Brokerages Expect Hibbett Sports, Inc. (HIBB) Will Post Earnings of $0.29 Per Share
Analysts predict that Hibbett Sports, Inc. (NASDAQ:HIBB) will report earnings of $0.29 per share for the current quarter, Zacks reports. Five analysts have provided estimates for Hibbett Sports’ earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.35. Hibbett Sports reported earnings of $0.54 per share during the same quarter last year, which suggests a negative year over year growth rate of 46.3%. The firm is scheduled to report its next earnings report on Friday, March 9th.
On average, analysts expect that Hibbett Sports will report full year earnings of $1.52 per share for the current fiscal year, with EPS estimates ranging from $1.46 to $1.65. For the next financial year, analysts forecast that the business will post earnings of $1.69 per share, with EPS estimates ranging from $1.35 to $1.98. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Hibbett Sports.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings data on Friday, November 17th. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.15. The firm had revenue of $237.80 million during the quarter, compared to analysts’ expectations of $219.38 million. Hibbett Sports had a net margin of 3.94% and a return on equity of 11.38%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company posted $0.66 EPS.
HIBB has been the subject of a number of research analyst reports. UBS Group raised shares of Hibbett Sports from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 20th. Susquehanna Bancshares raised shares of Hibbett Sports from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $11.00 to $17.00 in a research report on Wednesday, September 20th. ValuEngine raised shares of Hibbett Sports from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. SunTrust Banks reissued a “hold” rating and issued a $13.00 price target on shares of Hibbett Sports in a research report on Tuesday, October 17th. Finally, Oppenheimer reissued a “market perform” rating on shares of Hibbett Sports in a research report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.53.
Hibbett Sports (NASDAQ:HIBB) traded up $0.10 during trading hours on Wednesday, hitting $24.85. 754,402 shares of the company were exchanged, compared to its average volume of 995,309. The stock has a market cap of $472.45, a PE ratio of 14.28, a P/E/G ratio of 7.55 and a beta of 0.96. Hibbett Sports has a 1 year low of $9.40 and a 1 year high of $34.75.
Institutional investors have recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Hibbett Sports during the 3rd quarter worth $143,000. Voya Investment Management LLC lifted its position in shares of Hibbett Sports by 11.9% during the 2nd quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock worth $249,000 after purchasing an additional 1,278 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Hibbett Sports by 1.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 12,520 shares of the company’s stock worth $260,000 after purchasing an additional 170 shares during the last quarter. Verition Fund Management LLC purchased a new stake in shares of Hibbett Sports during the 2nd quarter worth $280,000. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Hibbett Sports by 17.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,713 shares of the company’s stock worth $285,000 after purchasing an additional 2,075 shares during the last quarter.
Hibbett Sports Company Profile
Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states.
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