Equities analysts expect that Hanesbrands Inc. (NYSE:HBI) will post sales of $1.88 billion for the current quarter, according to Zacks. Four analysts have issued estimates for Hanesbrands’ earnings, with the highest sales estimate coming in at $1.89 billion and the lowest estimate coming in at $1.87 billion. Hanesbrands posted sales of $1.80 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 4.4%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, November 7th.
On average, analysts expect that Hanesbrands will report full year sales of $6.77 billion for the current year, with estimates ranging from $6.75 billion to $6.79 billion. For the next year, analysts anticipate that the business will post sales of $6.86 billion, with estimates ranging from $6.78 billion to $6.92 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Hanesbrands.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Wednesday, August 1st. The textile maker reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Hanesbrands had a return on equity of 78.67% and a net margin of 0.58%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Hanesbrands by 4.5% during the second quarter. BlackRock Inc. now owns 23,662,833 shares of the textile maker’s stock worth $521,053,000 after purchasing an additional 1,028,890 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Hanesbrands by 1.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 20,855,642 shares of the textile maker’s stock worth $459,242,000 after purchasing an additional 290,491 shares during the last quarter. Parnassus Investments CA increased its position in Hanesbrands by 11.5% during the second quarter. Parnassus Investments CA now owns 16,280,808 shares of the textile maker’s stock worth $358,503,000 after purchasing an additional 1,680,808 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Hanesbrands by 46.4% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,109,168 shares of the textile maker’s stock valued at $278,311,000 after acquiring an additional 4,785,830 shares during the last quarter. Finally, Cooke & Bieler LP increased its position in shares of Hanesbrands by 8.0% during the first quarter. Cooke & Bieler LP now owns 5,662,158 shares of the textile maker’s stock valued at $104,297,000 after acquiring an additional 418,003 shares during the last quarter. Hedge funds and other institutional investors own 99.58% of the company’s stock.
Shares of NYSE:HBI traded up $0.22 during midday trading on Monday, hitting $17.41. The company’s stock had a trading volume of 3,924,000 shares, compared to its average volume of 6,377,608. The company has a current ratio of 2.02, a quick ratio of 0.84 and a debt-to-equity ratio of 5.41. The company has a market cap of $6.64 billion, a P/E ratio of 9.06, a P/E/G ratio of 1.05 and a beta of 0.37. Hanesbrands has a 12-month low of $16.38 and a 12-month high of $24.12.
Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells bras, panties, men's underwear, children's underwear, activewear, socks, hosiery, intimate apparel, shapewears, and home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.
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