In a turbulent market environment, Hillenbrand (NYSE:HI) Inc's stock has touched a 52-week low, reaching a price level of $30.51. This downturn reflects a significant retreat from better-performing times, with the company's shares experiencing a 1-year change with a sharp decline of -32.79%. Investors are closely monitoring Hillenbrand's performance as the company navigates through the headwinds that have led to this notable decrease in stock value, marking a challenging phase in its market journey.
In other recent news, Hillenbrand Inc . has experienced significant changes in analyst predictions and financial forecasts. KeyBanc has adjusted its outlook for Hillenbrand, reducing its price target to $45 while maintaining an Overweight rating. The firm anticipates cyclical challenges in the company's Advanced Process Solutions segment in the fiscal year 2025. However, KeyBanc remains confident in Hillenbrand's long-term investment prospects, recognizing the company's significant transformation over the past two years.
DA Davidson has also revised its stance on Hillenbrand, downgrading the stock from Buy to Neutral and significantly reducing its price target to $33. The firm cites continued weakness in the company's Advanced Process Solutions segment and sluggishness in the Molding Technology Solutions division as key factors in its decision.
In terms of financial performance, Hillenbrand has reported a 14% increase in total revenue in its second quarter of fiscal year 2024, largely attributed to the acquisition of Schenck Process Food and Performance Materials business. However, the company has updated its full-year revenue forecast to $3.2 billion to $3.3 billion, with adjusted EBITDA between $512 million and $536 million, and adjusted EPS of $3.30 to $3.50. These are the recent developments in Hillenbrand's business.
InvestingPro Insights
Amidst Hillenbrand Inc's recent stock performance woes, InvestingPro data reveals a market capitalization of $2.15 billion, suggesting a substantial size in its market segment. Despite the stock's decline, the company has a track record of consistent dividend payments, having maintained them for 17 consecutive years, which may offer some solace to income-focused investors. The dividend yield stands at an attractive 2.88%, as of the last dividend ex-date on June 14, 2024.
InvestingPro Tips highlight that Hillenbrand operates with a significant debt burden, which investors should consider when assessing the company's financial health. However, there is a silver lining, as analysts predict the company will be profitable this year, which could signal a turnaround from the negative basic and diluted EPS of -$2.96 reported in the last twelve months as of Q3 2024.
For those seeking deeper insights, InvestingPro offers additional tips on Hillenbrand Inc, which could further inform investment decisions. With analysts having revised their earnings downwards for the upcoming period, it's crucial for potential investors to stay informed about the company's future prospects. Access to these insights is available at InvestingPro's platform, where a total of 9 additional tips are listed for Hillenbrand Inc.
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