Hillenbrand rises on Q4 results beat

Hillenbrand

17/11/2022 17:28

** Industrial machinery and equipment manufacturer
Hillenbrand Inc's  HI.N  shares up 3% at $45.80
    ** Company on Wednesday reported Q4 earnings of $1.05/shr vs
est $1.01/shr  - Refinitiv
    ** Hillenbrand also beat Q4 revenue est
    ** Company expects FY23 earnings between $4.10/shr and
$4.50/shr
    ** Hillenbrand forecasts Q1 earnings in the range of
$0.85/shr to $0.93/shr
    ** Company says macro headwinds and potential shutdowns
related to China's zero-COVID policy could have a negative
impact on FY23 outlook
    ** All three brokerages rate the stock "buy" or higher;
median PT $64
    ** YTD company's shares down 12.2% vs 1.9% decline in S&P
600 Capital Goods industry index  .SPSMCIC 
 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com))