Hillman Solutions (NASDAQ:HLMN – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16, Briefing.com reports. The firm had revenue of $393.30 million for the quarter, compared to the consensus estimate of $389.50 million. Hillman Solutions had a return on equity of 7.96% and a net margin of 0.41%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 EPS. Hillman Solutions updated its FY 2024 guidance to EPS.
Hillman Solutions Stock Up 1.3 %
Shares of NASDAQ HLMN traded up $0.15 during trading hours on Thursday, hitting $11.29. The stock had a trading volume of 54,786 shares, compared to its average volume of 889,759. The company has a market capitalization of $2.22 billion, a P/E ratio of 371.46 and a beta of 1.65. The firm’s 50-day moving average price is $10.33 and its two-hundred day moving average price is $9.67. Hillman Solutions has a 52 week low of $6.02 and a 52 week high of $12.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.77 and a current ratio of 2.32.
Wall Street Analyst Weigh In
HLMN has been the topic of several recent analyst reports. Barclays boosted their price objective on Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday. Benchmark reaffirmed a “buy” rating and set a $13.00 target price on shares of Hillman Solutions in a research note on Thursday, August 8th. Robert W. Baird lifted their target price on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Canaccord Genuity Group lifted their target price on Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hillman Solutions has an average rating of “Moderate Buy” and an average target price of $12.92.
About Hillman Solutions
Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.
Featured Articles
- Five stocks we like better than Hillman Solutions
- What Are Trending Stocks? Trending Stocks Explained
- Breakout Alert: Qualcomm Just Hit The Rally Button
- Profitably Trade Stocks at 52-Week Highs
- Mercado Libre Shares Go on Sale: Is Now the Time to Buy?
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Atlassian Is Up +60% in Three Months—What’s Causing the Rally?
Receive News & Ratings for Hillman Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillman Solutions and related companies with MarketBeat.com's FREE daily email newsletter.