$0.41 EPS Expected for HSN, Inc. (HSNI) This Quarter
Equities research analysts expect that HSN, Inc. (NASDAQ:HSNI) will post $0.41 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for HSN’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.43. HSN reported earnings per share of $0.52 in the same quarter last year, which would suggest a negative year over year growth rate of 21.2%. The company is scheduled to announce its next earnings report on Monday, November 6th.
On average, analysts expect that HSN will report full-year earnings of $2.42 per share for the current year, with EPS estimates ranging from $2.37 to $2.51. For the next financial year, analysts expect that the business will post earnings of $2.74 per share, with EPS estimates ranging from $2.61 to $2.96. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow HSN.
HSN (NASDAQ:HSNI) last posted its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. The company had revenue of $821.40 million for the quarter, compared to analyst estimates of $831.18 million. HSN had a net margin of 3.36% and a return on equity of 64.60%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the business posted $0.74 EPS.
Several brokerages have recently weighed in on HSNI. Sidoti lowered shares of HSN from a “buy” rating to a “neutral” rating in a research report on Thursday, July 6th. Maxim Group set a $61.00 price objective on shares of HSN and gave the company a “buy” rating in a research report on Friday, July 7th. FBR & Co increased their price objective 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. Aegis began coverage on shares of HSN in a research report on Tuesday, April 11th. They issued a “hold” rating and a $41.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of HSN from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $47.56.
Several institutional investors have recently added to or reduced their stakes in HSNI. Parametrica Management Ltd increased its position in HSN by 19.4% in the first quarter. Parametrica Management Ltd now owns 8,135 shares of the specialty retailer’s stock valued at $302,000 after buying an additional 1,319 shares during the period. Teachers Advisors LLC increased its position in HSN by 342.3% in the fourth quarter. Teachers Advisors LLC now owns 277,844 shares of the specialty retailer’s stock valued at $9,530,000 after buying an additional 215,022 shares during the period. Oregon Public Employees Retirement Fund increased its position in HSN by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,315 shares of the specialty retailer’s stock valued at $420,000 after buying an additional 200 shares during the period. First Trust Advisors LP increased its position in HSN by 99.7% in the first quarter. First Trust Advisors LP now owns 59,909 shares of the specialty retailer’s stock valued at $2,223,000 after buying an additional 29,907 shares during the period. Finally, Deprince Race & Zollo Inc. increased its position in HSN by 11.7% in the first quarter. Deprince Race & Zollo Inc. now owns 774,154 shares of the specialty retailer’s stock valued at $28,721,000 after buying an additional 81,344 shares during the period. Institutional investors and hedge funds own 59.54% of the company’s stock.
HSN (HSNI) traded down 10.477% during mid-day trading on Tuesday, reaching $35.675. 920,629 shares of the company’s stock traded hands. The firm has a 50 day moving average of $35.92 and a 200 day moving average of $35.80. The firm has a market cap of $1.87 billion, a PE ratio of 16.908 and a beta of 1.34. HSN has a 1-year low of $30.75 and a 1-year high of $47.45.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Wednesday, September 6th will be paid a $0.35 dividend. The ex-dividend date is Friday, September 1st. This represents a $1.40 annualized dividend and a dividend yield of 3.51%. HSN’s dividend payout ratio (DPR) is presently 63.06%.
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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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