Hanesbrands (HBI) Announces Quarterly Results
Hanesbrands (NYSE:HBI) issued its quarterly earnings data on Thursday. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.18, Stock Ratings Network reports. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 12.0% on a year-over-year basis. Hanesbrands updated its FY14 guidance to $4.80-5.00 EPS.
Hanesbrands (NYSE:HBI) traded up 1.36% on Thursday, hitting $75.43. The stock had a trading volume of 1,053,852 shares. Hanesbrands has a 52 week low of $48.30 and a 52 week high of $78.55. The stock has a 50-day moving average of $75.1 and a 200-day moving average of $70.02. The company has a market cap of $7.502 billion and a P/E ratio of 22.90.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Friday, May 9th.
A number of research firms have recently commented on HBI. Analysts at Zacks reiterated an “outperform” rating on shares of Hanesbrands in a research note on Thursday, March 6th. They now have a $90.00 price target on the stock. On the ratings front, analysts at Goldman Sachs initiated coverage on shares of Hanesbrands in a research note on Monday, March 3rd. They set a “neutral” rating on the stock. Finally, analysts at Nomura initiated coverage on shares of Hanesbrands in a research note on Friday, February 28th. They set a “hold” rating and a $73.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Hanesbrands presently has a consensus rating of “Buy” and an average price target of $77.30.
Hanesbrands Inc is a consumer goods company with a portfolio of apparel brands, including Hanes, Champion, Bali, Playtex, Just My Size, L’eggs, barely there, Wonderbra, Gear for Sports, Stedman, Zorba, Rinbros, Sol y Oro, Outer Banks and Duofold.
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