Hibbett Sports (HIBB) Set to Announce Quarterly Earnings on Friday
Hibbett Sports (NASDAQ:HIBB) will be announcing its Q215 earnings results on Friday, August 22nd. Analysts expect the company to announce earnings of $0.31 per share and revenue of $201.05 million for the quarter. Hibbett Sports has set its FY15 guidance at $2.78-2.98 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.
Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings data 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 expect Hibbett Sports to post $2.68 EPS for the current fiscal year and $3.05 EPS for the next fiscal year.
Shares of Hibbett Sports (NASDAQ:HIBB) opened at 46.81 on Thursday. Hibbett Sports has a one year low of $43.51 and a one year high of $68.31. The stock has a 50-day moving average of $50.40 and a 200-day moving average of $53.96. The company has a market cap of $1.199 billion and a price-to-earnings ratio of 16.61.
A number of research firms have recently commented on HIBB. Analysts at Needham & Company LLC cut their price target on shares of Hibbett Sports from $63.00 to $55.00 in a research note on Monday. They now have a “buy” rating on the stock. On a related note, analysts at Sterne Agee downgraded shares of Hibbett Sports from a “buy” rating to a “neutral” rating in a research note on Friday, August 8th. Finally, analysts at BMO Capital Markets downgraded shares of Hibbett Sports from an “outperform” rating to a “market perform” rating in a research note on Friday, August 8th. They now have a $52.00 price target on the stock, down previously from $64.00. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Hibbett Sports presently has a consensus rating of “Hold” and an average target price of $55.56.
Hibbett Sports, Inc operates sporting goods stores in small and mid-sized markets predominantly in the South, Southwest, Mid-Atlantic and the Midwest.
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