$0.52 Earnings Per Share Expected for Hanesbrands Inc. (HBI) This Quarter
Equities research analysts forecast that Hanesbrands Inc. (NYSE:HBI) will announce $0.52 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Hanesbrands’ earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.51. Hanesbrands posted earnings of $0.53 per share in the same quarter last year, which would indicate a negative year over year growth rate of 1.9%. The firm is scheduled to issue its next 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 financial year, with EPS estimates ranging from $1.93 to $1.95. For the next year, analysts anticipate that the company will post earnings of $2.08 per share, with EPS estimates ranging from $1.94 to $2.18. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Hanesbrands.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Shares of Hanesbrands (NYSE HBI) traded up $0.08 on Monday, hitting $22.42. 3,893,276 shares of the stock traded hands, compared to its average volume of 4,773,033. The firm has a market cap of $8,170.00, a PE ratio of 13.84, a P/E/G ratio of 1.20 and a beta of 0.72. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.88 and a quick ratio of 0.85. Hanesbrands has a 12 month low of $18.90 and a 12 month high of $25.73.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Hanesbrands by 0.8% during the second quarter. BlackRock Inc. now owns 23,050,392 shares of the textile maker’s stock worth $533,848,000 after purchasing an additional 174,498 shares during the period. State Street Corp boosted its holdings in shares of Hanesbrands by 0.9% during the second quarter. State Street Corp now owns 15,512,816 shares of the textile maker’s stock worth $359,281,000 after purchasing an additional 136,465 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Hanesbrands by 2.9% during the third quarter. Bessemer Group Inc. now owns 5,977,411 shares of the textile maker’s stock worth $147,284,000 after purchasing an additional 169,250 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Hanesbrands by 33.3% during the third quarter. Bank of New York Mellon Corp now owns 4,638,005 shares of the textile maker’s stock worth $114,282,000 after purchasing an additional 1,159,722 shares during the period. Finally, Check Capital Management Inc. CA boosted its holdings in shares of Hanesbrands by 100.0% during the third quarter. Check Capital Management Inc. CA now owns 4,413,635 shares of the textile maker’s stock worth $108,752,000 after purchasing an additional 2,207,066 shares during the period. Institutional investors and hedge funds own 96.67% of the company’s stock.
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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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