Analysts Expect HSN, Inc. (HSNI) to Post $0.41 Earnings Per Share
Wall Street analysts expect HSN, Inc. (NASDAQ:HSNI) to post earnings per share (EPS) of $0.41 for the current quarter, Zacks Investment Research reports. Two analysts have made 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 during 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 quarterly earnings results on Monday, November 6th.
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 $2.39 to $2.51. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.74 per share, with EPS estimates ranging from $2.61 to $2.96. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for HSN.
HSN (NASDAQ:HSNI) last released its 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. HSN had a return on equity of 64.60% and a net margin of 3.36%. The firm had revenue of $821.40 million during the quarter, compared to analysts’ expectations of $831.18 million. During the same quarter last year, the business posted $0.74 earnings per share. The firm’s revenue was down 3.9% on a year-over-year basis.
HSNI has been the subject of several analyst reports. Maxim Group set a $61.00 price objective on HSN and gave the company a “buy” rating in a report on Friday, July 7th. Aegis decreased their price objective on HSN from $39.00 to $37.00 and set a “hold” rating for the company in a report on Thursday, July 6th. Zacks Investment Research raised HSN from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. ValuEngine cut HSN from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, FBR & Co lifted their price target on HSN from $35.00 to $40.00 and gave the company a “mkt perform” rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $46.38.
HSN (HSNI) traded up 0.327% during mid-day trading on Thursday, hitting $38.325. The company had a trading volume of 171,168 shares. HSN has a 12 month low of $30.75 and a 12 month high of $42.75. The company has a 50-day moving average price of $37.47 and a 200 day moving average price of $36.09. The firm has a market capitalization of $2.01 billion, a P/E ratio of 17.186 and a beta of 1.34.
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 3.66%. HSN’s dividend payout ratio is presently 63.06%.
Institutional investors have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund increased its stake in shares of HSN by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,315 shares of the specialty retailer’s stock valued at $420,000 after purchasing an additional 200 shares in the last quarter. FFT Wealth Management LLC increased its stake in HSN by 13.5% during the 2nd quarter. FFT Wealth Management LLC now owns 161,930 shares of the specialty retailer’s stock worth $5,166,000 after buying an additional 19,264 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in HSN by 2.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,300 shares of the specialty retailer’s stock worth $265,000 after buying an additional 200 shares in the last quarter. First Trust Advisors LP increased its stake in HSN by 99.7% during the 1st quarter. First Trust Advisors LP now owns 59,909 shares of the specialty retailer’s stock worth $2,223,000 after buying an additional 29,907 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its stake in HSN by 11.7% during the 1st quarter. Deprince Race & Zollo Inc. now owns 774,154 shares of the specialty retailer’s stock worth $28,721,000 after buying an additional 81,344 shares in the last quarter. Hedge funds and other institutional investors own 57.88% of the company’s stock.
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HSN Company Profile
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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