Hillenbrand Inc (NYSE:HI) announced its earnings results on Wednesday. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04, Bloomberg Earnings reports. The company had revenue of $442.90 million during the quarter, compared to analysts’ expectations of $427.45 million. Hillenbrand had a return on equity of 19.72% and a net margin of 7.87%. Hillenbrand’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the business posted $0.58 EPS.
Hillenbrand (NYSE:HI) traded up $4.05 on Thursday, reaching $42.35. The company’s stock had a trading volume of 574,868 shares, compared to its average volume of 261,692. The firm has a market capitalization of $2,410.00, a price-to-earnings ratio of 18.86 and a beta of 1.36. Hillenbrand has a 52 week low of $33.55 and a 52 week high of $42.65. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.03 and a current ratio of 1.39.
Several brokerages have recently issued reports on HI. B. Riley reiterated a “buy” rating on shares of Hillenbrand in a research note on Wednesday, November 1st. Capital One Financial Corporation started coverage on Hillenbrand in a research report on Monday, October 23rd. They set an “equal weight” rating on the stock. Zacks Investment Research lowered Hillenbrand from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, BidaskClub lowered Hillenbrand from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.00.
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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