Hanesbrands (NYSE:HBI) Issues Earnings Results, Beats Estimates By $0.03 EPS

Hanesbrands (NYSE:HBI) issued its quarterly earnings results on Thursday. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03, Zacks reports. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. Hanesbrands updated its FY 2025 guidance to 0.510-0.550 EPS and its Q1 2025 guidance to 0.020-0.020 EPS.

Hanesbrands Stock Down 6.0 %

Shares of HBI stock traded down $0.38 during mid-day trading on Friday, reaching $5.88. 12,689,959 shares of the company were exchanged, compared to its average volume of 4,296,875. Hanesbrands has a fifty-two week low of $4.06 and a fifty-two week high of $9.10. The company has a debt-to-equity ratio of 21.50, a quick ratio of 0.90 and a current ratio of 1.49. The company has a market capitalization of $2.07 billion, a P/E ratio of -8.90 and a beta of 1.63. The business’s 50 day simple moving average is $8.15 and its 200 day simple moving average is $7.44.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on HBI shares. Stifel Nicolaus restated a “hold” rating and set a $7.00 price objective (down previously from $8.00) on shares of Hanesbrands in a research report on Friday. UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and upped their price target for the company from $9.00 to $11.00 in a research report on Tuesday, November 26th. Finally, Barclays boosted their price objective on shares of Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.10.

Hanesbrands Company Profile

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of range of innerwear apparels for men, women, and children in the Americas, Europe, the Asia pacific, and internationally. The company operates through three segments: Innerwear, Activewear, and International.