Research Analysts Offer Predictions for HSN Inc.’s Q4 2016 Earnings (HSNI)
HSN Inc. (NASDAQ:HSNI) – Research analysts at Craig Hallum cut their Q4 2016 EPS estimates for HSN in a note issued to investors on Monday. Craig Hallum analyst A. Fuhrman now forecasts that the brokerage will post earnings of $1.13 per share for the quarter, down from their prior forecast of $1.20. Craig Hallum currently has a “Hold” rating and a $42.00 target price on the stock. Craig Hallum also issued estimates for HSN’s Q2 2017 earnings at $0.77 EPS, Q4 2017 earnings at $1.17 EPS and FY2017 earnings at $3.00 EPS.
Several other analysts also recently commented on HSNI. FBR & Co cut their target price on HSN from $53.00 to $51.00 and set a “mkt perform” rating on the stock in a research note on Friday, August 5th. Maxim Group cut their target price on HSN from $66.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, August 5th. Citigroup Inc. cut their target price on HSN from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, August 10th. Sidoti cut their target price on HSN from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, September 14th. Finally, Wunderlich lowered their price target on HSN from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Monday, July 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. HSN presently has a consensus rating of “Hold” and a consensus price target of $55.67.
Shares of HSN (NASDAQ:HSNI) traded down 1.50% during trading on Thursday, hitting $38.13. The stock had a trading volume of 147,385 shares. HSN has a 1-year low of $37.34 and a 1-year high of $63.44. The firm has a market capitalization of $1.99 billion, a P/E ratio of 13.60 and a beta of 1.04. The stock’s 50-day moving average price is $40.48 and its 200 day moving average price is $47.91.
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HSN (NASDAQ:HSNI) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The company earned $854.30 million during the quarter, compared to analysts’ expectations of $871.23 million. HSN had a return on equity of 117.99% and a net margin of 4.10%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 earnings per share.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Wednesday, September 7th were issued a $0.35 dividend. The ex-dividend date was Friday, September 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 3.62%. HSN’s dividend payout ratio is currently 50.00%.
In other HSN news, Director Thomas Mcinerney sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $43.51, for a total transaction of $174,040.00. Following the sale, the director now directly owns 53,669 shares of the company’s stock, valued at $2,335,138.19. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.60% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of HSNI. Metropolitan Life Insurance Co. NY boosted its stake in HSN by 1.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 52,163 shares of the company’s stock worth $2,729,000 after buying an additional 722 shares in the last quarter. Renaissance Technologies LLC boosted its stake in HSN by 4,208.7% in the first quarter. Renaissance Technologies LLC now owns 297,300 shares of the company’s stock worth $15,552,000 after buying an additional 290,400 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake 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 in the last quarter. UBS Asset Management Americas Inc. boosted its stake in HSN by 141.3% in the first quarter. UBS Asset Management Americas Inc. now owns 112,446 shares of the company’s stock worth $5,882,000 after buying an additional 65,842 shares in the last quarter. Finally, Scotia Capital Inc. acquired a new stake in HSN during the first quarter worth approximately $357,000. 63.67% of the stock is currently owned by institutional investors and hedge funds.
HSN Company Profile
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.
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