Hamilton Beach Brands Holding Co (NYSE:HBB) Expected to Post Earnings of $0.54 Per Share

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Brokerages predict that Hamilton Beach Brands Holding Co (NYSE:HBB) will announce earnings per share of $0.54 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Hamilton Beach Brands’ earnings. Hamilton Beach Brands posted earnings per share of ($0.07) during the same quarter last year, which suggests a positive year over year growth rate of 871.4%. The business is scheduled to report its next earnings results on Wednesday, July 29th.

According to Zacks, analysts expect that Hamilton Beach Brands will report full-year earnings of $2.10 per share for the current fiscal year. For the next year, analysts forecast that the business will report earnings of $2.15 per share. Zacks’ EPS averages are a mean average based on a survey of research analysts that follow Hamilton Beach Brands.

Hamilton Beach Brands (NYSE:HBB) last released its earnings results on Thursday, July 23rd. The company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.19). Hamilton Beach Brands had a return on equity of 34.44% and a net margin of 3.06%. The business had revenue of $120.85 million for the quarter.

Separately, Zacks Investment Research upgraded Hamilton Beach Brands from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Tuesday, July 28th.

NYSE HBB opened at $15.20 on Friday. The business’s 50-day moving average price is $11.42 and its 200 day moving average price is $12.10. Hamilton Beach Brands has a twelve month low of $6.68 and a twelve month high of $21.22. The company has a market capitalization of $205.64 million, a PE ratio of 10.48 and a beta of 1.12. The company has a current ratio of 1.27, a quick ratio of 0.72 and a debt-to-equity ratio of 0.64.

A number of large investors have recently made changes to their positions in the business. Mackay Shields LLC acquired a new stake in Hamilton Beach Brands during the second quarter worth about $143,000. Strs Ohio increased its stake in Hamilton Beach Brands by 9.1% during the second quarter. Strs Ohio now owns 28,700 shares of the company’s stock worth $341,000 after acquiring an additional 2,400 shares during the last quarter. First Trust Advisors LP acquired a new stake in Hamilton Beach Brands during the second quarter worth about $130,000. Endurance Wealth Management Inc. increased its stake in Hamilton Beach Brands by 16.7% during the second quarter. Endurance Wealth Management Inc. now owns 7,000 shares of the company’s stock worth $83,000 after acquiring an additional 1,000 shares during the last quarter. Finally, State Street Corp increased its stake in Hamilton Beach Brands by 0.6% during the first quarter. State Street Corp now owns 147,405 shares of the company’s stock worth $1,402,000 after acquiring an additional 947 shares during the last quarter. Institutional investors own 36.89% of the company’s stock.

About Hamilton Beach Brands

Hamilton Beach Brands Holding Company, together with its subsidiaries, operates in the consumer, commercial, specialty small appliance, and specialty retail market in the United States and internationally. It designs, markets, and distributes a range of small branded electric household and specialty housewares small appliances, including blenders, can openers, coffeemakers, food processors, indoor electric grills, irons, mixers, slow cookers, toasters, and toaster ovens, as well as commercial products for restaurants, bars, and hotels under the Hamilton Beach Commercial and Proctor Silex Commercial brands.

See Also: What are Institutional Investors?

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