Brokerages forecast that Hanesbrands Inc. (NYSE:HBI) will report $0.47 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Hanesbrands’ earnings. The lowest EPS estimate is $0.47 and the highest is $0.48. Hanesbrands reported earnings of $0.52 per share during the same quarter last year, which would suggest a negative year over year growth rate of 9.6%. The firm is expected to issue its next quarterly earnings report on Thursday, February 14th.
According to Zacks, analysts expect that Hanesbrands will report full-year earnings of $1.74 per share for the current financial year, with EPS estimates ranging from $1.73 to $1.76. For the next fiscal year, analysts anticipate that the company will post earnings of $1.84 per share, with EPS estimates ranging from $1.78 to $1.95. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Hanesbrands.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Thursday, November 1st. The textile maker reported $0.55 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.55. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Hanesbrands had a return on equity of 85.49% and a net margin of 0.10%. Hanesbrands’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS.
A number of research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Hanesbrands from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, July 24th. Bank of America reduced their price target on shares of Hanesbrands from $24.00 to $20.00 and set a “hold” rating for the company in a research report on Thursday, August 2nd. Macquarie reduced their price target on shares of Hanesbrands from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Thursday, August 23rd. Buckingham Research reduced their price target on shares of Hanesbrands from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, August 16th. Finally, ValuEngine lowered shares of Hanesbrands from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.67.
Shares of HBI remained flat at $$16.56 during mid-day trading on Friday. 5,162,773 shares of the stock were exchanged, compared to its average volume of 6,770,255. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 8.58, a P/E/G ratio of 0.98 and a beta of 0.39. The company has a debt-to-equity ratio of 4.44, a current ratio of 1.84 and a quick ratio of 0.79. Hanesbrands has a 12-month low of $15.55 and a 12-month high of $23.33.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Tuesday, November 13th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 9th. This represents a $0.60 annualized dividend and a yield of 3.62%. Hanesbrands’s dividend payout ratio (DPR) is presently 31.09%.
In related news, Director Ronald L. Nelson bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was bought at an average cost of $15.95 per share, for a total transaction of $398,750.00. Following the completion of the transaction, the director now owns 131,683 shares of the company’s stock, valued at $2,100,343.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joia M. Johnson sold 20,000 shares of the company’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $16.52, for a total transaction of $330,400.00. The disclosure for this sale can be found here. 1.06% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Truvestments Capital LLC acquired a new stake in shares of Hanesbrands in the third quarter valued at about $129,000. WP Advisors LLC purchased a new stake in shares of Hanesbrands during the 2nd quarter worth $145,000. Amica Retiree Medical Trust boosted its position in shares of Hanesbrands by 180.3% during the 2nd quarter. Amica Retiree Medical Trust now owns 7,296 shares of the textile maker’s stock worth $161,000 after purchasing an additional 4,693 shares in the last quarter. First Capital Advisors Group LLC. purchased a new stake in shares of Hanesbrands during the 3rd quarter worth $185,000. Finally, Advisory Services Network LLC boosted its position in shares of Hanesbrands by 124.7% during the 2nd quarter. Advisory Services Network LLC now owns 8,503 shares of the textile maker’s stock worth $187,000 after purchasing an additional 4,719 shares in the last quarter. Institutional investors and hedge funds own 99.58% of the company’s stock.
Hanesbrands Company Profile
Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells bras, panties, men's underwear, children's underwear, activewear, socks, hosiery, intimate apparel, shapewears, and home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.
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