Revenue Update on HNI Corp(NYSE:HNI)

HNI Corp(NYSE:HNI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $536.54M. Analysts estimated a revenue of $535.90M. Earnings per share were $0.68. Analysts had estimated an EPS of $0.62.

HNI Corp (HNI) made into the market gainers list on Wednesdays trading session with the shares advancing 1.64% or 0.8 points. Due to strong positive momentum, the stock ended at $49.66, which is also near the day’s high of $49.98. The stock began the session at $49.21 and the volume stood at 1,23,029 shares. The 52-week high of the shares is $52.5175 and the 52 week low is $29.84. The company has a current market capitalization of $2,253 M and it has 4,53,75,427 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 25, 2016, Marco Molinari (Executive Vice President) sold 46,360 shares at $43.22 per share price.Also, On Apr 28, 2016, Bradley D Determan (Executive Vice President) sold 48,092 shares at $43.66 per share price.On Mar 12, 2015, Ronald V Waters (director) purchased 188 shares at $35.82 per share price, according to the Form-4 filing with the securities and exchange commission.

HNI Corporation (HNI) provides office furniture and hearth products. The Company manufactures and markets gas and wood burning fireplaces. The Company operates through two segments: office furniture and hearth products. The Company’s office furniture segment designs manufactures and markets a broad range of office furniture systems and seating across a range of price points. The Company’s products are sold under the various brands including HON Allsteel Maxon Gunlocke Paoli HBF artcobell Midwest Folding Products American Desk basyx by HON Lamex and ERGO as well as private labels. The Company’s hearth products segment offers products including gas wood and pellet burning fireplaces inserts stoves facings and accessories. The Company sells its products under the brands including Heatilator Heat & Glo Majestic Monessen Quadra-Fire Harman Stove Vermont Castings and PelPro.

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