Hillman Solutions (NASDAQ:HLMN) Releases Earnings Results

Hillman Solutions (NASDAQ:HLMN) announced its quarterly earnings data on Tuesday. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16, Briefing.com reports. The company had revenue of $393.30 million for the quarter, compared to analyst estimates of $389.50 million. Hillman Solutions had a return on equity of 7.96% and a net margin of 0.41%. Hillman Solutions’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 EPS. Hillman Solutions updated its FY 2024 guidance to EPS.

Hillman Solutions Price Performance

HLMN stock traded down $0.02 during trading on Thursday, hitting $11.12. 1,236,918 shares of the stock traded hands, compared to its average volume of 895,232. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 279.75 and a beta of 1.65. Hillman Solutions has a one year low of $6.02 and a one year high of $12.08. The company has a current ratio of 2.32, a quick ratio of 0.77 and a debt-to-equity ratio of 0.62. The company has a 50 day simple moving average of $10.33 and a 200 day simple moving average of $9.67.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HLMN. Robert W. Baird lifted their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday. Benchmark reiterated a “buy” rating and set a $13.00 target price on shares of Hillman Solutions in a research report on Thursday, August 8th. Barclays upped their target price on shares of Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Canaccord Genuity Group raised their price target on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.92.

Hillman Solutions Company Profile

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.