Wall Street analysts expect that Hibbett Sports (NASDAQ:HIBB) will post earnings of $1.13 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Hibbett Sports’ earnings, with the lowest EPS estimate coming in at $1.06 and the highest estimate coming in at $1.21. Hibbett Sports reported earnings per share of $0.97 during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.5%. The business is expected to issue its next quarterly earnings results on Thursday, May 17th.
According to Zacks, analysts expect that Hibbett Sports will report full year earnings of $1.91 per share for the current fiscal year, with EPS estimates ranging from $1.80 to $2.15. For the next fiscal year, analysts anticipate that the business will report earnings of $2.06 per share, with EPS estimates ranging from $1.90 to $2.23. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Hibbett Sports.
Hibbett Sports (NASDAQ:HIBB) last announced its quarterly earnings data on Friday, March 16th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.15. Hibbett Sports had a return on equity of 10.37% and a net margin of 3.62%. The business had revenue of $266.70 million during the quarter, compared to analysts’ expectations of $261.37 million. During the same period in the previous year, the firm earned $0.54 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year.
In other news, VP Cathy E. Pryor sold 6,500 shares of the business’s stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $22.58, for a total value of $146,770.00. Following the sale, the vice president now directly owns 13,300 shares in the company, valued at $300,314. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.
Several institutional investors have recently modified their holdings of HIBB. Hotchkis & Wiley Capital Management LLC bought a new stake in Hibbett Sports during the third quarter worth about $143,000. MetLife Investment Advisors LLC bought a new stake in Hibbett Sports during the fourth quarter worth about $208,000. Cornerstone Capital Management Holdings LLC. bought a new stake in Hibbett Sports during the fourth quarter worth about $257,000. Macquarie Group Ltd. bought a new stake in Hibbett Sports during the third quarter worth about $204,000. Finally, Aperio Group LLC raised its holdings in Hibbett Sports by 26.8% during the fourth quarter. Aperio Group LLC now owns 15,899 shares of the company’s stock worth $324,000 after acquiring an additional 3,364 shares in the last quarter.
NASDAQ:HIBB traded up $0.30 on Monday, reaching $24.25. The company’s stock had a trading volume of 826,261 shares, compared to its average volume of 824,795. Hibbett Sports has a 1-year low of $9.40 and a 1-year high of $29.55. The stock has a market cap of $491.93, a price-to-earnings ratio of 14.57, a PEG ratio of 1.55 and a beta of 0.84.
TRADEMARK VIOLATION WARNING: This report was first published by WKRB News and is owned by of WKRB News. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://www.wkrb13.com/2018/04/02/hibbett-sports-hibb-expected-to-announce-earnings-of-1-13-per-share.html.
About Hibbett Sports
Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores in small and mid-sized markets primarily in the South, Southwest, Mid-Atlantic, and the Midwest regions of the United States. Its stores offer a range of merchandise, including athletic footwear, team sports equipment, athletic and fashion apparel, and related accessories.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hibbett Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hibbett Sports and related companies with MarketBeat.com's FREE daily email newsletter.