Hanesbrands (NYSE:HBI – Get 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:HBI – Get 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
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
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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