Hamilton Beach Brands (HBB) Stock Forecast, Price & News

Hamilton Beach Brands' stock was trading at $12.39 at the start of the year. Since then, HBB shares have decreased by 19.4% and is now trading at $9.99.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our HBB earnings forecast.

Hamilton Beach Brands Holding (NYSE:HBB) announced its earnings results on Thursday, March, 9th. The company reported $0.51 earnings per share for the quarter. The firm had revenue of $196.25 million for the quarter. Hamilton Beach Brands had a net margin of 2.14% and a trailing twelve-month return on equity of 11.15%.

Hamilton Beach Brands declared a quarterly dividend on Thursday, May 11th. Investors of record on Thursday, June 1st will be paid a dividend of $0.11 per share on Thursday, June 15th. This represents a $0.44 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Wednesday, May 31st. This is a positive change from the stock's previous quarterly dividend of $0.11.
Read our dividend analysis for HBB.

Hamilton Beach Brands (NYSE:HBB) pays an annual dividend of $0.42 per share and currently has a dividend yield of 4.04%. HBB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 43.75%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for HBB.

Hamilton Beach Brands updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $640.95 million-$640.95 million, compared to the consensus revenue estimate of $638.60 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Hamilton Beach Brands investors own include Novavax (NVAX), Advanced Micro Devices (AMD), NVIDIA (NVDA), Gilead Sciences (GILD), Nautilus (NLS), Sorrento Therapeutics (SRNE), AbbVie (ABBV), Agnico Eagle Mines (AEM), Carnival Co. & (CCL) and Chevron (CVX).

Hamilton Beach Brands trades on the New York Stock Exchange (NYSE) under the ticker symbol "HBB."

Hamilton Beach Brands' stock is owned by a number of retail and institutional investors. Top institutional shareholders include FMR LLC (4.20%), Dimensional Fund Advisors LP (2.83%), CM Wealth Advisors LLC (0.85%), RBF Capital LLC (0.23%), Susquehanna International Group LLP (0.14%) and O Shaughnessy Asset Management LLC (0.09%). Insiders that own company stock include Gregory H Trepp, Paul Dwinelle Furlow and Sarah M Cunningham.
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Shares of HBB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HBB stock can currently be purchased for approximately $9.99.

Hamilton Beach Brands (NYSE:HBB) has a market capitalization of $140.86 million and generates $640.95 million in revenue each year. The company earns $25.27 million in net income (profit) each year or $0.96 on an earnings per share basis.

The company employs 685 workers across the globe.

Hamilton Beach Brands' mailing address is 4421 WATERFRONT DRIVE, GLEN ALLEN VA, 23060. The official website for the company is www.hamiltonbeachbrands.com. The company can be reached via phone at (804) 273-9777 or via email at louanne.nabhan@hamiltonbeach.com.