FY2017 Earnings Forecast for HSN, Inc. Issued By B. Riley (HSNI)
HSN, Inc. (NASDAQ:HSNI) – B. Riley dropped their FY2017 EPS estimates for shares of HSN in a report released on Thursday. B. Riley analyst B. Crockett now forecasts that the specialty retailer will post earnings per share of $2.37 for the year, down from their previous forecast of $2.49. B. Riley has a “Hold” rating and a $36.00 price objective on the stock. B. Riley also issued estimates for HSN’s Q4 2017 earnings at $0.97 EPS, FY2018 earnings at $2.71 EPS, FY2019 earnings at $2.70 EPS and FY2020 earnings at $2.76 EPS.
HSN (NASDAQ:HSNI) last released its quarterly earnings data on Wednesday, November 8th. The specialty retailer reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.07). The company had revenue of $782.56 million for the quarter, compared to the consensus estimate of $804.04 million. HSN had a net margin of 3.29% and a return on equity of 56.55%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 earnings per share.
A number of other equities analysts have also weighed in on the company. BidaskClub lowered HSN from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Zacks Investment Research lowered HSN from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, UBS AG decreased their target price on HSN from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $43.00.
HSN (HSNI) opened at $39.75 on Friday. The firm has a market capitalization of $2,029.22, a PE ratio of 17.43, a price-to-earnings-growth ratio of 1.77 and a beta of 1.38. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 2.02. HSN has a one year low of $30.90 and a one year high of $42.75.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, December 5th. This represents a $1.40 annualized dividend and a dividend yield of 3.52%. HSN’s dividend payout ratio (DPR) is presently 65.12%.
Institutional investors have recently made changes to their positions in the company. US Bancorp DE increased its position in shares of HSN by 0.4% during the 2nd quarter. US Bancorp DE now owns 4,345 shares of the specialty retailer’s stock valued at $139,000 after purchasing an additional 19 shares during the last quarter. First Mercantile Trust Co. increased its position in shares of HSN by 70.4% during the 2nd quarter. First Mercantile Trust Co. now owns 4,600 shares of the specialty retailer’s stock valued at $147,000 after purchasing an additional 1,900 shares during the last quarter. North Star Investment Management Corp. increased its position in shares of HSN by 124.1% during the 2nd quarter. North Star Investment Management Corp. now owns 5,715 shares of the specialty retailer’s stock valued at $182,000 after purchasing an additional 3,165 shares during the last quarter. Thrivent Financial For Lutherans increased its position in shares of HSN by 7.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,450 shares of the specialty retailer’s stock valued at $206,000 after purchasing an additional 440 shares during the last quarter. Finally, Camelot Portfolios LLC bought a new position in shares of HSN during the 2nd quarter valued at about $239,000. Hedge funds and other institutional investors own 58.15% of the company’s stock.
HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and merchandise directly to consumers through various platforms, including television home shopping programing broadcast on the HSN television networks and other direct-response television marketing; catalogs, consisting of the Cornerstone portfolio of print catalogs, which includes, Ballard Designs, Frontgate, Garnet Hill, Grandin Road and Improvements; Websites, which consist primarily of HSN.com, joymangano.com and the five branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.
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