Hibbett Sports, Inc. (HIBB) Releases FY15 Earnings Guidance
Hibbett Sports, Inc. (NASDAQ:HIBB) issued an update on its FY15 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $2.78-2.98 for the period, compared to the Thomson Reuters consensus estimate of $2.89, AR Network reports.
Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) opened at 57.11 on Friday. Hibbett Sports, Inc. has a 52-week low of $50.67 and a 52-week high of $68.31. The stock has a 50-day moving average of $54.21 and a 200-day moving average of $59.03. The company has a market cap of $1.474 billion and a P/E ratio of 20.94.
Hibbett Sports (NASDAQ:HIBB) last announced its earnings results on Friday, May 23rd. The company reported $1.09 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.09. The company had revenue of $261.90 million for the quarter, compared to the consensus estimate of $263.69 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts predict that Hibbett Sports, Inc. will post $2.90 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on HIBB shares. Analysts at Bank of America initiated coverage on shares of Hibbett Sports in a research note on Tuesday, May 6th. They set a buy rating and a $64.00 price target on the stock. On a related note, analysts at Sidoti upgraded shares of Hibbett Sports from a neutral rating to a buy rating in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $58.70.
Hibbett Sports, Inc is an operator of sporting goods retail stores in small to mid-sized markets predominately in the Southeast, Southwest, Mid-Atlantic and Midwest regions of the United States.
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