Hillman Solutions (NASDAQ:HLMN) Announces Quarterly Earnings Results, Hits Expectations

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

Hillman Solutions Stock Down 0.2 %

Shares of NASDAQ:HLMN opened at $11.12 on Friday. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 278.00 and a beta of 1.65. The company has a quick ratio of 0.77, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. Hillman Solutions has a 12-month low of $6.02 and a 12-month high of $12.08. The business’s 50 day moving average is $10.36 and its 200 day moving average is $9.68.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays boosted their price objective on Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday. Canaccord Genuity Group boosted their price objective on Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Robert W. Baird boosted their price objective on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Benchmark restated a “buy” rating and set a $13.00 price objective on shares of Hillman Solutions in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.92.

About Hillman Solutions

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.