Brokerages Expect Hanesbrands Inc. (HBI) Will Post Earnings of $0.45 Per Share

Equities research analysts expect Hanesbrands Inc. (NYSE:HBI) to report earnings of $0.45 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Hanesbrands’ earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.44. Hanesbrands also posted earnings per share of $0.45 during the same quarter last year. The company is scheduled to issue its next quarterly earnings report on Wednesday, August 7th.

According to Zacks, analysts expect that Hanesbrands will report full year earnings of $1.76 per share for the current financial year, with EPS estimates ranging from $1.71 to $1.77. For the next year, analysts anticipate that the firm will report earnings of $1.80 per share, with EPS estimates ranging from $1.70 to $1.84. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Hanesbrands.

Hanesbrands (NYSE:HBI) last released its earnings results on Thursday, May 2nd. The textile maker reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.53 billion. Hanesbrands had a net margin of 7.99% and a return on equity of 69.68%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 EPS.

Several research firms recently issued reports on HBI. Zacks Investment Research lowered shares of Hanesbrands from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. ValuEngine raised shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a report on Friday, February 8th. Finally, Barclays set a $19.00 target price on shares of Hanesbrands and gave the stock a “hold” rating in a report on Saturday, February 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.83.

In related news, CFO Barry Hytinen acquired 10,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was acquired at an average cost of $17.56 per share, with a total value of $175,600.00. Following the acquisition, the chief financial officer now directly owns 176,312 shares in the company, valued at approximately $3,096,038.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.04% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in HBI. Norges Bank purchased a new position in shares of Hanesbrands in the fourth quarter valued at $39,389,000. Teachers Advisors LLC grew its holdings in shares of Hanesbrands by 449.4% in the third quarter. Teachers Advisors LLC now owns 3,268,691 shares of the textile maker’s stock valued at $60,242,000 after purchasing an additional 2,673,729 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Hanesbrands by 204.0% in the third quarter. TIAA CREF Investment Management LLC now owns 2,998,646 shares of the textile maker’s stock valued at $55,265,000 after purchasing an additional 2,012,254 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Hanesbrands in the first quarter valued at $15,928,000. Finally, BlackRock Inc. grew its holdings in shares of Hanesbrands by 3.7% in the fourth quarter. BlackRock Inc. now owns 24,750,735 shares of the textile maker’s stock valued at $310,126,000 after purchasing an additional 887,593 shares in the last quarter. 95.59% of the stock is owned by institutional investors and hedge funds.

Hanesbrands stock remained flat at $$16.82 during midday trading on Monday. 3,798,178 shares of the company traded hands, compared to its average volume of 5,672,210. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 3.19 and a beta of 0.93. Hanesbrands has a one year low of $11.57 and a one year high of $22.57. The company has a quick ratio of 0.64, a current ratio of 1.66 and a debt-to-equity ratio of 3.84.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Monday, May 13th. Hanesbrands’s dividend payout ratio (DPR) is currently 35.09%.

About Hanesbrands

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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