Analysts expect that Hanesbrands Inc. (NYSE:HBI) will post earnings per share of $0.56 for the current quarter, Zacks reports. Four analysts have provided estimates for Hanesbrands’ earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.57. Hanesbrands posted earnings of $0.60 per share during the same quarter last year, which would suggest a negative year over year growth rate of 6.7%. The firm is expected to issue its next earnings report on Wednesday, November 7th.
According to Zacks, analysts expect that Hanesbrands will report full-year earnings of $1.76 per share for the current fiscal year, with EPS estimates ranging from $1.71 to $1.79. For the next financial year, analysts forecast that the firm will report earnings of $1.91 per share, with EPS estimates ranging from $1.73 to $2.05. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Hanesbrands.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Wednesday, August 1st. The textile maker reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Hanesbrands had a return on equity of 78.67% and a net margin of 0.58%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS.
HBI has been the subject of several recent analyst reports. Credit Suisse Group dropped their price objective on shares of Hanesbrands from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, August 2nd. ValuEngine raised shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a report on Thursday, June 21st. UBS Group initiated coverage on shares of Hanesbrands in a report on Thursday, June 21st. They set a “neutral” rating and a $22.00 price objective for the company. Zacks Investment Research raised shares of Hanesbrands from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Tuesday, July 24th. Finally, Buckingham Research dropped their price objective on shares of Hanesbrands from $28.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, August 16th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $23.61.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HBI. Duncker Streett & Co. Inc. boosted its stake in Hanesbrands by 12.6% in the second quarter. Duncker Streett & Co. Inc. now owns 22,275 shares of the textile maker’s stock valued at $490,000 after acquiring an additional 2,500 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Hanesbrands by 22.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 14,846 shares of the textile maker’s stock valued at $327,000 after acquiring an additional 2,725 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Hanesbrands by 0.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 701,437 shares of the textile maker’s stock valued at $15,446,000 after acquiring an additional 2,887 shares during the last quarter. Isthmus Partners LLC boosted its stake in Hanesbrands by 1.1% in the second quarter. Isthmus Partners LLC now owns 274,533 shares of the textile maker’s stock valued at $6,045,000 after acquiring an additional 2,894 shares during the last quarter. Finally, Ridgewood Investments LLC boosted its stake in Hanesbrands by 27.1% in the second quarter. Ridgewood Investments LLC now owns 14,806 shares of the textile maker’s stock valued at $326,000 after acquiring an additional 3,154 shares during the last quarter. 99.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE HBI traded up $0.25 during mid-day trading on Wednesday, hitting $17.94. 124,082 shares of the stock were exchanged, compared to its average volume of 5,268,347. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 1.02 and a beta of 0.39. The company has a current ratio of 2.02, a quick ratio of 0.84 and a debt-to-equity ratio of 5.41. Hanesbrands has a twelve month low of $16.38 and a twelve month high of $25.36.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Tuesday, August 14th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, August 13th. This represents a $0.60 annualized dividend and a dividend yield of 3.34%. Hanesbrands’s dividend payout ratio (DPR) is currently 31.09%.
Hanesbrands Company Profile
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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