HSN, Inc. (NASDAQ:HSNI) Expected to Post Earnings of $0.58 Per Share
Equities analysts predict that HSN, Inc. (NASDAQ:HSNI) will announce $0.58 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for HSN’s earnings, with estimates ranging from $0.55 to $0.62. HSN posted earnings of $0.74 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 21.6%. The company is scheduled to announce its next earnings results before the market opens on Thursday, August 3rd.
According to Zacks, analysts expect that HSN will report full-year earnings of $2.45 per share for the current fiscal year, with EPS estimates ranging from $2.37 to $2.51. For the next year, analysts expect that the business will post earnings of $2.73 per share, with EPS estimates ranging from $2.61 to $2.96. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow HSN.
HSN (NASDAQ:HSNI) last posted its earnings results on Wednesday, May 3rd. The specialty retailer reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. HSN had a return on equity of 72.70% and a net margin of 3.15%. The company had revenue of $785.40 million during the quarter, compared to analyst estimates of $785.22 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. HSN’s revenue was down 3.8% on a year-over-year basis.
A number of equities research analysts recently weighed in on HSNI shares. Aegis started coverage on shares of HSN in a report on Tuesday, April 11th. They set a “hold” rating and a $41.00 price target for the company. FBR & Co lifted their price objective on shares of HSN from $35.00 to $40.00 and gave the stock a “mkt perform” rating in a research note on Wednesday, July 12th. Zacks Investment Research cut shares of HSN from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 9th. Sidoti lowered shares of HSN from a “buy” rating to a “neutral” rating in a report on Thursday, July 6th. Finally, Maxim Group set a $61.00 price target on shares of HSN and gave the company a “buy” rating in a research report on Friday, July 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $47.56.
HSN (NASDAQ HSNI) opened at 39.05 on Wednesday. HSN has a 52-week low of $30.75 and a 52-week high of $52.81. The company has a 50 day moving average price of $33.87 and a 200 day moving average price of $35.37. The firm has a market capitalization of $2.05 billion, a P/E ratio of 18.51 and a beta of 1.30.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 21st. Shareholders of record on Wednesday, June 7th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, June 5th. This represents a $1.40 dividend on an annualized basis and a yield of 3.59%. HSN’s dividend payout ratio (DPR) is presently 66.67%.
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A number of hedge funds have recently modified their holdings of HSNI. First Mercantile Trust Co. boosted its stake in shares of HSN by 22.7% in the first quarter. First Mercantile Trust Co. now owns 2,700 shares of the specialty retailer’s stock worth $100,000 after buying an additional 500 shares during the period. Advantus Capital Management Inc boosted its stake in HSN by 5.9% in the first quarter. Advantus Capital Management Inc now owns 4,090 shares of the specialty retailer’s stock valued at $152,000 after buying an additional 228 shares during the last quarter. US Bancorp DE boosted its stake in HSN by 5.5% in the first quarter. US Bancorp DE now owns 4,326 shares of the specialty retailer’s stock valued at $160,000 after buying an additional 226 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in HSN by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 5,505 shares of the specialty retailer’s stock valued at $204,000 after buying an additional 18 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its stake in HSN by 124.1% in the second quarter. North Star Investment Management Corp. now owns 5,715 shares of the specialty retailer’s stock valued at $182,000 after buying an additional 3,165 shares during the last quarter. 59.54% of the stock is currently owned by institutional investors and hedge funds.
HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and merchandise directly to consumers through various platforms, including television home shopping programing broadcast on the HSN television networks and other direct-response television marketing; catalogs, consisting of the Cornerstone portfolio of print catalogs, which includes, Ballard Designs, Frontgate, Garnet Hill, Grandin Road and Improvements; Websites, which consist primarily of HSN.com, joymangano.com and the five branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.
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