Hillman Solutions (NASDAQ:HLMN) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Hillman Solutions (NASDAQ:HLMN) released its earnings results on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02, Briefing.com reports. The firm had revenue of $350.31 million for the quarter, compared to analyst estimates of $354.47 million. Hillman Solutions had a positive return on equity of 6.88% and a negative net margin of 0.65%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS.

Hillman Solutions Price Performance

Hillman Solutions stock opened at $9.59 on Thursday. The business has a 50 day simple moving average of $9.92 and a 200 day simple moving average of $8.85. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.46 and a quick ratio of 0.74. The company has a market capitalization of $1.87 billion, a PE ratio of -191.66 and a beta of 1.73. Hillman Solutions has a one year low of $6.02 and a one year high of $10.85.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HLMN shares. Canaccord Genuity Group increased their price objective on Hillman Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Barclays raised their price target on shares of Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. Robert W. Baird upped their price objective on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $16.00 target price (up previously from $14.00) on shares of Hillman Solutions in a research note on Monday, April 1st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.54.

Insider Buying and Selling at Hillman Solutions

In other Hillman Solutions news, EVP Gary Seeds sold 163,975 shares of Hillman Solutions stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $9.53, for a total transaction of $1,562,681.75. Following the completion of the transaction, the executive vice president now directly owns 294,722 shares of the company’s stock, valued at $2,808,700.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Randall J. Fagundo sold 250,546 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $9.63, for a total transaction of $2,412,757.98. Following the completion of the sale, the insider now directly owns 45,440 shares of the company’s stock, valued at approximately $437,587.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gary Seeds sold 163,975 shares of Hillman Solutions stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $9.53, for a total value of $1,562,681.75. Following the completion of the transaction, the executive vice president now owns 294,722 shares of the company’s stock, valued at approximately $2,808,700.66. The disclosure for this sale can be found here. Insiders have sold 618,658 shares of company stock worth $5,958,077 over the last three months. Company insiders own 5.10% of the company’s stock.

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.