Analysts Expect Hanesbrands Inc. (NYSE:HBI) to Post $0.51 EPS

Analysts expect Hanesbrands Inc. (NYSE:HBI) to post $0.51 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Hanesbrands’ earnings, with estimates ranging from $0.49 to $0.52. Hanesbrands reported earnings per share of $0.48 during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.3%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 6th.

On average, analysts expect that Hanesbrands will report full year earnings of $1.77 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.78. For the next fiscal year, analysts anticipate that the firm 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 research analysts that that provide coverage for Hanesbrands.

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

Several analysts recently commented on HBI shares. B. Riley restated a “buy” rating and set a $26.00 price target on shares of Hanesbrands in a report on Monday, November 25th. 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 price objective on the stock. Goldman Sachs Group set a $15.00 price objective on shares of Hanesbrands and gave the company a “hold” rating in a research note on Friday, November 1st. UBS Group cut their target price on shares of Hanesbrands from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Finally, ValuEngine raised shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Hanesbrands has an average rating of “Hold” and a consensus price target of $16.88.

In other news, insider W Howard Upchurch, Jr. sold 93,261 shares of Hanesbrands stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $16.14, for a total transaction of $1,505,232.54. Following the completion of the sale, the insider now directly owns 520,490 shares in the company, valued at approximately $8,400,708.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.04% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in HBI. Moors & Cabot Inc. raised its position in shares of Hanesbrands by 1.3% in the third quarter. Moors & Cabot Inc. now owns 52,647 shares of the textile maker’s stock valued at $800,000 after purchasing an additional 694 shares during the period. Engine Capital Management LP boosted its position in shares of Hanesbrands by 17.2% in the third quarter. Engine Capital Management LP now owns 5,038 shares of the textile maker’s stock valued at $79,000 after acquiring an additional 738 shares during the period. Commonwealth Bank of Australia boosted its position in shares of Hanesbrands by 22.7% in the second quarter. Commonwealth Bank of Australia now owns 4,551 shares of the textile maker’s stock valued at $78,000 after acquiring an additional 843 shares during the period. Oxbow Advisors LLC grew its stake in shares of Hanesbrands by 0.5% in the second quarter. Oxbow Advisors LLC now owns 157,848 shares of the textile maker’s stock worth $2,718,000 after acquiring an additional 863 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Hanesbrands by 24.8% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 4,736 shares of the textile maker’s stock worth $73,000 after acquiring an additional 940 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Shares of HBI opened at $14.97 on Wednesday. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 8.75, a P/E/G ratio of 2.13 and a beta of 1.14. Hanesbrands has a fifty-two week low of $11.57 and a fifty-two week high of $19.38. The company has a debt-to-equity ratio of 3.11, a current ratio of 1.73 and a quick ratio of 0.72. The business’s 50-day moving average is $15.43 and its 200-day moving average is $15.49.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Friday, November 8th. Hanesbrands’s dividend payout ratio (DPR) is presently 35.09%.

About Hanesbrands

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.

Read More: What is the yield curve?

Get a free copy of the Zacks research report on Hanesbrands (HBI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Hanesbrands (NYSE:HBI)

Receive News & Ratings for Hanesbrands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands and related companies with MarketBeat.com's FREE daily email newsletter.