Brokerages Expect Hamilton Beach Brands Holding Co (HBB) Will Post Earnings of $1.50 Per Share

Equities research analysts predict that Hamilton Beach Brands Holding Co (NYSE:HBB) will announce earnings of $1.50 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Hamilton Beach Brands’ earnings. Hamilton Beach Brands reported earnings per share of $1.35 during the same quarter last year, which suggests a positive year-over-year growth rate of 11.1%. The company is scheduled to report its next quarterly earnings report on Wednesday, March 6th.

According to Zacks, analysts expect that Hamilton Beach Brands will report full-year earnings of $2.00 per share for the current financial year. For the next year, analysts expect that the business will post earnings of $2.20 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Hamilton Beach Brands.

Hamilton Beach Brands (NYSE:HBB) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.16. Hamilton Beach Brands had a net margin of 2.67% and a return on equity of 51.86%. The firm had revenue of $196.90 million for the quarter.

Separately, Zacks Investment Research upgraded shares of Hamilton Beach Brands from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a research note on Tuesday, November 6th.

Shares of NYSE:HBB opened at $20.88 on Friday. Hamilton Beach Brands has a twelve month low of $18.03 and a twelve month high of $31.30. The company has a current ratio of 1.19, a quick ratio of 0.51 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $287.93 million and a PE ratio of 12.65.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, November 29th. Hamilton Beach Brands’s dividend payout ratio (DPR) is presently 20.61%.

In other news, insider Frank F. Taplin sold 3,850 shares of the stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $47,986.80, for a total value of $184,749,180.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 32.68% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Rhumbline Advisers bought a new position in shares of Hamilton Beach Brands in the 2nd quarter worth approximately $208,000. GSA Capital Partners LLP bought a new position in Hamilton Beach Brands in the 2nd quarter valued at approximately $238,000. Cornerstone Wealth Management LLC bought a new position in Hamilton Beach Brands in the 3rd quarter valued at approximately $243,000. Schwab Charles Investment Management Inc. bought a new position in Hamilton Beach Brands in the 2nd quarter valued at approximately $399,000. Finally, Swiss National Bank lifted its stake in Hamilton Beach Brands by 34.3% in the 2nd quarter. Swiss National Bank now owns 14,500 shares of the company’s stock valued at $421,000 after purchasing an additional 3,700 shares during the last quarter. Hedge funds and other institutional investors own 39.05% of the company’s stock.

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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