Hanesbrands Inc. (HBI) Expected to Announce Earnings of $0.47 Per Share
Brokerages forecast that Hanesbrands Inc. (NYSE:HBI) will post earnings per share of $0.47 for the current quarter, according to Zacks. Four analysts have issued estimates for Hanesbrands’ earnings, with estimates ranging from $0.47 to $0.48. Hanesbrands reported earnings per share of $0.52 during the same quarter last year, which suggests a negative year-over-year growth rate of 9.6%. The company is scheduled to issue its next earnings results on Thursday, February 14th.
According to Zacks, analysts expect that Hanesbrands will report full-year earnings of $1.73 per share for the current financial year, with EPS estimates ranging from $1.73 to $1.74. For the next year, analysts expect that the business will report earnings of $1.84 per share, with EPS estimates ranging from $1.78 to $1.95. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Hanesbrands.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Thursday, November 1st. The textile maker reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. Hanesbrands had a return on equity of 85.49% and a net margin of 0.10%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm posted $0.60 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis.
In related news, CFO Barry Hytinen purchased 10,100 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was acquired at an average price of $14.59 per share, with a total value of $147,359.00. Following the completion of the purchase, the chief financial officer now directly owns 91,238 shares in the company, valued at $1,331,162.42. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jessica Tuchman Mathews sold 2,115 shares of the business’s stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $16.54, for a total value of $34,982.10. Following the completion of the transaction, the director now directly owns 132,129 shares of the company’s stock, valued at approximately $2,185,413.66. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 61,600 shares of company stock valued at $940,079. 1.06% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC bought a new position in Hanesbrands in the third quarter valued at about $129,000. Tower Research Capital LLC TRC grew its position in Hanesbrands by 110.4% in the third quarter. Tower Research Capital LLC TRC now owns 8,079 shares of the textile maker’s stock valued at $149,000 after acquiring an additional 4,239 shares during the last quarter. BlueMountain Capital Management LLC bought a new position in Hanesbrands in the third quarter valued at about $165,000. Highbridge Capital Management LLC grew its position in Hanesbrands by 256.3% in the third quarter. Highbridge Capital Management LLC now owns 10,000 shares of the textile maker’s stock valued at $184,000 after acquiring an additional 16,400 shares during the last quarter. Finally, First Capital Advisors Group LLC. bought a new position in Hanesbrands in the third quarter valued at about $185,000.
Hanesbrands stock traded down $0.54 during mid-day trading on Monday, hitting $15.16. 4,485,628 shares of the company’s stock traded hands, compared to its average volume of 5,146,626. Hanesbrands has a fifty-two week low of $14.39 and a fifty-two week high of $23.33. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 7.85, a P/E/G ratio of 0.91 and a beta of 0.36. The company has a debt-to-equity ratio of 4.44, a current ratio of 1.84 and a quick ratio of 0.79.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 4th. Investors of record on Tuesday, November 13th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date was Friday, November 9th. Hanesbrands’s dividend payout ratio (DPR) is presently 31.09%.
Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells bras, panties, men's underwear, children's underwear, activewear, socks, hosiery, intimate apparel, shapewears, and home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.
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