Analysts Expect Hanesbrands Inc. (HBI) to Announce $0.52 EPS
Brokerages expect that Hanesbrands Inc. (NYSE:HBI) will post $0.52 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Hanesbrands’ earnings, with the lowest EPS estimate coming in at $0.51 and the highest estimate coming in at $0.53. Hanesbrands reported earnings of $0.53 per share during the same quarter last year, which would indicate a negative year over year growth rate of 1.9%. The firm is scheduled to report its next earnings results on Thursday, February 1st.
According to Zacks, analysts expect that Hanesbrands will report full-year earnings of $1.94 per share for the current financial year, with EPS estimates ranging from $1.93 to $1.95. For the next fiscal year, analysts forecast that the business will post earnings of $2.09 per share, with EPS estimates ranging from $1.94 to $2.18. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover Hanesbrands.
Hanesbrands (NYSE:HBI) last posted its earnings results on Wednesday, November 1st. The textile maker reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the firm earned $0.56 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis.
Several research firms recently issued reports on HBI. Deutsche Bank began coverage on Hanesbrands in a report on Monday, October 23rd. They issued a “buy” rating and a $29.00 price objective on the stock. Zacks Investment Research upgraded Hanesbrands from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Monday, October 9th. Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 price objective on shares of Hanesbrands in a report on Tuesday, September 26th. TheStreet cut Hanesbrands from a “b” rating to a “c+” rating in a report on Thursday, October 12th. Finally, Instinet cut Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. Hanesbrands currently has a consensus rating of “Hold” and an average target price of $26.13.
Hanesbrands (NYSE:HBI) traded up $0.20 during mid-day trading on Tuesday, reaching $21.46. The company had a trading volume of 6,549,534 shares, compared to its average volume of 5,300,460. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90. Hanesbrands has a 12 month low of $18.90 and a 12 month high of $25.73. The firm has a market cap of $7,743.77, a PE ratio of 10.89, a price-to-earnings-growth ratio of 1.22 and a beta of 0.70.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend was Monday, November 13th. Hanesbrands’s dividend payout ratio (DPR) is 37.04%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC raised its position in shares of Hanesbrands by 15.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 980,400 shares of the textile maker’s stock valued at $24,157,000 after buying an additional 133,434 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of Hanesbrands during the 3rd quarter valued at approximately $760,000. Hahn Capital Management LLC raised its position in shares of Hanesbrands by 1.2% during the 3rd quarter. Hahn Capital Management LLC now owns 662,884 shares of the textile maker’s stock valued at $16,333,000 after buying an additional 8,159 shares during the period. Belpointe Asset Management LLC purchased a new stake in shares of Hanesbrands during the 3rd quarter valued at approximately $485,000. Finally, Cetera Advisor Networks LLC raised its position in shares of Hanesbrands by 18.4% during the 3rd quarter. Cetera Advisor Networks LLC now owns 35,128 shares of the textile maker’s stock valued at $859,000 after buying an additional 5,456 shares during the period. 96.92% of the stock is currently owned by institutional investors and hedge funds.
Hanesbrands Company Profile
Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.
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