Revenue Update on Hillenbrand(NYSE:HI)

Hillenbrand(NYSE:HI) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $371.00M. Analysts estimated a revenue of $406.70M. Earnings per share were $0.53. Analysts had estimated an EPS of $0.52.

Hillenbrand (HI) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.10% at a volume of 2,23,686. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.91. The peak price level was also seen at $31.91 while the days lowest was $31.41. Finally the shares closed at $31.54. The 52-week high of the shares is $33.165 while the 52-week low is $24.12. According to the latest information available, the market cap of the company is $1,991 M.

Several Insider Transactions has been reported to the SEC. On Jul 13, 2016, Diane R Bohman (Sr VP, Chief Adm Officer) sold 9,576 shares at $32.00 per share price.Also, On Jul 13, 2016, Christopher H Trainor (Senior Vice President) sold 6,504 shares at $32.00 per share price.On May 31, 2016, Joe Anthony Raver (President and CEO) sold 31,610 shares at $31.02 per share price, according to the Form-4 filing with the securities and exchange commission.

Hillenbrand Inc. is a global diversified industrial company that makes and sells business-to-business products and services for a variety of industries. The Company has two segments: the Process Equipment Group and Batesville. The Process Equipment Group has multiple brands of process and material handling equipment and systems serving a variety of industries worldwide. The Process Equipment Group product portfolio includes products and services for compounding extrusion and material handling; crushing and sizing and screening and separating. Batesville is engaged in the North American death care industry where it has been designing manufacturing distributing and selling funeral service products and solutions.

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