Latest news with #HNI
Economic Times
3 days ago
- Business
- Economic Times
Unified Data-Tech IPO set for debut today: Strong demand, solid GMP signal upbeat listing
Unified Data-Tech Solutions is all set to list on the BSE SME platform on Thursday following a strong response to its Rs 144.47 crore IPO. The public issue, which was open from May 22 to May 26, was subscribed an impressive 91.12 times overall. ADVERTISEMENT The IPO was entirely an offer for sale of 52.92 lakh shares, priced at Rs 273 per share. While the qualified institutional buyers subscribed 83.22 times, the HNI portion saw a phenomenal subscription of 212.43 times. Even the retail segment recorded a solid 43.62 times oversubscription, confirming wide-based interest in the Mumbai-based IT service provider. Ahead of the listing, market sentiment remains optimistic. Shares of Unified Data-Tech are commanding a grey market premium (GMP) of Rs 58, suggesting a potential listing price of Rs 331. That translates into an expected listing gain of over 21.25%. The allotment was finalised on May 27, and shares were credited to demat accounts on May 28. Refunds for unallotted applicants have also been Data-Tech is an IT system integrator that offers customized technology solutions including data center infrastructure, cybersecurity, virtualization, and networking. It serves a diverse client base in BFSI, IT, and other sectors, and has developed a reputation for providing high-performance and cost-efficient solutions across company reported healthy growth in financials, with PAT rising from Rs 10.4 crore in FY23 to Rs 31.68 crore in the eleven months of FY25. It maintains a debt-free balance sheet, and its return on equity stood at a robust 48.81%, while return on capital employed touched 52.55%. ADVERTISEMENT The IPO was entirely an offer for sale and did not raise fresh capital for the business. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Business
- Time of India
Unified Data-Tech IPO set for debut today: Strong demand, solid GMP signal upbeat listing
Unified Data-Tech Solutions is all set to list on the BSE SME platform on Thursday following a strong response to its Rs 144.47 crore IPO. The public issue, which was open from May 22 to May 26, was subscribed an impressive 91.12 times overall. The IPO was entirely an offer for sale of 52.92 lakh shares, priced at Rs 273 per share. While the qualified institutional buyers subscribed 83.22 times, the HNI portion saw a phenomenal subscription of 212.43 times. Even the retail segment recorded a solid 43.62 times oversubscription, confirming wide-based interest in the Mumbai-based IT service provider. Ahead of the listing, market sentiment remains optimistic. Shares of Unified Data-Tech are commanding a grey market premium (GMP) of Rs 58, suggesting a potential listing price of Rs 331. That translates into an expected listing gain of over 21.25%. The allotment was finalised on May 27, and shares were credited to demat accounts on May 28. Refunds for unallotted applicants have also been processed. Unified Data-Tech is an IT system integrator that offers customized technology solutions including data center infrastructure, cybersecurity, virtualization, and networking. It serves a diverse client base in BFSI, IT, and other sectors, and has developed a reputation for providing high-performance and cost-efficient solutions across India. The company reported healthy growth in financials, with PAT rising from Rs 10.4 crore in FY23 to Rs 31.68 crore in the eleven months of FY25. It maintains a debt-free balance sheet, and its return on equity stood at a robust 48.81%, while return on capital employed touched 52.55%. The IPO was entirely an offer for sale and did not raise fresh capital for the business. ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times)
Yahoo
3 days ago
- Business
- Yahoo
Q1 Earnings Roundup: Steelcase (NYSE:SCS) And The Rest Of The Office & Commercial Furniture Segment
Looking back on office & commercial furniture stocks' Q1 earnings, we examine this quarter's best and worst performers, including Steelcase (NYSE:SCS) and its peers. The sector faces a tepid outlook as workplace dynamics continue to evolve. Hybrid work means that enterprise demand for office furniture is lower. Consumer demand for the same products likely will not offset the loss from enterprises, as individual workers tend to have less space and need for the sector's wares. The Trump administration also possesses a high willingness to impose tariffs on key partners, which could result in retaliatory actions, all of which could pressure those selling furniture that may feature components or labor from overseas. Lastly, the COVID-19 pandemic showed that there is always a risk that something disrupts supply chains, and companies need contingency plans for this. The 4 office & commercial furniture stocks we track reported a strong Q1. As a group, revenues along with next quarter's revenue guidance were in line with analysts' consensus estimates. In light of this news, share prices of the companies have held steady as they are up 2.4% on average since the latest earnings results. Founded in 1912 when metal office furniture was replacing wooden alternatives, Steelcase (NYSE:SCS) is a global office furniture manufacturer that designs and produces workplace solutions including desks, chairs, architectural products, and services. Steelcase reported revenues of $788 million, up 1.7% year on year. This print was in line with analysts' expectations, and overall, it was an exceptional quarter for the company with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EPS guidance for next quarter estimates. The stock is down 1.1% since reporting and currently trades at $10.49. Is now the time to buy Steelcase? Access our full analysis of the earnings results here, it's free. With roots dating back to 1944 and a significant acquisition of Kimball International in 2023, HNI (NYSE:HNI) manufactures and sells office furniture systems, seating, and storage solutions, as well as residential fireplaces and heating products. HNI reported revenues of $599.8 million, up 2% year on year, outperforming analysts' expectations by 3.3%. The business had a stunning quarter with a solid beat of analysts' EPS estimates. HNI delivered the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 8.8% since reporting. It currently trades at $47.16. Is now the time to buy HNI? Access our full analysis of the earnings results here, it's free. Created through the 2021 merger of industry icons Herman Miller and Knoll, MillerKnoll (NASDAQ:MLKN) designs, manufactures, and distributes interior furnishings for offices, healthcare facilities, educational settings, and homes worldwide. MillerKnoll reported revenues of $876.2 million, flat year on year, falling short of analysts' expectations by 4.6%. It was a disappointing quarter with full-year revenue guidance missing analysts' expectations. MillerKnoll delivered the weakest performance against analyst estimates, slowest revenue growth, and weakest full-year guidance update in the group. As expected, the stock is down 7.3% since the results and currently trades at $17. Read our full analysis of MillerKnoll's results here. Pioneering carbon-neutral flooring since its founding in 1973, Interface (NASDAQ:TILE) is a global manufacturer of modular carpet tiles, luxury vinyl tile (LVT), and rubber flooring that specializes in carbon-neutral and sustainable flooring solutions. Interface reported revenues of $297.4 million, up 2.6% year on year. This print was in line with analysts' expectations. Overall, it was a strong quarter as it also logged a solid beat of analysts' EPS estimates and full-year revenue guidance slightly topping analysts' expectations. Interface achieved the fastest revenue growth and highest full-year guidance raise among its peers. The stock is up 9.1% since reporting and currently trades at $20.53. Read our full, actionable report on Interface here, it's free. In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
Yahoo
18-05-2025
- Business
- Yahoo
Should You Buy HNI Corporation (NYSE:HNI) For Its Upcoming Dividend?
HNI Corporation (NYSE:HNI) stock is about to trade ex-dividend in four days. Typically, the ex-dividend date is one business day before the record date, which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least one business day to settle. In other words, investors can purchase HNI's shares before the 23rd of May in order to be eligible for the dividend, which will be paid on the 11th of June. The company's upcoming dividend is US$0.34 a share, following on from the last 12 months, when the company distributed a total of US$1.32 per share to shareholders. Calculating the last year's worth of payments shows that HNI has a trailing yield of 2.8% on the current share price of US$47.92. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! That's why we should always check whether the dividend payments appear sustainable, and if the company is growing. We've discovered 1 warning sign about HNI. View them for free. Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Fortunately HNI's payout ratio is modest, at just 46% of profit. A useful secondary check can be to evaluate whether HNI generated enough free cash flow to afford its dividend. It distributed 34% of its free cash flow as dividends, a comfortable payout level for most companies. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. See our latest analysis for HNI Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. If earnings fall far enough, the company could be forced to cut its dividend. This is why it's a relief to see HNI earnings per share are up 2.6% per annum over the last five years. Recent earnings growth has been limited. Yet there are several ways to grow the dividend, and one of them is simply that the company may choose to pay out more of its earnings as dividends. The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. HNI has delivered an average of 2.8% per year annual increase in its dividend, based on the past 10 years of dividend payments. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders. Is HNI worth buying for its dividend? Earnings per share have been growing moderately, and HNI is paying out less than half its earnings and cash flow as dividends, which is an attractive combination as it suggests the company is investing in growth. It might be nice to see earnings growing faster, but HNI is being conservative with its dividend payouts and could still perform reasonably over the long run. There's a lot to like about HNI, and we would prioritise taking a closer look at it. While it's tempting to invest in HNI for the dividends alone, you should always be mindful of the risks involved. Every company has risks, and we've spotted 1 warning sign for HNI you should know about. Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
16-05-2025
- Business
- Yahoo
5 Stocks to Watch on Dividend Hikes as Inflation Softens
Among the three major U.S. indexes, the Nasdaq Composite and the Dow Jones Industrial Average, have lost 1.03% and 0.52%, respectively, over the year-to-date period, whereas the S&P 500 has gained a marginal 0.60%. Investors are still hesitant to make any bold moves due to President Donald Trump's announcement of sweeping tariffs on all the trading partners of the United States. However, a truce between China and the United States, the world's top two economies, indicates that import duties may be significantly reduced if a deal is reached. The consumer price index (CPI) rose 0.2% sequentially in April and 2.3% from the year-ago levels, the lowest since February 2021. Federal Reserve Chair Jerome Powell said that the Federal Reserve needs more clarity before considering further interest rate cuts. Analysts expect the Fed to wait until September at the earliest before making further interest rate cuts since inflation is cooling steadily and is in line with the central bank's 2% target. Market participants fear that the possibility of a recession persists due to the ongoing trade conflicts, which could negatively impact inflation and key economic indicators. Amid such volatile market conditions, investors who wish to diversify their portfolios can pick dividend-paying stocks. Some of the prominent names are Marriott International MAR, HNI HNI, Sun Life Financial SLF, ESAB Corporation ESAB and Victory Capital Holdings VCTR. Companies that pay out dividends indicate a consistently healthy business model. Stocks that have recently raised dividends exhibit a sound financial structure and can counter market upheavals. Stocks that tend to reward investors with a high dividend payout outperform non-dividend-paying stocks in a highly volatile market. Marriott International Marriott International is a leading worldwide hospitality company engaged in the operation, franchising and licensing of hotel, residential, timeshare and other lodging properties worldwide. This Bethesda, MD-based company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. On May 9, MAR declared that its shareholders would receive a dividend of 67 cents a share on June 30, 2025. MAR has a dividend yield of 0.9%. Over the past five years, MAR has increased its dividend five times, and its payout ratio presently sits at 26% of earnings. Check Marriott International's dividend history here. Marriott International, Inc. dividend-yield-ttm | Marriott International, Inc. Quote HNI HNI is headquartered in Muscatine, IA. This Zacks Rank #2 (Buy) company provides products and solutions for the home and workplace environments. On May 12, HNI declared that its shareholders would receive a dividend of 34 cents a share on June 11, 2025. HNI has a dividend yield of 2.8%. In the past five years, HNI has increased its dividend four times. Its payout ratio is currently 42% of earnings. Check HNI's dividend history here. HNI Corporation dividend-yield-ttm | HNI Corporation Quote Sun Life Financial Sun Life Financial is the third-largest insurer in Canada, providing protection and wealth management products and services to individual and group customers worldwide. The Zacks Rank #3 company is headquartered in Toronto, Canada. On May 8, SLF announced that its shareholders would receive a dividend of 61 cents a share on June 30, 2025. SLF has a dividend yield of 3.7%. Over the past five years, SLF has increased its dividend 13 times. Its payout ratio now sits at 46% of earnings. Check Sun Life Financial's dividend history here. Sun Life Financial Inc. dividend-yield-ttm | Sun Life Financial Inc. Quote ESAB Corporation ESAB Corporationis a premier global fabrication and specialty gas control technology company focused on welding technology, advanced equipment, consumables, specialty gas control, robotics and digital solutions. This North Bethesda, MD-based company currently carries a Zacks Rank #3. On May 8, ESAB declared that its shareholders would receive a dividend of 10 cents a share on July 18, 2025. ESAB has a dividend yield of 0.3%. Over the past five years, ESAB has increased its dividend three times, and its payout ratio presently sits at 6% of earnings. Check ESAB Corporation's dividend history here. ESAB Corporation dividend-yield-ttm | ESAB Corporation Quote Victory Capital Holdings Victory Capital Holdings is an integrated multi-boutique asset management firm that provides institutions, financial advisors and retirement platforms, including separately managed accounts, collective trusts, mutual funds, ETFs and UMA/SMA vehicles. The Zacks Rank #3 company is headquartered in Cleveland, OH. On May 8, VCTR announced that its shareholders would receive a dividend of 49 cents a share on June 25, 2025. VCTR has a dividend yield of 2.9%. Over the past five years, VCTR has increased its dividend 14 times. Its payout ratio now sits at 35% of earnings. Check Victory Capital Holdings' dividend history here. Victory Capital Holdings, Inc. dividend-yield-ttm | Victory Capital Holdings, Inc. Quote Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marriott International, Inc. (MAR) : Free Stock Analysis Report Sun Life Financial Inc. (SLF) : Free Stock Analysis Report HNI Corporation (HNI) : Free Stock Analysis Report Victory Capital Holdings, Inc. (VCTR) : Free Stock Analysis Report ESAB Corporation (ESAB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
