Hanesbrands Inc. (NYSE:HBI) Expected to Announce Earnings of $0.51 Per Share

Analysts predict that Hanesbrands Inc. (NYSE:HBI) will report earnings of $0.51 per share for the current quarter, according to Zacks. Three analysts have made estimates for Hanesbrands’ earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.52. Hanesbrands reported earnings per share of $0.48 in the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The company is scheduled to issue its next earnings report on Thursday, February 6th.

According to Zacks, analysts expect that Hanesbrands will report full year earnings of $1.77 per share for the current year, with EPS estimates ranging from $1.75 to $1.78. For the next fiscal year, analysts expect that the business will report earnings of $1.80 per share, with EPS estimates ranging from $1.72 to $1.85. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Hanesbrands.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, October 31st. The textile maker reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.86 billion. Hanesbrands had a return on equity of 57.95% and a net margin of 8.35%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS.

Several brokerages have recently issued reports on HBI. UBS Group reduced their target price on shares of Hanesbrands from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. ValuEngine raised shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a report on Tuesday. Barclays started coverage on shares of Hanesbrands in a research report on Tuesday, November 12th. They set an “equal weight” rating and a $16.00 target price for the company. B. Riley reissued a “buy” rating and issued a $26.00 price target on shares of Hanesbrands in a research note on Monday, November 25th. Finally, Goldman Sachs Group set a $15.00 price target on Hanesbrands and gave the stock a “hold” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.88.

Hanesbrands stock traded up $0.11 during mid-day trading on Wednesday, hitting $14.71. The stock had a trading volume of 3,097,168 shares, compared to its average volume of 4,937,597. The stock has a 50-day simple moving average of $15.47 and a two-hundred day simple moving average of $15.52. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 3.11. The stock has a market capitalization of $5.45 billion, a PE ratio of 8.60, a P/E/G ratio of 2.13 and a beta of 1.14. Hanesbrands has a 12 month low of $11.57 and a 12 month high of $19.38.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 annualized dividend and a yield of 4.08%. Hanesbrands’s dividend payout ratio (DPR) is presently 35.09%.

In related news, insider W Howard Upchurch, Jr. sold 93,261 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $16.14, for a total transaction of $1,505,232.54. Following the sale, the insider now directly owns 520,490 shares in the company, valued at $8,400,708.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.04% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC grew its stake in Hanesbrands by 39.1% in the second quarter. Renaissance Technologies LLC now owns 1,238,700 shares of the textile maker’s stock valued at $21,330,000 after purchasing an additional 347,900 shares in the last quarter. Coastal Investment Advisors Inc. lifted its stake in Hanesbrands by 10,585.9% in the second quarter. Coastal Investment Advisors Inc. now owns 6,839 shares of the textile maker’s stock valued at $116,000 after acquiring an additional 6,775 shares during the last quarter. Rhumbline Advisers grew its position in shares of Hanesbrands by 0.8% in the 3rd quarter. Rhumbline Advisers now owns 587,235 shares of the textile maker’s stock valued at $8,996,000 after acquiring an additional 4,416 shares during the period. Legacy Capital Partners Inc. grew its position in shares of Hanesbrands by 16.6% in the 3rd quarter. Legacy Capital Partners Inc. now owns 12,806 shares of the textile maker’s stock valued at $196,000 after acquiring an additional 1,825 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Hanesbrands by 113.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 499,013 shares of the textile maker’s stock worth $8,593,000 after purchasing an additional 265,516 shares during the last quarter. 96.10% of the stock is owned by institutional investors.

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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Earnings History and Estimates for Hanesbrands (NYSE:HBI)

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