Hanesbrands (HBI) Issues FY18 Earnings Guidance

Hanesbrands (NYSE:HBI) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $1.72-1.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.04. The company issued revenue guidance of $6.72-6.82 billion, compared to the consensus revenue estimate of $6.64 billion.Hanesbrands also updated its Q1 guidance to $0.23-0.25 EPS.

Shares of Hanesbrands (NYSE:HBI) opened at $20.00 on Thursday. The company has a market cap of $7,885.96, a price-to-earnings ratio of 13.56, a PEG ratio of 1.19 and a beta of 0.68. Hanesbrands has a 52-week low of $18.90 and a 52-week high of $25.73. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.85 and a current ratio of 1.88.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, February 8th. The textile maker reported $0.52 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.53 EPS. analysts anticipate that Hanesbrands will post 1.95 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.00%. Hanesbrands’s payout ratio is 37.04%.

Several analysts have recently commented on HBI shares. TheStreet downgraded shares of Hanesbrands from a b rating to a c+ rating in a research report on Thursday, October 12th. Oppenheimer restated a buy rating on shares of Hanesbrands in a research report on Wednesday, October 18th. FBR & Co restated a buy rating on shares of Hanesbrands in a research report on Wednesday, October 18th. Deutsche Bank started coverage on shares of Hanesbrands in a research report on Monday, October 23rd. They set a buy rating and a $29.00 price objective on the stock. Finally, UBS Group downgraded shares of Hanesbrands from an outperform rating to a market perform rating in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $25.69.

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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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