Q3 2016 EPS Estimates for HSN Inc. (HSNI) Cut by Analyst
HSN Inc. (NASDAQ:HSNI) – Stock analysts at Craig Hallum decreased their Q3 2016 earnings per share estimates for shares of HSN in a note issued to investors on Monday. Craig Hallum analyst A. Fuhrman now expects that the firm will post earnings per share of $0.49 for the quarter, down from their prior estimate of $0.52. Craig Hallum currently has a “Hold” rating and a $42.00 price target on the stock. Craig Hallum also issued estimates for HSN’s FY2016 earnings at $2.90 EPS, Q1 2017 earnings at $0.54 EPS and Q3 2017 earnings at $0.51 EPS.
Several other equities research analysts also recently issued reports on the stock. Citigroup Inc. downgraded shares of HSN from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $53.00 to $43.00 in a research note on Thursday, October 6th. Bank of America Corp. began coverage on shares of HSN in a research report on Tuesday, September 20th. They issued an “underperform” rating for the company. Sidoti dropped their target price on shares of HSN from $62.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, September 14th. TheStreet downgraded shares of HSN from a “buy” rating to a “hold” rating in a research report on Wednesday, August 24th. Finally, Axiom Securities dropped their target price on shares of HSN from $66.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, August 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. HSN has a consensus rating of “Hold” and a consensus target price of $55.67.
HSN (NASDAQ:HSNI) traded up 1.54% on Wednesday, reaching $38.85. 126,039 shares of the company traded hands. The company has a 50-day moving average price of $40.62 and a 200-day moving average price of $47.98. The company has a market capitalization of $2.03 billion, a P/E ratio of 13.86 and a beta of 1.04. HSN has a 12 month low of $37.34 and a 12 month high of $63.44.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/q3-2016-eps-estimates-for-hsn-inc-hsni-cut-by-analyst.html
HSN (NASDAQ:HSNI) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm earned $854.30 million during the quarter, compared to analysts’ expectations of $871.23 million. HSN had a net margin of 4.10% and a return on equity of 117.99%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Deprince Race & Zollo Inc. purchased a new position in HSN during the second quarter worth about $27,841,000. 1st Global Advisors Inc. raised its position in HSN by 1.6% in the second quarter. 1st Global Advisors Inc. now owns 8,621 shares of the company’s stock worth $422,000 after buying an additional 132 shares during the last quarter. Loomis Sayles & Co. L P raised its position in HSN by 0.7% in the first quarter. Loomis Sayles & Co. L P now owns 229,429 shares of the company’s stock worth $12,001,000 after buying an additional 1,492 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in HSN by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 921,943 shares of the company’s stock worth $48,227,000 after buying an additional 14,512 shares during the last quarter. Finally, Zebra Capital Management LLC raised its position in HSN by 30.3% in the first quarter. Zebra Capital Management LLC now owns 45,483 shares of the company’s stock worth $2,379,000 after buying an additional 10,571 shares during the last quarter. 63.67% of the stock is owned by hedge funds and other institutional investors.
In other HSN news, Director Thomas Mcinerney sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $43.62, for a total transaction of $174,480.00. Following the completion of the transaction, the director now directly owns 59,669 shares of the company’s stock, valued at approximately $2,602,761.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Wednesday, September 7th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Friday, September 2nd. HSN’s payout ratio is 50.00%.
HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and private-label merchandise directly to consumers through various platforms, including television home shopping programming broadcast on the HSN television networks; catalogs, comprising the Cornerstone portfolio of print catalogs; Websites, which consist of HSN.com, joymangano.com and over seven branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.
Receive News & Ratings for HSN Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSN Inc. and related companies with MarketBeat.com's FREE daily email newsletter.