$832.09 Million in Sales Expected for HSN, Inc. (NASDAQ:HSNI) This Quarter
Equities research analysts forecast that HSN, Inc. (NASDAQ:HSNI) will post $832.09 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for HSN’s earnings, with estimates ranging from $828.50 million to $835.67 million. HSN reported sales of $854.31 million during the same quarter last year, which indicates a negative year-over-year growth rate of 2.6%. The firm is expected to report its next quarterly earnings report before the market opens on Thursday, August 3rd.
According to Zacks, analysts expect that HSN will report full-year sales of $832.09 million for the current financial year, with estimates ranging from $3.52 billion to $3.53 billion. For the next financial year, analysts expect that the company will report sales of $3.61 billion per share. Zacks’ sales calculations are a mean average based on a survey of research firms that follow HSN.
HSN (NASDAQ:HSNI) last released its quarterly earnings results on Wednesday, May 3rd. The specialty retailer reported $0.40 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. The firm had revenue of $785.40 million for the quarter, compared to analysts’ expectations of $785.22 million. HSN had a net margin of 3.15% and a return on equity of 72.70%. The business’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS.
Several analysts have recently issued reports on the stock. FBR & Co boosted their price target on shares of HSN from $35.00 to $40.00 and gave the company a “mkt perform” rating in a research report on Wednesday, July 12th. 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. Sidoti lowered shares of HSN from a “buy” rating to a “neutral” rating in a research report on Thursday, July 6th. Aegis lowered their price target on shares of HSN from $39.00 to $37.00 and set a “hold” rating on the stock in a research report on Thursday, July 6th. Finally, Zacks Investment Research raised shares of HSN from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. HSN has a consensus rating of “Hold” and an average price target of $47.56.
A number of large investors have recently made changes to their positions in HSNI. State Street Corp boosted its stake in shares of HSN by 2.0% in the fourth quarter. State Street Corp now owns 1,137,505 shares of the specialty retailer’s stock valued at $39,015,000 after buying an additional 22,552 shares during the last quarter. Credit Agricole S A purchased a new stake in shares of HSN during the fourth quarter valued at $286,000. Renaissance Technologies LLC boosted its stake in shares of HSN by 4.1% in the fourth quarter. Renaissance Technologies LLC now owns 175,200 shares of the specialty retailer’s stock valued at $6,009,000 after buying an additional 6,900 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of HSN by 105.3% in the fourth quarter. Guggenheim Capital LLC now owns 84,712 shares of the specialty retailer’s stock valued at $2,905,000 after buying an additional 43,459 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of HSN during the fourth quarter valued at $20,430,000. 59.54% of the stock is owned by institutional investors and hedge funds.
HSN (HSNI) traded down 1.63% on Friday, reaching $39.25. 392,218 shares of the company’s stock traded hands. HSN has a 52-week low of $30.75 and a 52-week high of $52.81. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 18.60 and a beta of 1.30. The company’s 50 day moving average is $34.21 and its 200-day moving average is $35.44.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 21st. Shareholders of record on Wednesday, June 7th were given a dividend of $0.35 per share. The ex-dividend date was Monday, June 5th. This represents a $1.40 annualized dividend and a yield of 3.57%. HSN’s payout ratio is currently 66.67%.
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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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