Analysts expect that Hanesbrands Inc. (NYSE:HBI) will post earnings of $0.52 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Hanesbrands’ earnings, with the lowest EPS estimate coming in at $0.51 and the highest estimate coming in at $0.53. Hanesbrands reported earnings of $0.53 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.9%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 1st.
On average, analysts expect that Hanesbrands will report full-year earnings of $1.94 per share for the current financial year, with EPS estimates ranging from $1.93 to $1.95. For the next fiscal year, analysts expect that the company will post earnings of $2.08 per share, with EPS estimates ranging from $1.94 to $2.18. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Hanesbrands.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.80 billion. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS.
Several equities research analysts have recently commented on HBI shares. Nomura dropped their target price on shares of Hanesbrands from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Oppenheimer reaffirmed a “buy” rating on shares of Hanesbrands in a research report on Wednesday, October 18th. B. Riley reaffirmed a “buy” rating on shares of Hanesbrands in a research report on Thursday, November 2nd. Wells Fargo & Co cut shares of Hanesbrands from an “outperform” rating to a “market perform” rating and set a $23.00 target price for the company. in a research report on Wednesday, October 25th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $23.00 target price on shares of Hanesbrands in a research report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $25.97.
Hanesbrands (NYSE HBI) traded down $0.07 during trading hours on Friday, hitting $21.03. 3,505,500 shares of the stock traded hands, compared to its average volume of 5,326,864. Hanesbrands has a 12-month low of $18.90 and a 12-month high of $25.73. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.85 and a current ratio of 1.88. The stock has a market cap of $7,692.73, a PE ratio of 12.98, a price-to-earnings-growth ratio of 1.21 and a beta of 0.70.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th were given a dividend of $0.15 per share. The ex-dividend date was Monday, November 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.85%. Hanesbrands’s dividend payout ratio (DPR) is currently 37.04%.
A number of hedge funds and other institutional investors have recently modified their holdings of HBI. Engine Capital Management LLC purchased a new position in Hanesbrands in the third quarter worth about $106,000. QS Investors LLC raised its holdings in Hanesbrands by 2.8% in the second quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after buying an additional 140 shares during the last quarter. Tiedemann Wealth Management LLC raised its holdings in Hanesbrands by 12.4% in the third quarter. Tiedemann Wealth Management LLC now owns 34,254 shares of the textile maker’s stock worth $129,000 after buying an additional 3,787 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in Hanesbrands in the third quarter worth about $138,000. Finally, Archford Capital Strategies LLC raised its holdings in Hanesbrands by 283.4% in the second quarter. Archford Capital Strategies LLC now owns 1,687 shares of the textile maker’s stock worth $141,000 after buying an additional 1,247 shares during the last quarter. 96.79% of the stock is owned by institutional investors.
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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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