Hibbett Sports (NASDAQ:HIBB) will be posting its quarterly earnings results before the market opens on Friday, May 24th. Analysts expect Hibbett Sports to post earnings of $1.29 per share for the quarter. Hibbett Sports has set its FY 2020 guidance at $1.80-2.00 EPS and its FY20 guidance at $1.80-2.00 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings data on Friday, March 22nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.18. Hibbett Sports had a net margin of 2.82% and a return on equity of 9.95%. The firm had revenue of $306.00 million during the quarter, compared to analysts’ expectations of $282.27 million. During the same period in the previous year, the company earned $0.44 earnings per share. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. On average, analysts expect Hibbett Sports to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
HIBB opened at $19.86 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.12 and a quick ratio of 0.51. Hibbett Sports has a twelve month low of $13.08 and a twelve month high of $29.60. The company has a market cap of $376.16 million, a PE ratio of 11.22, a P/E/G ratio of 4.87 and a beta of 0.71.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Hibbett Sports from a “sell” rating to a “hold” rating in a report on Monday, March 11th. BidaskClub lowered shares of Hibbett Sports from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 23rd. Susquehanna Bancshares upgraded shares of Hibbett Sports from a “neutral” rating to a “positive” rating and boosted their target price for the company from $20.00 to $27.00 in a research report on Monday, March 25th. Consumer Edge lowered shares of Hibbett Sports from an “overweight” rating to an “equal weight” rating and set a $18.54 target price for the company. in a research report on Thursday, March 21st. Finally, Canaccord Genuity set a $22.00 target price on shares of Hibbett Sports and gave the company a “hold” rating in a research report on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $21.75.
About Hibbett Sports
Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates Hibbett.com, an e-commerce Website. It operates approximately 1,100 stores under the Hibbett Sports and City Gear names primarily in small and mid-sized communities in the United States.
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