Hillenbrand (NYSE:HI) Releases FY 2024 Earnings Guidance

Hillenbrand (NYSE:HI) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.200-3.300 for the period, compared to the consensus estimate of 3.350. The company issued revenue guidance of $3.1 billion-$3.2 billion, compared to the consensus revenue estimate of $3.3 billion. Hillenbrand also updated its FY24 guidance to $3.20-3.30 EPS.

Hillenbrand Stock Performance

HI stock traded down $1.13 during trading on Wednesday, hitting $38.00. 418,632 shares of the company traded hands, compared to its average volume of 346,659. Hillenbrand has a 1 year low of $37.19 and a 1 year high of $50.58. The company has a market cap of $2.67 billion, a PE ratio of 31.77 and a beta of 1.44. The stock’s 50-day simple moving average is $42.13 and its 200 day simple moving average is $45.21. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.34 and a quick ratio of 0.86.

Analyst Ratings Changes

Separately, KeyCorp began coverage on shares of Hillenbrand in a research note on Wednesday, July 10th. They issued an overweight rating and a $50.00 target price for the company.

About Hillenbrand

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.