Analysts Anticipate Hillman Solutions Corp (NASDAQ:HLMN) Will Post Earnings of $0.09 Per Share

Equities research analysts expect Hillman Solutions Corp (NASDAQ:HLMNGet Rating) to report $0.09 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Hillman Solutions’ earnings, with estimates ranging from $0.06 to $0.11. Hillman Solutions posted earnings of ($0.03) per share in the same quarter last year, which would suggest a positive year over year growth rate of 400%. The firm is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Hillman Solutions will report full year earnings of $0.23 per share for the current fiscal year, with EPS estimates ranging from $0.20 to $0.28. For the next financial year, analysts anticipate that the firm will report earnings of $0.34 per share, with EPS estimates ranging from $0.22 to $0.41. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Hillman Solutions.

Hillman Solutions (NASDAQ:HLMNGet Rating) last issued its earnings results on Tuesday, May 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The company had revenue of $363.01 million during the quarter, compared to analysts’ expectations of $363.00 million. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $0.16 earnings per share.

A number of brokerages recently issued reports on HLMN. Zacks Investment Research upgraded shares of Hillman Solutions from a “sell” rating to a “hold” rating in a research report on Monday, April 25th. Raymond James cut their price target on shares of Hillman Solutions from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, March 3rd. Finally, Barclays began coverage on shares of Hillman Solutions in a research note on Friday, April 22nd. They set an “overweight” rating and a $15.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $15.69.

Shares of HLMN stock traded up $0.21 during trading hours on Thursday, hitting $11.41. The company’s stock had a trading volume of 131,177 shares, compared to its average volume of 1,320,568. Hillman Solutions has a twelve month low of $8.12 and a twelve month high of $13.46. The business has a fifty day moving average of $11.24 and a 200-day moving average of $10.42. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of -5.63 and a beta of 0.84. The company has a current ratio of 2.48, a quick ratio of 0.57 and a debt-to-equity ratio of 0.80.

In related news, major shareholder Ccmp Capital, Lp sold 12,347,733 shares of Hillman Solutions stock in a transaction on Monday, April 18th. The shares were sold at an average price of $10.00, for a total transaction of $123,477,330.00. Following the sale, the insider now owns 2,589,858 shares of the company’s stock, valued at approximately $25,898,580. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leary Dan O purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The shares were purchased at an average cost of $10.45 per share, for a total transaction of $104,500.00. Following the purchase, the director now directly owns 17,207 shares in the company, valued at $179,813.15. The disclosure for this purchase can be found here. In the last three months, insiders bought 171,186 shares of company stock worth $1,799,302.

A number of institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its stake in Hillman Solutions by 13.2% during the 1st quarter. Royal Bank of Canada now owns 307,960 shares of the company’s stock worth $3,659,000 after buying an additional 35,978 shares during the period. California State Teachers Retirement System grew its holdings in Hillman Solutions by 4.1% during the 1st quarter. California State Teachers Retirement System now owns 82,437 shares of the company’s stock worth $979,000 after acquiring an additional 3,217 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Hillman Solutions by 23.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,796,852 shares of the company’s stock worth $21,347,000 after acquiring an additional 338,863 shares in the last quarter. Zuckerman Investment Group LLC grew its holdings in Hillman Solutions by 3.0% during the 1st quarter. Zuckerman Investment Group LLC now owns 491,001 shares of the company’s stock worth $5,833,000 after acquiring an additional 14,283 shares in the last quarter. Finally, State Street Corp grew its holdings in Hillman Solutions by 7.2% during the 1st quarter. State Street Corp now owns 413,353 shares of the company’s stock worth $4,911,000 after acquiring an additional 27,909 shares in the last quarter.

Hillman Solutions Company Profile (Get Rating)

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.

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