Zacks: Brokerages Anticipate Hanesbrands Inc. (NYSE:HBI) Will Post Earnings of $0.11 Per Share

Brokerages predict that Hanesbrands Inc. (NYSE:HBI) will report $0.11 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Hanesbrands’ earnings. The highest EPS estimate is $0.23 and the lowest is ($0.01). Hanesbrands posted earnings per share of $0.45 in the same quarter last year, which would suggest a negative year over year growth rate of 75.6%. The business is expected to announce its next earnings report on Thursday, August 6th.

On average, analysts expect that Hanesbrands will report full-year earnings of $0.60 per share for the current year, with EPS estimates ranging from $0.00 to $1.07. For the next fiscal year, analysts anticipate that the company will post earnings of $1.41 per share, with EPS estimates ranging from $1.10 to $1.66. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Hanesbrands.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.06). Hanesbrands had a net margin of 7.75% and a return on equity of 50.63%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the business posted $0.27 EPS. The business’s revenue for the quarter was down 17.2% on a year-over-year basis.

Several research analysts have commented on the stock. Cfra decreased their target price on shares of Hanesbrands from $12.00 to $8.00 and set a “sell” rating for the company in a report on Thursday, April 30th. Raymond James assumed coverage on shares of Hanesbrands in a report on Tuesday, March 31st. They issued a “market perform” rating for the company. ValuEngine upgraded shares of Hanesbrands from a “sell” rating to a “hold” rating in a report on Monday, June 1st. UBS Group raised their target price on shares of Hanesbrands from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, B. Riley reiterated a “buy” rating and issued a $14.00 target price on shares of Hanesbrands in a report on Wednesday, June 24th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.85.

Several large investors have recently modified their holdings of HBI. OmniStar Financial Group Inc. acquired a new stake in shares of Hanesbrands in the 1st quarter valued at $29,000. PSI Advisors LLC acquired a new stake in shares of Hanesbrands in the 4th quarter valued at $47,000. Point72 Hong Kong Ltd boosted its stake in shares of Hanesbrands by 306.6% in the 4th quarter. Point72 Hong Kong Ltd now owns 3,440 shares of the textile maker’s stock valued at $51,000 after purchasing an additional 2,594 shares in the last quarter. FDx Advisors Inc. acquired a new stake in shares of Hanesbrands in the 1st quarter valued at $68,000. Finally, Carroll Financial Associates Inc. boosted its stake in shares of Hanesbrands by 76.3% in the 1st quarter. Carroll Financial Associates Inc. now owns 9,128 shares of the textile maker’s stock valued at $71,000 after purchasing an additional 3,950 shares in the last quarter. Institutional investors own 98.57% of the company’s stock.

Shares of HBI traded up $0.27 during midday trading on Friday, hitting $11.42. The stock had a trading volume of 128,308 shares, compared to its average volume of 8,550,642. Hanesbrands has a fifty-two week low of $6.96 and a fifty-two week high of $17.69. The business has a 50-day simple moving average of $10.69 and a two-hundred day simple moving average of $11.75. The firm has a market cap of $3.88 billion, a P/E ratio of 7.97, a price-to-earnings-growth ratio of 5.25 and a beta of 1.50. The company has a current ratio of 2.21, a quick ratio of 1.11 and a debt-to-equity ratio of 5.26.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.60 dividend on an annualized basis and a yield of 5.25%. Hanesbrands’s dividend payout ratio is currently 34.09%.

Hanesbrands Company Profile

Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.

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