Hanesbrands (HBI) Scheduled to Post Quarterly Earnings on Thursday

Hanesbrands (NYSE:HBIGet Rating) will issue its quarterly earnings data before the market opens on Thursday, August 11th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Hanesbrands (NYSE:HBIGet Rating) last released its quarterly earnings data on Thursday, May 5th. The textile maker reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.54 billion. Hanesbrands had a net margin of 6.68% and a return on equity of 93.47%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. On average, analysts expect Hanesbrands to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hanesbrands Stock Up 3.0 %

NYSE:HBI opened at $11.24 on Thursday. The firm has a market capitalization of $3.92 billion, a P/E ratio of 8.58 and a beta of 1.46. Hanesbrands has a 1-year low of $9.58 and a 1-year high of $20.74. The company’s fifty day moving average price is $10.90 and its 200-day moving average price is $13.34. The company has a debt-to-equity ratio of 4.27, a current ratio of 1.60 and a quick ratio of 0.72.

Analyst Ratings Changes

HBI has been the topic of a number of research reports. TheStreet lowered shares of Hanesbrands from a “b-” rating to a “c+” rating in a research note on Monday, June 6th. Wells Fargo & Company dropped their price target on shares of Hanesbrands from $18.00 to $13.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. B. Riley set a $18.00 price target on shares of Hanesbrands in a research report on Tuesday, July 19th. Stifel Nicolaus dropped their price target on shares of Hanesbrands from $11.00 to $10.00 in a research report on Wednesday, July 20th. Finally, Evercore ISI lowered shares of Hanesbrands from an “outperform” rating to an “in-line” rating and dropped their price target for the company from $18.00 to $12.00 in a research report on Wednesday, July 13th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.40.

Institutional Trading of Hanesbrands

Institutional investors have recently modified their holdings of the stock. Toroso Investments LLC lifted its stake in shares of Hanesbrands by 38.4% in the first quarter. Toroso Investments LLC now owns 51,925 shares of the textile maker’s stock worth $773,000 after buying an additional 14,394 shares in the last quarter. Keeley Teton Advisors LLC purchased a new position in shares of Hanesbrands in the first quarter worth about $280,000. Wall Street Access Asset Management LLC lifted its stake in shares of Hanesbrands by 7.1% in the first quarter. Wall Street Access Asset Management LLC now owns 44,352 shares of the textile maker’s stock worth $659,000 after buying an additional 2,945 shares in the last quarter. Continuum Advisory LLC purchased a new position in shares of Hanesbrands in the first quarter worth about $325,000. Finally, KB Financial Partners LLC lifted its stake in shares of Hanesbrands by 14.1% in the first quarter. KB Financial Partners LLC now owns 19,534 shares of the textile maker’s stock worth $291,000 after buying an additional 2,407 shares in the last quarter. Institutional investors and hedge funds own 87.58% of the company’s stock.

Hanesbrands Company Profile

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Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children. The company operates through three segments: Innerwear, Activewear, and International. It sells men's underwear, women's panties, children's underwear, activewear, and socks, as well as intimate apparel, such as bras and shapewears; home goods; and T-shirts, fleece, performance apparel, sport shirts, performance T-shirts and shorts, sports bras, teamwear, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.

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Earnings History for Hanesbrands (NYSE:HBI)

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