Why Hillenbrand Stock Is Down Big Today
Diversified manufacturer Hillenbrand (NYSE: HI) grew revenue and topped earnings expectations in its most recent quarter but warned of a slowdown up ahead. Investors are forward looking, sending the company's stock down 14% as of 12:30 p.m. ET Wednesday.
Hillenbrand is perhaps best known as the parent of casket-maker Batesville, but the company also has a large plastics and molding technology unit that makes industrial products for a range of end markets.
The company earned $0.76 per share in the quarter, a penny above the consensus estimate, despite revenue that came in about $25 million short of expectations at $785.3 million. Revenue was up 14% year over year, including acquisitions, though organic revenue was down 5% due to lower volumes in its molding business.
Source Fool.com
Hillenbrand Inc. Aktie
Die Hillenbrand Inc. Aktie steht noch am Anfang: Zu wenige Einschätzungen für ein Sentiment.
Ein prognostiziertes Kursziel von 50 € für Hillenbrand Inc. zeigt ein Potenzial von über 20% im Vergleich zum aktuellen Kurs von 41.0 €.
