Hamilton Beach Brands Inc (NYSE:HBB) Reports Earnings, Beats Expectations of $0.18 EPS
Hamilton Beach Brands (NYSE:HBB – Get Rating) announced its results on Wednesday. The company reported earnings per share of $0.90 for the quarter, missing analyst consensus estimates of $1.08 per ($0.18), MarketWatch Earnings reports. Hamilton Beach Brands had a net margin of 3.98% and a return on equity of 33.59%.
NYSE: HBB traded down $0.20 during Friday’s midday session, hitting $11.31. 357 shares of the company were traded, against an average volume of 30,015. Hamilton Beach Brands has a 1-year low of $11.50 and a 1-year high of $26.00. The company has a debt ratio of 1.31, a current ratio of 2.01 and a quick ratio of 0.90. The company has a fifty-day moving average price of $13.56 and a 200-day moving average price of $14.95. The company has a market capitalization of $157.06 million, a PE ratio of 5.76 and a beta of 0.93.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 15. Shareholders of record on Friday, March 4 will receive a dividend of $0.10 per share. This represents a dividend of $0.40 on an annualized basis and a dividend yield of 3.54%. The ex-date of this dividend is Thursday, March 3. The payout ratio of Hamilton Beach Brands is 20.00%.
A number of large investors have been buying and selling stocks recently. BNP Paribas Arbitrage SA increased its stake in Hamilton Beach Brands by 49.3% during the fourth quarter. BNP Paribas Arbitrage SA now owns 2,553 shares in the company worth $37,000 after acquiring 843 additional shares last quarter. Citigroup Inc. increased its stake in Hamilton Beach Brands by 64.2% during the fourth quarter. Citigroup Inc. now owns 2,632 shares of the company worth $38,000 after acquiring 1,029 additional shares in the last quarter. Bank of America Corp DE increased its holdings in Hamilton Beach Brands by 21.7% in the fourth quarter. Bank of America Corp DE now owns 9,020 shares of the company worth $130,000 after buying 1,606 additional shares in the last quarter. Morgan Stanley increased its stake in Hamilton Beach Brands by 15.0% in the third quarter. Morgan Stanley now owns 13,176 shares of the company worth $206,000 after buying an additional 1,721 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Hamilton Beach Brands by 10.1% in the third quarter. Invesco Ltd. now owns 23,058 shares of the company worth $362,000 after purchasing an additional 2,115 shares in the last quarter. 30.99% of the shares are currently held by institutional investors and hedge funds.
About Hamilton Beach Brands (Get a rating)
Hamilton Beach Brands Holding Co is a holding company engaged in the design, marketing and distribution of branded small appliances and specialty housewares, as well as commercial products for restaurants, fast food chains , bars and hotels. Its consumer brands include Hamilton Beach, Proctor Silex, Hamilton Beach Professional, Weston field-to-table and farm-to-table food preparation equipment, TrueAir air purifiers and Brightline sonic rechargeable toothbrushes.
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