Research Analysts Offer Predictions for Hanesbrands Inc.’s FY2018 Earnings (HBI)

Hanesbrands Inc. (NYSE:HBI) – Stock analysts at B. Riley reduced their FY2018 EPS estimates for shares of Hanesbrands in a research note issued to investors on Friday, November 2nd. B. Riley analyst S. Anderson now forecasts that the textile maker will post earnings of $1.74 per share for the year, down from their previous forecast of $1.76. B. Riley also issued estimates for Hanesbrands’ Q4 2018 earnings at $0.48 EPS, FY2019 earnings at $1.95 EPS and FY2020 earnings at $2.17 EPS.

HBI has been the subject of a number of other reports. Barclays downgraded shares of Hanesbrands from an “overweight” rating to an “equal weight” rating and set a $22.00 price target for the company. 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 lowered their price objective on shares of Hanesbrands from $24.00 to $20.00 and set a “hold” rating for the company in a research report on Thursday, August 2nd. Finally, Buckingham Research lowered their price objective on shares of Hanesbrands from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, October 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $21.67.

NYSE HBI opened at $16.54 on Monday. The company has a debt-to-equity ratio of 4.44, a current ratio of 1.84 and a quick ratio of 0.79. Hanesbrands has a 1-year low of $15.55 and a 1-year high of $23.33. The company has a market capitalization of $5.75 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 0.93 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 for the quarter, meeting analysts’ consensus estimates of $0.55. Hanesbrands had a net margin of 0.10% and a return on equity of 85.49%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the business earned $0.60 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Tuesday, November 13th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 9th. This represents a $0.60 annualized dividend and a yield of 3.63%. Hanesbrands’s dividend payout ratio is currently 31.09%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Greylin Investment Mangement Inc. increased its holdings in shares of Hanesbrands by 55.3% during the second quarter. Greylin Investment Mangement Inc. now owns 43,460 shares of the textile maker’s stock worth $957,000 after buying an additional 15,475 shares in the last quarter. Pinnacle Associates Ltd. acquired a new position in shares of Hanesbrands during the second quarter worth $233,000. Carret Asset Management LLC increased its holdings in shares of Hanesbrands by 10.9% during the second quarter. Carret Asset Management LLC now owns 76,368 shares of the textile maker’s stock worth $1,682,000 after buying an additional 7,500 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Hanesbrands by 104.9% during the second quarter. Nisa Investment Advisors LLC now owns 70,330 shares of the textile maker’s stock worth $1,549,000 after buying an additional 36,000 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Hanesbrands by 113.5% during the second quarter. Millennium Management LLC now owns 3,044,642 shares of the textile maker’s stock worth $67,043,000 after buying an additional 1,618,879 shares in the last quarter. Institutional investors and hedge funds own 99.58% of the company’s stock.

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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