Hillenbrand (NYSE:HI) Stock, Quote.Headers.trade-ideas

Hillenbrand

Hillenbrand Inc is a U.S.-based company that operates through three segments. The Advanced Process Solutions segment designs, develops, manufactures, and services engineered industrial equipment. The Molding Technology Solutions segment offers engineered and customized systems in plastic technology and processing. Batesville designs provides, and markets funeral services and solutions.

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KeyBanc analyst Jeffrey D. Hammond initiates coverage on Hillenbrand, forecasting a positive re-rating as the company navigates cyclical challenges and aims to achieve its updated FY24 guidance, setting the stage for FY25 momentum.

Hillenbrand Will Be Able To Achieve Its Updated Guidance, Setting Stage For FY25: Analyst

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Why AMD Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

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CHWY

Although U.S. stocks closed higher on Thursday, there were a few notable insider trades.

Insiders Buying Chewy And 2 Other Stocks

Hillenbrand Inc

Hibbett Inc Com

Direxion Daily S&P 500 High Beta Bull 3X Shares

Direxion Daily S&P 500 High Beta Bear 3X Shares

Hiblocks

HICL INFRASTRUCTURE PLC by HICL INFRASTRUCTURE PLC

Alpha Architect High Inflation and Deflation ETF

AB Active ETFs, Inc. AB US High Dividend ETF

Miller/Howard High Income Equity Fund Common Shares of Beneficial Interest

Miller/Howard High Income Equity Fund

Hingham Institution for Savings - Common Stock

Hingham Institution for Savings

Hartford Financial Services Group, Inc. (The) Common Stock

The Hartford Financial Services Group Inc

H.I.G. Acquisition Corp. II

Simplify Exchange Traded Funds Simplify Enhanced Income ETF

Highstreet - United States Dollar

HI-GREAT GROUP HLDG CO by Hi-Great Group Holding Co.

Hi-Great Group Holding Co

Hartford Financial Services Group, Inc. (The) Depositary Shares each representing a 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series G, $0.01 par value

HOLIDAY ISLAND HLDGS INC by Holiday Island Holdings, Inc.

Holiday Island Holdings Inc

HOWKINGTECH INTL HLDG LTD by HOWKINGTECH INTL HLDG LTD.

Howkingtech International Holding Ltd

Highway Holdings Ltd

Huntington Ingalls Industries, Inc. Common Stock

Huntington Ingalls Industries Inc

HIDILI INDS I/D UNSP/ADR by Hidili Industry International Development Ltd.

Hidili Industry International Development Ltd

HOLLUND INDL MARINE by Hollund Industrial Marine, Inc.

Hollund Industrial Marine Inc

Hims & Hers Health, Inc. Class A Common Stock

Hims & Hers Health Inc

Himax Technologies, Inc. - American depositary shares, each of which represents two ordinary shares.

Himax Technologies Inc

Heineken NV

Hino Motors Ltd

HYPROP INVESTMENTS by Hyprop Investments Ltd.

Western Asset High Income Opportunity Fund, Inc. Common Stock

Western Asset High Income Oppor Fd Inc

AMERICAN PRM WATER CRP by American Premium Water Corporation

American Premium Water Corp

Hippo Holdings Inc

GraniteShares HIPS US High Income ETF

HIRE TECHNOLOGIES INC by Hire Technologies Inc.

Hire Technologies Inc

Hiru Corp

HISENSE KELON ELECTR HLDG by Hisense Kelon Electrical Holdings Co Ltd.

Hisense Home Appliances Group Co Ltd

First Trust High Income Strategic Focus ETF

H.I.S. Co Ltd

HI SUN GROUP LTD by Hi Sun Technology China Ltd.

Hi Sun Technology (China) Ltd

HEALTHCARE INTEGRTED TECH by Healthcare Integrated Technologies Inc.

Healthcare Integrated Technologies Inc

HOUSTON INTERWEB DESIGN by Houston InterWeb Design, Inc.

HIWIN TECHNOLOGIES CORP by HIWIN TECHNOLOGIES CORP.

High Tide Inc

HERO INTL USA HLDG CORP by Hero International USA Holding Corp.

HIVE Digital Technologies Ltd - Common Shares

HIVE Digital Technologies Ltd

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Highwoods Properties Inc

Western Asset High Income Fund II Inc. Common Stock

Western Asset High Income Fund II Inc

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HITACHI ZOSEN CORP by Hitachi Zosen Corp.

Hitachi Zosen Corp

KeyBanc Capital Markets analyst Jeffrey D. Hammond initiated coverage on Hillenbrand Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>)<a target="_blank" href="https://www.benzinga.com/quote/HI/analyst-ratings" rel="noreferrer noopener"> with a price forecast of $50.</a>
Per Hammond, HI shares are discounting the significant transformation the company has made over the last two years, and despite near term cyclical concerns, the analyst sees a path for<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener"> HI shares to re-rate higher.</a>
As the company proves its FY24 framework and enters a more normalized operating environment, investors will become more comfortable with the new and improved HI, the analyst adds.
During FY23 and early FY24, the analyst observes a slowdown in short-cycle hot-runners, with a higher proportion of longer-cycle, lower-margin injection molding machines impacting margins unfavorably.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39713229/whats-going-on-with-mastercard-shares-today" rel="noreferrer noopener">What&#8217;s Going On With Mastercard Shares Today?</a>
This trend is expected to reverse through the remainder of FY24, approaching long-term targets by FY26.
While current cyclical dynamics remain choppy, the analyst sees signs of leading indicators coming off trough levels, which should begin to show through on the MTS business and its implied F2H24 ramp.
All in, while somewhat concerned about the cycle, the analyst projects that HI will ultimately be able to achieve its updated FY guide, which will set the stage for momentum into FY25.
In a <a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38534327/hillenbrand-reports-fiscal-second-quarter-2024-results" rel="noreferrer noopener">press release dated April 30</a>, HI had said it expects adjusted EPS of $3.30 &#8211; $3.50 (prior view: $3.60 &#8211; $3.95). The analyst sees FY24 EPS of $3.35, with<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> revenues of $3.253 billion</a>.
Price Action: HI shares are trading higher by 6.79% to $40.56 at last check Wednesday.
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WIIM

Hillenbrand shares are trading higher after Keybanc initiated coverage on the stock with an Overweight rating and a $50 price target.

Keybanc analyst Jeffrey Hammond initiates coverage on Hillenbrand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) with a Overweight rating and announces Price Target of $50.

Keybanc Initiates Coverage On Hillenbrand with Overweight Rating, Announces Price Target of $50

Shares of Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) fell sharply during Wednesday's session as the company reported first-quarter results and issued revenue <a href="https://www.benzinga.com/news/earnings/24/04/38534910/amd-investors-pull-back-after-modest-q1-beat-ceo-touts-ai-chip-ramp-up">guidance for the second quarter</a>.
AMD guided to second-quarter revenue of $5.7 billion plus or minus $300 million and a non-GAAP gross margin of about 53% against Street estimates of $5.7 billion in second-quarter revenue. Street expectations for fiscal year 2024 are for earnings of $3.40 per share and revenue of $24.13 billion, respectively, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Advanced Micro Devices shares dipped 6.9% to $147.44 on Wednesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>CytomX Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTMX#NASDAQ">CTMX</a>) shares jumped 97.5% to $3.2199. CytomX Therapeutics will report first quarter 2024 results and issue an initial CX-904 Phase 1a clinical data update on May 8.</li>
<li>IM Cannabis Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMCC#NASDAQ">IMCC</a>) gained 41.3% to $1.2150 after jumping around 54% on Tuesday.</li>
<li>Akanda Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAN#NASDAQ">AKAN</a>) gained 39.5% to $0.1295. Shares of cannabis-related stocks traded higher following reports suggesting the DEA plans to reclassify cannabis as a less dangerous drug.</li>
<li>Getaround, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETR#NYSE">GETR</a>) rose 35% to $0.2741 after the company announced it secured up to $50 million in additional financing.</li>
<li>Rocky Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCKY#NASDAQ">RCKY</a>) gained 31.6% to $33.93 after the company reported better-than-expected quarterly financial results.</li>
<li>Palisade Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PALI#NASDAQ">PALI</a>) shares climbed 28% to $7.72 after the company announced completion of its analysis to determine the effects of bioactivated PALI-2108 on TNF-α production in a whole blood assay.</li>
<li>TransMedics Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMDX#NASDAQ">TMDX</a>) shares rose 28% to $120.26 after the company raised its 2024 guidance.</li>
<li>Surmodics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRDX#NASDAQ">SRDX</a>) gained 27.2% to $32.69 following strong quarterly results.</li>
<li>DecisionPoint Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPSI#NASDAQ">DPSI</a>) rose 24.6% to $10.03 as the company agreed to go private in all-cash transaction.</li>
<li>CareDx, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNA#NASDAQ">CDNA</a>) rose 23.4% to $9.59. CareDx is expected to report financial results for the first quarter 2024 after the closing bell on Thursday, May 9.</li>
<li>Powell Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) jumped 23.2% to $176.16 after the company reported better-than-expected second-quarter financial results.</li>
<li>TG Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGTX#NASDAQ">TGTX</a>) rose 21.7% to $16.64 following a first-quarter revenue beat and increased 2024 Briumvi US net product revenue outlook.</li>
<li>New York Community Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) climbed 20% to $3.1887 following quarterly results.</li>
<li>Bio-Techne Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TECH#NASDAQ">TECH</a>) jumped 20.1% to $75.89 following upbeat quarterly results.</li>
<li>Inari Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NARI#NASDAQ">NARI</a>) shares gained 19.1% to $44.47 after the company reported better-than-expected first-quarter sales results and issued FY24 revenue guidance above estimates.</li>
<li>LendingClub Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LC#NYSE">LC</a>) gained 18% to $8.87.</li>
<li>A10 Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATEN#NYSE">ATEN</a>) gained 17.7% to $15.38 following better-than-expected quarterly results.</li>
<li>Pinterest, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) rose 17.5% to $39.29 following strong first-quarter earnings and upbeat second-quarter guidance.</li>
<li>Root, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) shares climbed 17.2% to $81.66 after the company reported better-than-expected first-quarter financial results.</li>
<li>LendingClub Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LC#NYSE">LC</a>) gained 17.2% to $8.82 following upbeat earnings.</li>
<li>UFP Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPT#NASDAQ">UFPT</a>) jumped 13.8% to $234.34 following upbeat earnings.</li>
<li>Conduent Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNDT#NASDAQ">CNDT</a>) rose 13.7% to $3.58 after the company reported better-than-expected first-quarter results and issued strong FY24 guidance.</li>
<li>Stagwell Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STGW#NASDAQ">STGW</a>) gained 13.1% to $6.73 following upbeat earnings.</li>
<li>The Chefs&#8217; Warehouse, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHEF#NASDAQ">CHEF</a>) climbed 11.5% to $36.89 following strong quarterly earnings.</li>
<li>Garmin Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NASDAQ">GRMN</a>) rose 11% to $160.40 after the company reported better-than-expected first-quarter financial results and affirmed FY24 adjusted EPS and sales guidance, which is above estimates.</li>
<li>Predictive Oncology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POAI#NASDAQ">POAI</a>) rose 9.9% to $1.5699 after the company announced a collaboration with FluGen for an intranasal flu vaccine.</li>
<li>Trinity Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRN#NYSE">TRN</a>) gained 9.4% to $28.48 following upbeat earnings.</li>
<li>Plutonian Acquisition Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTN#NASDAQ">PLTN</a>) gained 6.8% to $9.48.</li>
<li>Lion Group Holding Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGHL#NASDAQ">LGHL</a>) shares gained 6.5% to $0.5188 after the company reported a year-over-year increase in FY23 financial results.</li>
<li>Lemonade, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) shares gained 6% to $18.26 after the company reported better-than-expected first-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares fell 73.1% to $0.3054 after the company announced pricing of a $10 million upsized underwritten public offering.</li>
<li>Mobile-health Network Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDR#NASDAQ">MNDR</a>) dipped 61.8% to $9.41.</li>
<li>CVRx, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVRX#NASDAQ">CVRX</a>) fell 40.2% to $9.27 after the company reported worse-than-expected first-quarter financial results. JP Morgan analyst Robbie Marcus downgraded the stock from Overweight to Neutral and lowered the price target from $36 to $13.</li>
<li>Leggett &amp; Platt, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) fell 29.1% to $12.81 after the company reported worse-than-expected first-quarter financial results. The company also reduced its dividend.</li>
<li>Concord Medical Services Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCM#NYSE">CCM</a>) dipped 28.8% to $0.6052.</li>
<li>XTI Aerospace, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTIA#NASDAQ">XTIA</a>) fell 25.5% to $1.90</li>
<li>Canopy Growth Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) dipped 25% to $11.16.</li>
<li>Visionary Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) declined 22.3% to $0.1883.</li>
<li>Astec Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) fell 21.1% to $32.99 following downbeat quarterly results.</li>
<li>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) dipped 19.4% to $54.55 following worse-than-expected first-quarter EPS and revenues.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares declined 15.9% to $721.99 following mixed third-quarter financial results.</li>
<li>Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) fell 15.8% to $74.54 following weaker-than-expected second-quarter earnings.</li>
<li>Ryerson Holding Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYI#NYSE">RYI</a>) declined 15.1% to $24.25 after posting a loss for the first quarter.</li>
<li>DigitalBridge Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBRG#NASDAQ">DBRG</a>) fell 14.4% to $14.08 after the company reported first-quarter financial results.</li>
<li>Hillenbrand, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) dipped 14% to $41.04 after the company reported mixed second-quarter financial results and cut FY24 adjusted EPS guidance below estimates.</li>
<li>Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) shares fell 13.7% to $92.01 after the company reported second-quarter financial results and issued third-quarter revenue guidance with the midpoint below estimates.</li>
<li>Sobr Safe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) shares declined 12.2% to $0.2801.</li>
<li>SiteOne Landscape Supply, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SITE#NASDAQ">SITE</a>) fell 11.6% to $138.66 after the company reported mixed first-quarter financial results.</li>
<li>Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) fell 11% to $16.84 following a first-quarter revenue miss and soft FY24 guidance.</li>
<li>O-I Glass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) fell 10.5% to $13.38 after the company reported worse-than-expected first-quarter sales results and cut FY24 adjusted EPS guidance.</li>
<li>The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) fell 9.7% to $132.39 after the company reported third-quarter financial results and issued FY24 adjusted EPS guidance below estimates.</li>
<li>Global Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) fell 9% to $111.68 after the company reported first-quarter financial results and issued guidance.</li>
<li>Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) dipped 8.8% to $66.59. A report earlier today indicated federal prosecutors are examining the company&#8217;s financial transactions.</li>
<li>The Carlyle Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CG#NASDAQ">CG</a>) fell 8.2% to $41.10 after the company reported first-quarter financial results.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) shares declined 7.9% to $1.2801. Polestar delayed annual report due to accounting errors.</li>
<li>The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>) fell 6.3% to $36.19 following mixed first-quarter results.</li>
<li>The Clorox Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>) fell 6% to $139.09 after the company reported worse-than-expected third-quarter sales results.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/05/38550761/how-to-earn-500-a-month-from-intel-stock-following-q1-earnings-report">How To Earn $500 A Month From Intel Stock Following Q1 Earnings Report</a>

Why AMD Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) stock moved upwards by 24.2% to $2.61 during Wednesday's regular session. The company's market cap stands at $226.6 million. </li>
<li>Powell Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) stock moved upwards by 22.25% to $174.82. The market value of their outstanding shares is at $2.0 billion. As per the news, the Q2 earnings report came out yesterday. </li>
<li>Getaround (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETR#NYSE">GETR</a>) stock increased by 15.24% to $0.23. The market value of their outstanding shares is at $21.7 million. </li>
<li>Innovate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VATE#NYSE">VATE</a>) stock increased by 14.0% to $0.8. The market value of their outstanding shares is at $68.1 million. </li>
<li>Hyliion Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HYLN#NYSE">HYLN</a>) shares moved upwards by 13.95% to $1.47. The company's market cap stands at $257.7 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Conduent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNDT#NASDAQ">CNDT</a>) stock rose 12.06% to $3.53. The market value of their outstanding shares is at $736.5 million. As per the news, the Q1 earnings report came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Astec Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTE#NASDAQ">ASTE</a>) shares fell 18.1% to $34.25 during Wednesday's regular session. The company's market cap stands at $778.9 million. The company's, Q1 earnings came out today. </li>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) shares fell 15.99% to $0.66. The market value of their outstanding shares is at $9.8 million. </li>
<li>Swvl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWVL#NASDAQ">SWVL</a>) stock decreased by 15.41% to $11.59. The company's market cap stands at $78.7 million. </li>
<li>Lichen China (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) stock decreased by 15.22% to $1.17. The market value of their outstanding shares is at $32.0 million. </li>
<li>Hillenbrand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) shares fell 13.65% to $41.21. The market value of their outstanding shares is at $2.8 billion. As per the press release, Q2 earnings came out yesterday. </li>
<li>Global Industrial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIC#NYSE">GIC</a>) stock declined by 10.92% to $34.3. The company's market cap stands at $1.3 billion. As per the press release, Q1 earnings came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Wednesday's Intraday Session

Hillenbrand shares are trading lower after the company reported mixed Q2 financial results, issued Q3 adjusted EPS guidance below estimates and cut FY24 adjusted EPS guidance below estimates.

Guidance

Hillenbrand Cuts FY24 Adjusted EPS Outlook From $3.60-$3.95 To $3.30-$3.50, Est $3.70

Hillenbrand Sees Q3 Adjusted EPS Of $0.80-$0.85, Est $1.02

Hillenbrand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) reported quarterly earnings of $0.76 per share which beat the analyst consensus estimate of $0.75 by 1.33 percent. This is a 2.7 percent increase over earnings of $0.74 per share from the same period last year. The company reported quarterly sales of $785.300 million which missed the analyst consensus estimate of $810.688 million by 3.13 percent. This is a 13.65 percent increase over sales of $691.000 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Hillenbrand Q2 2024 Adj EPS $0.76 Beats $0.75 Estimate, Sales $785.300M Miss $810.688M Estimate

Hillenbrand, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) has announced the commencement and pricing of its public offering of&nbsp;$500,000,000&nbsp;aggregate principal amount of&nbsp;6.2500%&nbsp;senior unsecured notes due 2029 (the &quot;Notes&quot;). The offering is expected to close on or about&nbsp;February 14, 2024, subject to customary closing conditions.
Hillenbrand intends to use the net proceeds from this offering to repay borrowings under its multi-currency revolving credit facility, without a reduction in commitment, and may use any remaining proceeds for general corporate purposes, including repayment of other indebtedness.

Hillenbrand Prices Offering Of $500M 6.2500% Senior Unsecured Notes Due 2029

Hillenbrand Announces Restructuring Program; Expects To Generate Annual Run-Rate Savings Of $15M With ~50% Realized Within FY24; Expects To Incur Charge Related To Program ~$20M In FY24

Hillenbrand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) reported its Q1 earnings results on Monday, February 5, 2024 at 04:22 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Hillenbrand beat estimated earnings by 1.47%, reporting an EPS of $0.69 versus an estimate of $0.68.
Revenue was up $117.60 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.09 which was followed by a 3.68% drop in the share price the next day.
Here's a look at Hillenbrand's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.04</td>
<td>0.92</td>
<td>0.71</td>
<td>0.82</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.13</td>
<td>0.95</td>
<td>0.74</td>
<td>0.70</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>747.46M</td>
<td>731.29M</td>
<td>724.39M</td>
<td>726.33M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>762.80M</td>
<td>717.00M</td>
<td>691.00M</td>
<td>655.70M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Hillenbrand <a href="https://www.benzinga.com/quote/HI/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Hillenbrand Q1 Earnings

Hillenbrand Sees Q2 Adj. EPS $0.71-$0.76 Vs $0.84 Est.

Hillenbrand Sees FY24 Adj. EPS $3.60-$3.95 Vs $3.760 Est.

Hillenbrand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) reported quarterly earnings of $0.69 per share which beat the analyst consensus estimate of $0.68 by 1.47 percent. The company reported quarterly sales of $773.00 million which missed the analyst consensus estimate of $777.81 million by 0.62 percent. This is a 17.89 percent increase over sales of $655.70 million the same period last year.

Hillenbrand Q1 2024 Adj EPS $0.69 Beats $0.68 Estimate, Sales $773.00M Miss $777.81M Estimate

Hillenbrand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) is set to give its latest quarterly earnings report on Monday, 2024-02-05. Here's what investors need to know before the announcement.
Analysts estimate that Hillenbrand will report an earnings per share (EPS) of $0.68. 
Hillenbrand bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.09, which was followed by a 3.68% drop in the share price the next day.
Here's a look at Hillenbrand's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.04</td>
<td>0.92</td>
<td>0.71</td>
<td>0.82</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.13</td>
<td>0.95</td>
<td>0.74</td>
<td>0.70</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-3.68%</td>
<td>-5.34%</td>
<td>-4.2%</td>
<td>-3.56%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706893233_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Hillenbrand were trading at $47.41 as of February 01. Over the last 52-week period, shares are down 3.33%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/HI/earnings">To track all earnings releases for Hillenbrand visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Hillenbrand's Earnings

CL King analyst Tom Hayes initiates coverage on Hillenbrand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) with a Strong Buy rating and announces Price Target of $61.

CL King Initiates Coverage On Hillenbrand with Strong Buy Rating, Announces Price Target of $61

Wednesday marks the last chance for investors to receive the next dividend payout from Hillenbrand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 22.25 cents per share. On Thursday, Hillenbrand will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 22.25 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own HI as of the end of Wednesday's session are eligible to receive the 22.25 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on December 29, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

Hillenbrand: Dividend Insights

Hillenbrand Expects Q1 Adj. EPS Of $0.66-$0.71 (Est. $0.81)

Hillenbrand Expects FY24 Adj. EPS Of $3.60-$3.95 (Est. $3.87), Revenue Of $3.28B-$3.44B (Est. $3.18B)

D.A. Davidson analyst Matt Summerville maintained a Buy rating on Hillenbrand (HI – Research Report) today and set a price target of $54.00. The co...

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Hillenbrand (HI) Forecast

Hillenbrand (NYSE:HI) Stock, Quote.Headers.trade-ideas