Brokerages Expect Hanesbrands Inc. (HBI) Will Announce Earnings of $0.53 Per Share
Equities research analysts expect Hanesbrands Inc. (NYSE:HBI) to post $0.53 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Hanesbrands’ earnings, with the highest EPS estimate coming in at $0.56 and the lowest estimate coming in at $0.52. Hanesbrands also reported earnings of $0.53 per share in the same quarter last year. The firm is scheduled to report its next quarterly earnings report on Thursday, February 1st.
According to Zacks, analysts expect that Hanesbrands will report full year earnings of $1.95 per share for the current financial year, with EPS estimates ranging from $1.94 to $1.98. For the next financial year, analysts anticipate that the firm will report earnings of $2.10 per share, with EPS estimates ranging from $2.00 to $2.18. Zacks’ EPS averages are an average based on a survey of research analysts that cover Hanesbrands.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 EPS.
Several equities research analysts have commented on HBI shares. Credit Suisse Group set a $28.00 price target on shares of Hanesbrands and gave the stock a “buy” rating in a research report on Thursday, July 27th. B. Riley reissued a “buy” rating on shares of Hanesbrands in a research report on Thursday. BidaskClub raised shares of Hanesbrands from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Vetr cut shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 price target on the stock. in a research report on Monday, August 28th. Finally, UBS AG reissued a “buy” rating and set a $27.00 price target (up from $25.00) on shares of Hanesbrands in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the stock. Hanesbrands has a consensus rating of “Hold” and a consensus target price of $26.13.
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In other news, insider John T. Marsh sold 10,325 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $24.27, for a total transaction of $250,587.75. Following the completion of the sale, the insider now owns 99,997 shares of the company’s stock, valued at approximately $2,426,927.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Hanesbrands by 0.8% during the 2nd quarter. BlackRock Inc. now owns 23,050,392 shares of the textile maker’s stock worth $533,848,000 after acquiring an additional 174,498 shares during the period. State Street Corp lifted its stake in Hanesbrands by 0.9% in the 2nd quarter. State Street Corp now owns 15,512,816 shares of the textile maker’s stock valued at $359,281,000 after purchasing an additional 136,465 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its stake in Hanesbrands by 2.6% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 10,113,900 shares of the textile maker’s stock valued at $234,238,000 after purchasing an additional 260,820 shares during the last quarter. Bessemer Group Inc. lifted its stake in Hanesbrands by 2.9% in the 3rd quarter. Bessemer Group Inc. now owns 5,977,411 shares of the textile maker’s stock valued at $147,284,000 after purchasing an additional 169,250 shares during the last quarter. Finally, TimesSquare Capital Management LLC lifted its stake in Hanesbrands by 1.2% in the 2nd quarter. TimesSquare Capital Management LLC now owns 3,129,600 shares of the textile maker’s stock valued at $72,482,000 after purchasing an additional 37,350 shares during the last quarter. 94.80% of the stock is owned by institutional investors.
Hanesbrands (NYSE:HBI) traded down $0.72 on Friday, reaching $19.36. 10,495,729 shares of the company traded hands, compared to its average volume of 5,694,564. The company has a market cap of $7,056.31, a PE ratio of 9.93, a P/E/G ratio of 1.11 and a beta of 0.73. Hanesbrands has a 1-year low of $18.91 and a 1-year high of $26.05. The company has a quick ratio of 0.89, a current ratio of 1.88 and a debt-to-equity ratio of 2.90.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Monday, November 13th. Hanesbrands’s dividend payout ratio is currently 37.04%.
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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