HNI Corp (NYSE: HNI) has reported earnings for its second fiscal quarter (ending June 30) of $0.76 versus a loss $-0.30 for the same period a year ago. Relative to the consensus estimate of $0.61, this was a premium of $0.15. For the latest four quarters through June 30, E.P.S. were $2.44 compared to $1.65 a year ago — an increase of 48%.
Recent Price Action
HNI Corp (NYSE: HNI) stock closed at $53.94 on 7/25/24 after a major increase of 10.4%. Moreover, this advance was accompanied by exceptionally high trading volume at 323% of normal. Relative to the market the stock has been strong over the last nine months and has risen 9.8% during the last week.
Current PriceTarget Research Rating
HNI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
HNI has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. HNI has a slightly negative Appreciation Score of 38 but a good Power Rating of 83, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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