Hibbett Sports, Inc. (NASDAQ:HIBB) Set to Announce Earnings on Thursday
Hibbett Sports, Inc. (NASDAQ:HIBB) is scheduled to post its quarterly earnings results before the market opens on Thursday, August 17th. Analysts expect Hibbett Sports to post earnings of $0.15 per share for the quarter. Hibbett Sports has set its FY18 guidance at $2.35-2.55 EPS.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Thursday, May 18th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $275.70 million during the quarter, compared to analyst estimates of $275.49 million. Hibbett Sports had a net margin of 5.59% and a return on equity of 16.39%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business earned $1.22 earnings per share. On average, analysts expect Hibbett Sports to post $1.76 EPS for the current fiscal year and $1.89 EPS for the next fiscal year.
Hibbett Sports, Inc. (NASDAQ:HIBB) opened at 14.20 on Thursday. The firm’s 50-day moving average is $18.91 and its 200-day moving average is $25.79. The company has a market cap of $294.88 million, a price-to-earnings ratio of 5.82 and a beta of 0.71. Hibbett Sports, Inc. has a 12 month low of $12.90 and a 12 month high of $45.85.
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A number of research firms have issued reports on HIBB. Susquehanna Bancshares Inc restated a “neutral” rating and set a $32.00 price target (down from $33.00) on shares of Hibbett Sports in a research note on Tuesday, April 18th. Zacks Investment Research upgraded Hibbett Sports from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Vetr upgraded Hibbett Sports from a “buy” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research note on Monday, April 17th. B. Riley restated a “neutral” rating and set a $29.00 price target on shares of Hibbett Sports in a research note on Wednesday, April 26th. Finally, Canaccord Genuity restated a “hold” rating and set a $29.00 price target on shares of Hibbett Sports in a research note on Wednesday, April 26th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $26.61.
About Hibbett Sports
Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states.
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