Hillenbrand Inc reports results for the quarter ended June 30 - Earnings Summary

• Hillenbrand Inc HI.N reported quarterly adjusted earnings of 51 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 85 cents. The mean expectation of four analysts for the quarter was for earnings of 49 cents per share. Wall Street expected results to range from 48 cents to 50 cents per share.

• Revenue fell 23.9% to $598.90 million from a year ago; analysts expected $572.48 million.

• Hillenbrand Inc's reported EPS for the quarter was 3 cents​.

• The company reported quarterly net income of $1.9 million.

• Hillenbrand Inc shares had fallen by 1.7% this quarter and lost 35.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Hillenbrand Inc is $34.00, about 41.8% above its last closing price of $19.78

This summary was machine generated from LSEG data August 11 at 09:39 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)