Hanesbrands Inc. (HBI) to Release Earnings on Tuesday
Hanesbrands Inc. (NYSE:HBI) is scheduled to be releasing its earnings data after the market closes on Tuesday, August 1st. Analysts expect Hanesbrands to post earnings of $0.53 per share for the quarter. Hanesbrands has set its Q2 guidance at $0.51-0.54 EPS and its FY17 guidance at $1.93-2.03 EPS.
Hanesbrands (NYSE:HBI) last posted its earnings results on Tuesday, May 2nd. The textile maker reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.39 billion. Hanesbrands had a return on equity of 65.05% and a net margin of 8.56%. On average, analysts expect Hanesbrands to post $1.97 EPS for the current fiscal year and $2.13 EPS for the next fiscal year.
Hanesbrands Inc. (HBI) traded down 0.8286% during mid-day trading on Thursday, hitting $23.1962. The company’s stock had a trading volume of 780,217 shares. The firm’s 50-day moving average is $22.76 and its 200-day moving average is $21.56. The company has a market cap of $8.45 billion, a P/E ratio of 16.7482 and a beta of 0.74. Hanesbrands Inc. has a 12-month low of $18.91 and a 12-month high of $28.24. Hanesbrands also was the recipient of some unusual options trading on Wednesday. Stock investors bought 22,638 put options on the stock. This represents an increase of approximately 1,310% compared to the average daily volume of 1,605 put options.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 2.57%. Hanesbrands’s dividend payout ratio is presently 43.17%.
In other Hanesbrands news, insider W Howard Upchurch, Jr. sold 55,850 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $22.90, for a total transaction of $1,278,965.00. Following the sale, the insider now directly owns 579,663 shares of the company’s stock, valued at approximately $13,274,282.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gerald Evans sold 42,109 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $21.74, for a total value of $915,449.66. Following the sale, the chief executive officer now directly owns 1,061,098 shares in the company, valued at $23,068,270.52. The disclosure for this sale can be found here. Insiders have sold a total of 152,438 shares of company stock worth $3,450,467 over the last ninety days. 1.10% of the stock is owned by insiders.
Several analysts have recently commented on the company. BidaskClub upgraded Hanesbrands from a “hold” rating to a “buy” rating in a report on Tuesday. Buckingham Research restated a “buy” rating and issued a $30.00 target price on shares of Hanesbrands in a research note on Monday, July 17th. DA Davidson set a $27.00 target price on Hanesbrands and gave the stock a “buy” rating in a research note on Saturday, April 8th. FBR & Co restated a “buy” rating on shares of Hanesbrands in a research note on Saturday, April 15th. Finally, ValuEngine upgraded Hanesbrands from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $27.74.
Hanesbrands Company Profile
Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.
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