Hanesbrands Inc. (HBI) Expected to Post Earnings of $0.52 Per Share

Equities analysts predict that Hanesbrands Inc. (NYSE:HBI) will post $0.52 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Hanesbrands’ earnings. The lowest EPS estimate is $0.51 and the highest is $0.53. Hanesbrands posted earnings per share of $0.53 in the same quarter last year, which would suggest a negative year over year growth rate of 1.9%. The firm is expected to issue its next quarterly earnings results on Thursday, February 1st.

On average, 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 forecast that the business will report earnings of $2.09 per share, with EPS estimates ranging from $1.94 to $2.18. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Hanesbrands.

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

A number of equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Barclays PLC began coverage on shares of Hanesbrands in a research note on Tuesday, September 19th. They issued an “overweight” rating and a $31.00 target price for the company. Nomura cut shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 target price for the company. in a report on Thursday, September 21st. Instinet cut shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 target price for the company. in a report on Thursday, September 21st. Finally, FBR & Co reissued a “buy” rating and set a $33.00 target price on shares of Hanesbrands in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $26.13.

Shares of Hanesbrands (HBI) traded up $0.31 during trading hours on Friday, hitting $19.82. 6,322,400 shares of the stock were exchanged, compared to its average volume of 5,159,122. The stock has a market capitalization of $7,226.06, a price-to-earnings ratio of 10.16, a PEG ratio of 1.13 and a beta of 0.73. Hanesbrands has a fifty-two week low of $18.90 and a fifty-two week high of $25.73. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Monday, November 13th. Hanesbrands’s payout ratio is 37.04%.

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In other news, insider John T. Marsh sold 10,325 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $24.27, for a total value of $250,587.75. Following the completion of the transaction, the insider now owns 99,997 shares in the company, valued at approximately $2,426,927.19. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Thrivent Financial For Lutherans increased its holdings in Hanesbrands by 6.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 13,990 shares of the textile maker’s stock valued at $290,000 after acquiring an additional 900 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Hanesbrands by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,147,948 shares of the textile maker’s stock valued at $23,831,000 after acquiring an additional 23,114 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Hanesbrands by 8.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 13,933 shares of the textile maker’s stock worth $322,000 after purchasing an additional 1,060 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of Hanesbrands by 5.9% during the 2nd quarter. LS Investment Advisors LLC now owns 17,153 shares of the textile maker’s stock worth $397,000 after purchasing an additional 963 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Hanesbrands by 54.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 54,480 shares of the textile maker’s stock worth $1,262,000 after purchasing an additional 19,200 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Hanesbrands Company Profile

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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