Hibbett Sports (HIBB) Releases FY20 Earnings Guidance
Hibbett Sports (NASDAQ:HIBB) issued an update on its FY20 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $2.00-2.15 for the period, compared to the Thomson Reuters consensus estimate of $1.89. Hibbett Sports also updated its FY 2020 guidance to $2.00-2.15 EPS.
Hibbett Sports stock opened at $23.96 on Friday. The company has a quick ratio of 0.51, a current ratio of 2.12 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $440.51 million, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 4.69 and a beta of 0.71. Hibbett Sports has a twelve month low of $13.08 and a twelve month high of $29.60.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, May 24th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.29. The business had revenue of $343.30 million during the quarter, compared to the consensus estimate of $328.16 million. Hibbett Sports had a net margin of 2.82% and a return on equity of 9.95%. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.12 earnings per share. On average, equities analysts anticipate that Hibbett Sports will post 1.88 EPS for the current fiscal year.
About Hibbett Sports
Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates Hibbett.com, an e-commerce Website. It operates approximately 1,100 stores under the Hibbett Sports and City Gear names primarily in small and mid-sized communities in the United States.
Further Reading: Price-Sales Ratio
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