$819.99 Million in Sales Expected for HSN, Inc. (HSNI) This Quarter
Brokerages expect HSN, Inc. (NASDAQ:HSNI) to post $819.99 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for HSN’s earnings. The highest sales estimate is $821.00 million and the lowest is $818.97 million. HSN reported sales of $823.02 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.4%. The company is expected to report its next earnings results on Monday, November 6th.
According to Zacks, analysts expect that HSN will report full-year sales of $819.99 million for the current fiscal year, with estimates ranging from $3.52 billion to $3.53 billion. For the next financial year, analysts forecast that the firm will post sales of $3.61 billion per share. Zacks’ sales averages are a mean average based on a survey of research firms that follow HSN.
HSN (NASDAQ:HSNI) last issued its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.05. The firm had revenue of $821.40 million during the quarter, compared to analysts’ expectations of $831.18 million. HSN had a net margin of 3.36% and a return on equity of 64.60%. HSN’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 earnings per share.
HSNI has been the subject of a number of analyst reports. ValuEngine downgraded shares of HSN from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of HSN from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Aegis decreased their target price on shares of HSN from $39.00 to $37.00 and set a “hold” rating for the company in a research report on Thursday, July 6th. Sidoti downgraded shares of HSN from a “buy” rating to a “neutral” rating in a research report on Thursday, July 6th. Finally, BidaskClub raised shares of HSN from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $44.71.
Shares of HSN (NASDAQ:HSNI) opened at 38.20 on Friday. HSN has a one year low of $30.75 and a one year high of $42.75. The company has a 50-day moving average of $37.31 and a 200-day moving average of $36.10. The company has a market capitalization of $2.00 billion, a PE ratio of 17.13 and a beta of 1.34.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Wednesday, September 6th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Friday, September 1st. HSN’s dividend payout ratio (DPR) is presently 63.06%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of HSN by 2.9% in the 2nd quarter. BlackRock Inc. now owns 3,334,104 shares of the specialty retailer’s stock valued at $106,357,000 after acquiring an additional 93,621 shares during the period. Vanguard Group Inc. grew its position in shares of HSN by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,779,690 shares of the specialty retailer’s stock valued at $88,673,000 after acquiring an additional 97,182 shares during the period. Eagle Asset Management Inc. grew its position in shares of HSN by 2.8% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,478,595 shares of the specialty retailer’s stock valued at $47,167,000 after acquiring an additional 40,011 shares during the period. State Street Corp grew its position in shares of HSN by 6.0% in the 2nd quarter. State Street Corp now owns 1,210,032 shares of the specialty retailer’s stock valued at $38,604,000 after acquiring an additional 68,075 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of HSN by 9.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 989,913 shares of the specialty retailer’s stock valued at $31,578,000 after acquiring an additional 84,636 shares during the period. 57.88% of the stock is owned by institutional investors.
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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