Hanesbrands (HBI) Updates FY 2018 Earnings Guidance

Hanesbrands (NYSE:HBI) updated its FY 2018 earnings guidance on Thursday. The company provided earnings per share guidance of $1.69-1.73 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.74. The company issued revenue guidance of $6.735-6.775 billion, compared to the consensus revenue estimate of $6.76 billion.Hanesbrands also updated its Q4 guidance to $0.46 to $0.50 EPS.

Several equities research analysts recently commented on the stock. Barclays downgraded shares of Hanesbrands from an overweight rating to an equal weight rating and set a $22.00 target price on the stock. in a research report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Hanesbrands from a sell rating to a hold rating in a research report on Tuesday, October 23rd. ValuEngine downgraded shares of Hanesbrands from a sell rating to a strong sell rating in a research report on Thursday, August 2nd. Bank of America cut their target price on shares of Hanesbrands from $24.00 to $20.00 and set a hold rating on the stock in a research report on Thursday, August 2nd. Finally, Buckingham Research cut their target price on shares of Hanesbrands from $26.00 to $24.00 and set a buy rating on the stock in a research report on Wednesday, October 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $21.67.

Hanesbrands stock opened at $15.96 on Friday. The company has a debt-to-equity ratio of 5.41, a current ratio of 2.02 and a quick ratio of 0.84. Hanesbrands has a 52-week low of $15.55 and a 52-week high of $23.33. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 0.98 and a beta of 0.39.

Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Thursday, November 1st. The textile maker reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. Hanesbrands had a net margin of 0.58% and a return on equity of 78.67%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the business earned $0.60 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. Analysts forecast that Hanesbrands will post 1.72 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Tuesday, November 13th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $0.60 annualized dividend and a yield of 3.76%. Hanesbrands’s payout ratio is 31.09%.

About Hanesbrands

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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