Equities analysts expect Hanesbrands Inc. (NYSE:HBI) to post $0.52 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Hanesbrands’ earnings, with the lowest EPS estimate coming in at $0.51 and the highest estimate coming in at $0.53. Hanesbrands posted earnings of $0.53 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 1.9%. The business is expected to announce its next quarterly earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Hanesbrands will report full-year earnings of $1.94 per share for the current year, with EPS estimates ranging from $1.93 to $1.95. For the next year, analysts expect that the firm will post earnings of $2.09 per share, with EPS estimates ranging from $1.94 to $2.18. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Hanesbrands.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the company earned $0.56 EPS. The company’s revenue was up 2.2% compared to the same quarter last year.

Several brokerages have recently weighed in on HBI. Stifel Nicolaus reaffirmed a “hold” rating and issued a $23.00 price target on shares of Hanesbrands in a research report on Tuesday, September 26th. Oppenheimer reaffirmed a “buy” rating on shares of Hanesbrands in a research report on Wednesday, October 18th. BidaskClub cut shares of Hanesbrands from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Vetr raised shares of Hanesbrands from a “buy” rating to a “strong-buy” rating and set a $26.36 price target for the company in a research report on Monday, August 21st. Finally, Cowen set a $22.00 price target on shares of Hanesbrands and gave the stock a “hold” rating in a research report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company. Hanesbrands presently has a consensus rating of “Hold” and a consensus target price of $26.13.

Shares of Hanesbrands (HBI) traded down $0.10 on Tuesday, hitting $20.65. 6,359,700 shares of the stock traded hands, compared to its average volume of 5,285,420. Hanesbrands has a 52-week low of $18.90 and a 52-week high of $25.73. The stock has a market cap of $7,565.12, a PE ratio of 10.64, a PEG ratio of 1.19 and a beta of 0.70. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.88 and a quick ratio of 0.85.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, November 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.91%. Hanesbrands’s dividend payout ratio (DPR) is presently 37.04%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Freestone Capital Holdings LLC increased its stake in Hanesbrands by 14.0% during the 2nd quarter. Freestone Capital Holdings LLC now owns 180,729 shares of the textile maker’s stock valued at $4,186,000 after purchasing an additional 22,190 shares in the last quarter. HAP Trading LLC increased its stake in Hanesbrands by 180.8% during the 3rd quarter. HAP Trading LLC now owns 12,934 shares of the textile maker’s stock valued at $319,000 after purchasing an additional 28,934 shares in the last quarter. Northern Capital Management LLC acquired a new position in Hanesbrands during the 3rd quarter valued at approximately $3,816,000. Victory Capital Management Inc. increased its stake in shares of Hanesbrands by 4.5% in the third quarter. Victory Capital Management Inc. now owns 698,044 shares of the textile maker’s stock worth $17,199,000 after acquiring an additional 30,202 shares during the period. Finally, Tradition Capital Management LLC increased its stake in shares of Hanesbrands by 21.8% in the second quarter. Tradition Capital Management LLC now owns 249,960 shares of the textile maker’s stock worth $5,789,000 after acquiring an additional 44,785 shares during the period. Hedge funds and other institutional investors own 96.92% of the company’s stock.

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About Hanesbrands

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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Earnings History and Estimates for Hanesbrands (NYSE:HBI)

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