Hillenbrand (NYSE:HI) Posts Quarterly Earnings Results

Hillenbrand (NYSE:HI) announced its earnings results on Tuesday. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.75 by $0.01, Briefing.com reports. Hillenbrand had a net margin of 2.79% and a return on equity of 14.73%. The company had revenue of $785.30 million during the quarter, compared to analysts’ expectations of $801.55 million. During the same period last year, the company posted $0.74 earnings per share. The business’s revenue for the quarter was up 13.7% on a year-over-year basis.

Hillenbrand Trading Down 0.2 %

Shares of HI traded down $0.09 during midday trading on Thursday, hitting $41.34. The stock had a trading volume of 75,529 shares, compared to its average volume of 291,334. Hillenbrand has a fifty-two week low of $37.19 and a fifty-two week high of $53.76. The business has a 50-day simple moving average of $48.10 and a two-hundred day simple moving average of $44.78. The firm has a market cap of $2.90 billion, a P/E ratio of 34.28 and a beta of 1.49. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 1.18.

Hillenbrand Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.222 dividend. This represents a $0.89 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Thursday, March 14th. Hillenbrand’s payout ratio is 73.55%.

Insiders Place Their Bets

In related news, CEO Kimberly K. Ryan purchased 5,600 shares of Hillenbrand stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $44.94 per share, with a total value of $251,664.00. Following the completion of the transaction, the chief executive officer now directly owns 133,604 shares of the company’s stock, valued at $6,004,163.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Robert M. Vanhimbergen purchased 11,319 shares of Hillenbrand stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $45.23 per share, with a total value of $511,958.37. Following the completion of the transaction, the chief financial officer now directly owns 34,559 shares of the company’s stock, valued at $1,563,103.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kimberly K. Ryan acquired 5,600 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $44.94 per share, for a total transaction of $251,664.00. Following the transaction, the chief executive officer now owns 133,604 shares of the company’s stock, valued at approximately $6,004,163.76. The disclosure for this purchase can be found here. Corporate insiders own 1.80% of the company’s stock.

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.