Analysts Expect Hamilton Beach Brands Holding Co (HBB) to Post $1.50 Earnings Per Share
Hamilton Beach Brands Holding Co (NYSE:HBB) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Analysts have set a one year consensus target price of $26.00 for the company and are predicting that the company will post $1.50 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Hamilton Beach Brands an industry rank of 218 out of 257 based on the ratings given to related companies.
Separately, Zacks Investment Research raised Hamilton Beach Brands from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Wednesday, October 10th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zuckerman Investment Group LLC boosted its holdings in shares of Hamilton Beach Brands by 3.1% during the 3rd quarter. Zuckerman Investment Group LLC now owns 646,816 shares of the company’s stock valued at $14,191,000 after acquiring an additional 19,595 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Hamilton Beach Brands by 11.7% during the 3rd quarter. BlackRock Inc. now owns 575,374 shares of the company’s stock valued at $12,625,000 after acquiring an additional 60,400 shares in the last quarter. FMR LLC boosted its holdings in shares of Hamilton Beach Brands by 4.9% during the 2nd quarter. FMR LLC now owns 356,221 shares of the company’s stock valued at $10,348,000 after acquiring an additional 16,600 shares in the last quarter. Ancora Advisors LLC boosted its holdings in shares of Hamilton Beach Brands by 226.8% during the 3rd quarter. Ancora Advisors LLC now owns 217,214 shares of the company’s stock valued at $4,765,000 after acquiring an additional 150,742 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. acquired a new stake in shares of Hamilton Beach Brands during the 3rd quarter valued at $3,298,000. 39.05% of the stock is currently owned by institutional investors.
Shares of HBB stock traded down $1.07 during trading hours on Thursday, reaching $21.02. The company’s stock had a trading volume of 1,386 shares, compared to its average volume of 35,630. The company has a market cap of $319.19 million and a PE ratio of 13.09. Hamilton Beach Brands has a fifty-two week low of $18.03 and a fifty-two week high of $32.87. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.51 and a current ratio of 1.19.
Hamilton Beach Brands (NYSE:HBB) last issued its earnings results on Wednesday, October 31st. The company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.16. The firm had revenue of $196.90 million for the quarter. Hamilton Beach Brands had a return on equity of 51.86% and a net margin of 2.67%. On average, equities analysts predict that Hamilton Beach Brands will post 2 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Thursday, November 29th. Hamilton Beach Brands’s dividend payout ratio is presently 20.61%.
About Hamilton Beach Brands
Hamilton Beach Brands Holding Company, together with its subsidiaries, operates in the consumer, commercial, specialty small appliance, and specialty retail market in the United States and internationally. It designs, markets, and distributes a range of small branded electric household and specialty housewares small appliances, including blenders, can openers, coffeemakers, food processors, indoor electric grills, irons, mixers, slow cookers, toasters, and toaster ovens, as well as commercial products for restaurants, bars, and hotels under the under the Hamilton Beach, Proctor Silex brand names.
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