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.

Several brokerages have recently issued reports on HBI. Deutsche Bank began coverage on shares of Hanesbrands in a research note on Monday, October 23rd. They issued a “buy” rating and a $29.00 price objective on the stock. Zacks Investment Research raised shares of Hanesbrands from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Monday, October 9th. ValuEngine downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Stifel Nicolaus reissued a “hold” rating and issued a $23.00 target price on shares of Hanesbrands in a research report on Tuesday, September 26th. Finally, TheStreet downgraded shares of Hanesbrands from a “b” rating to a “c+” rating in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. Hanesbrands has a consensus rating of “Hold” and a consensus target price of $25.63.

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.

TRADEMARK VIOLATION NOTICE: This article was first published by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://www.americanbankingnews.com/2018/01/15/0-52-earnings-per-share-expected-for-hanesbrands-inc-hbi-this-quarter.html.

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.

Get a free copy of the Zacks research report on Hanesbrands (HBI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hanesbrands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands and related companies with MarketBeat.com's FREE daily email newsletter.