Brokerages forecast that Hanesbrands Inc. (NYSE:HBI – Get Rating) will report $0.28 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Hanesbrands’ earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.30. Hanesbrands reported earnings of $0.39 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 28.2%. The business is expected to issue its next earnings report on Monday, January 1st.
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 $1.73 to $1.81. For the next year, analysts expect that the company will post earnings of $2.00 per share, with EPS estimates ranging from $1.92 to $2.10. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Hanesbrands.
Hanesbrands (NYSE:HBI – Get Rating) last released its quarterly earnings data on Thursday, February 3rd. The textile maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Hanesbrands had a return on equity of 108.10% and a net margin of 1.14%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 earnings per share.
In other Hanesbrands news, Director Cheryl K. Beebe bought 6,250 shares of the company’s stock in a transaction on Tuesday, February 8th. The stock was bought at an average price of $15.61 per share, for a total transaction of $97,562.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Stephen B. Bratspies bought 34,292 shares of the company’s stock in a transaction on Thursday, February 24th. The shares were acquired at an average price of $14.63 per share, with a total value of $501,691.96. The disclosure for this purchase can be found here. 0.29% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Hanesbrands by 37.7% during the 4th quarter. BlackRock Inc. now owns 36,584,207 shares of the textile maker’s stock worth $611,684,000 after purchasing an additional 10,015,438 shares in the last quarter. Shapiro Capital Management LLC increased its holdings in Hanesbrands by 2.4% during the 4th quarter. Shapiro Capital Management LLC now owns 13,979,743 shares of the textile maker’s stock worth $233,741,000 after purchasing an additional 325,025 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its holdings in Hanesbrands by 2.4% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 11,775,488 shares of the textile maker’s stock worth $202,067,000 after purchasing an additional 271,768 shares in the last quarter. Cooke & Bieler LP increased its holdings in Hanesbrands by 24.6% during the 4th quarter. Cooke & Bieler LP now owns 10,989,762 shares of the textile maker’s stock worth $183,749,000 after purchasing an additional 2,173,253 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Hanesbrands by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 7,100,800 shares of the textile maker’s stock worth $121,858,000 after purchasing an additional 253,873 shares in the last quarter. Institutional investors and hedge funds own 89.16% of the company’s stock.
Shares of NYSE:HBI traded up $0.11 on Monday, reaching $14.19. The company had a trading volume of 2,898,058 shares, compared to its average volume of 4,832,534. Hanesbrands has a twelve month low of $13.71 and a twelve month high of $22.82. The company has a 50-day moving average of $15.13. The stock has a market cap of $4.95 billion, a PE ratio of 64.50 and a beta of 1.49. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 4.73.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 8th. Stockholders of record on Tuesday, February 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Monday, February 14th. Hanesbrands’s payout ratio is currently 272.73%.
Hanesbrands declared that its Board of Directors has approved a stock repurchase program on Thursday, February 3rd that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the textile maker to repurchase up to 10.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
Hanesbrands Company Profile (Get Rating)
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.
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