shares of HNI in a report released on Friday, October 2nd. Sidoti analyst G. Burns now forecasts that the business services provider will post earnings of $4.19 per share for the year, down from their previous forecast of $4.24. The consensus estimate for HNI’s current full-year earnings is $4.19 per share. Sidoti also issued estimates for HNI’s Q2 2027 earnings at $1.12 EPS.

HNI (NYSE:HNI) last announced its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.27 EPS for the quarter, beating the consensus estimate of $1.04 by $0.23. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.48 billion. HNI had a net margin of 0.10% and a return on equity of 13.66%. HNI’s revenue for the quarter was up 120.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.11 EPS. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS.

A number of other equities research analysts have also recently commented on the stock. Weiss Ratings upgraded shares of HNI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 24th. Benchmark restated a “buy” rating on shares of HNI in a report on Wednesday, July 15th. Wall Street Zen upgraded HNI from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. Finally, Wells Fargo & Company set a $65.00 target price on HNI in a report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.00.

HNI Stock Down 0.7%

Shares of HNI stock opened at $46.43 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.88 and a current ratio of 1.36. The stock has a market capitalization of $3.35 billion, a PE ratio of 515.95, a price-to-earnings-growth ratio of 0.74 and a beta of 0.93. HNI has a 52-week low of $28.93 and a 52-week high of $52.79. The company has a 50-day simple moving average of $47.73 and a two-hundred day simple moving average of $39.88.

HNI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 28th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, August 28th. HNI’s dividend payout ratio (DPR) is presently 1,555.56%.

Insider Activity at HNI

In other news, CEO Jeffrey Lorenger sold 1,504 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $50.00, for a total transaction of $75,200.00. Following the completion of the transaction, the chief executive officer directly owned 148,490 shares of the company’s stock, valued at $7,424,500. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 95,138 shares of company stock valued at $4,648,587 in the last three months. Insiders own 2.15% of the company’s stock.

Institutional Investors Weigh In On HNI

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nykredit A S bought a new stake in HNI in the 2nd quarter worth approximately $36,000. Allworth Financial LP purchased a new position in shares of HNI in the 2nd quarter worth $50,000. Public Employees Retirement System of Ohio purchased a new position in shares of HNI in the 2nd quarter worth $78,000. denkapparat Operations GmbH purchased a new position in shares of HNI in the 2nd quarter worth $227,000. Finally, Baird Financial Group Inc. bought a new stake in shares of HNI in the second quarter worth $245,000. Hedge funds and other institutional investors own 75.26% of the company’s stock.

About HNI

HNI Corporation (NYSE:HNI) is a workplace and residential building products company headquartered in Muscatine, Iowa. Its workplace furnishings business designs and manufactures office furniture and related products, including desks, seating, tables, storage, architectural products and workplace accessories. The company serves businesses, government organizations, education institutions and other commercial customers through brands such as HON, Allsteel, Gunlocke, HBF and OFM.

HNI also operates Hearth & Home Technologies, a manufacturer of hearth products for residential and commercial applications.