Brokerages forecast that Hamilton Beach Brands Holding Co (NYSE:HBB) will post $1.50 earnings per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Hamilton Beach Brands’ earnings. Hamilton Beach Brands reported earnings per share of $1.35 during the same quarter last year, which indicates a positive year-over-year growth rate of 11.1%. The company is scheduled to report its next quarterly earnings results on Wednesday, March 6th.

On average, analysts expect that Hamilton Beach Brands will report full year earnings of $2.00 per share for the current year. For the next fiscal year, analysts forecast that the company will post earnings of $2.20 per share. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Hamilton Beach Brands.

Hamilton Beach Brands (NYSE:HBB) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.16. The business had revenue of $196.90 million during the quarter. Hamilton Beach Brands had a return on equity of 51.86% and a net margin of 2.67%.

A number of brokerages have issued reports on HBB. Zacks Investment Research cut Hamilton Beach Brands from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. TheStreet raised Hamilton Beach Brands from a “d+” rating to a “c-” rating in a research report on Thursday, November 29th.

A number of institutional investors have recently made changes to their positions in the business. Swiss National Bank boosted its position in Hamilton Beach Brands by 34.3% during the second quarter. Swiss National Bank now owns 14,500 shares of the company’s stock worth $421,000 after purchasing an additional 3,700 shares during the period. LSV Asset Management boosted its position in Hamilton Beach Brands by 37.9% during the third quarter. LSV Asset Management now owns 18,610 shares of the company’s stock worth $408,000 after purchasing an additional 5,114 shares during the period. Wells Fargo & Company MN boosted its position in Hamilton Beach Brands by 46.9% during the third quarter. Wells Fargo & Company MN now owns 18,586 shares of the company’s stock worth $409,000 after purchasing an additional 5,937 shares during the period. Rhumbline Advisers bought a new stake in shares of Hamilton Beach Brands in the second quarter valued at approximately $208,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Hamilton Beach Brands in the second quarter valued at approximately $238,000. 39.24% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE HBB traded down $0.68 during trading hours on Wednesday, hitting $27.32. The stock had a trading volume of 819 shares, compared to its average volume of 32,313. The stock has a market cap of $353.61 million, a price-to-earnings ratio of 16.58 and a beta of -0.56. Hamilton Beach Brands has a 52 week low of $18.03 and a 52 week high of $31.30. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.51 and a current ratio of 1.19.

Hamilton Beach Brands Company Profile

Hamilton Beach Brands Holding Company, together with its subsidiaries, operates in the consumer, commercial, specialty small appliance, and specialty retail market in the United States and internationally. It designs, markets, and distributes a range of small branded electric household and specialty housewares small appliances, including blenders, can openers, coffeemakers, food processors, indoor electric grills, irons, mixers, slow cookers, toasters, and toaster ovens, as well as commercial products for restaurants, bars, and hotels under the under the Hamilton Beach, Proctor Silex brand names.

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