Analysts Expect Hibbett Sports, Inc. (HIBB) Will Post Earnings of $0.04 Per Share

Brokerages predict that Hibbett Sports, Inc. (NASDAQ:HIBB) will report earnings of $0.04 per share for the current quarter, according to Zacks. Three analysts have made estimates for Hibbett Sports’ earnings, with the highest EPS estimate coming in at $0.10 and the lowest estimate coming in at ($0.05). Hibbett Sports posted earnings of ($0.15) per share during the same quarter last year, which would suggest a positive year over year growth rate of 126.7%. The firm is expected to announce its next earnings results before the market opens on Friday, August 24th.

According to Zacks, analysts expect that Hibbett Sports will report full-year earnings of $1.84 per share for the current fiscal year, with EPS estimates ranging from $1.78 to $1.91. For the next fiscal year, analysts expect that the business will report earnings of $2.02 per share, with EPS estimates ranging from $1.90 to $2.14. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Hibbett Sports.

Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings data on Friday, May 25th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.03). The business had revenue of $274.70 million for the quarter, compared to analyst estimates of $276.98 million. Hibbett Sports had a return on equity of 10.51% and a net margin of 3.68%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 earnings per share.

A number of analysts recently issued reports on HIBB shares. TheStreet raised Hibbett Sports from a “c” rating to a “b-” rating in a research report on Wednesday, May 9th. BidaskClub upgraded Hibbett Sports from a “hold” rating to a “buy” rating in a report on Friday, June 1st. ValuEngine upgraded Hibbett Sports from a “hold” rating to a “buy” rating in a report on Wednesday, April 25th. Canaccord Genuity raised their target price on Hibbett Sports from $29.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, May 22nd. Finally, Zacks Investment Research upgraded Hibbett Sports from a “sell” rating to a “hold” rating in a report on Friday, May 18th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Hibbett Sports currently has a consensus rating of “Hold” and a consensus price target of $22.08.

Shares of NASDAQ:HIBB traded up $0.60 during midday trading on Friday, reaching $26.40. 773,700 shares of the company’s stock were exchanged, compared to its average volume of 709,790. The company has a market capitalization of $459.44 million, a price-to-earnings ratio of 16.20, a PEG ratio of 1.64 and a beta of 0.79. Hibbett Sports has a fifty-two week low of $9.40 and a fifty-two week high of $29.50.

Institutional investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC purchased a new position in shares of Hibbett Sports in the 2nd quarter valued at about $101,000. C M Bidwell & Associates Ltd. boosted its stake in shares of Hibbett Sports by 61.7% in the 1st quarter. C M Bidwell & Associates Ltd. now owns 7,630 shares of the company’s stock valued at $183,000 after buying an additional 2,910 shares during the period. Lido Advisors LLC purchased a new position in shares of Hibbett Sports in the 1st quarter valued at about $200,000. Element Capital Management LLC purchased a new position in shares of Hibbett Sports in the 1st quarter valued at about $207,000. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Hibbett Sports in the 4th quarter valued at about $208,000.

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. As of March 28, 2018, it operated approximately 1,000 stores primarily in small and mid-sized communities in the United States.

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