Hanesbrands Inc. (NYSE:HBI) will announce its earnings results after the market closes on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Hanesbrands has set its Q2 guidance at $0.51-0.54 EPS and its FY17 guidance at $1.93-2.03 EPS.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Tuesday, May 2nd. The textile maker reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. Hanesbrands had a net margin of 8.56% and a return on equity of 65.05%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.39 billion. On average, analysts expect Hanesbrands to post $1.97 EPS for the current fiscal year and $2.13 EPS for the next fiscal year.
Shares of Hanesbrands Inc. (HBI) opened at 23.27 on Friday. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 16.80 and a beta of 0.74. The company’s 50-day moving average is $22.87 and its 200-day moving average is $21.58. Hanesbrands Inc. has a 12-month low of $18.91 and a 12-month high of $28.24.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Friday, August 11th. Hanesbrands’s payout ratio is 43.17%.
In related news, insider W Howard Upchurch, Jr. sold 55,850 shares of Hanesbrands stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $22.90, for a total value of $1,278,965.00. Following the completion of the sale, the insider now directly owns 579,663 shares in the company, valued at $13,274,282.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John T. Marsh sold 11,100 shares of Hanesbrands stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $22.57, for a total value of $250,527.00. The disclosure for this sale can be found here. Insiders sold 152,438 shares of company stock valued at $3,450,467 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.
ILLEGAL ACTIVITY NOTICE: “Hanesbrands Inc. (NYSE:HBI) to Release Quarterly Earnings on Tuesday” was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://www.chaffeybreeze.com/2017/07/30/hanesbrands-inc-nysehbi-to-release-quarterly-earnings-on-tuesday.html.
Several research firms have commented on HBI. DA Davidson set a $27.00 price objective on shares of Hanesbrands and gave the stock a “buy” rating in a research note on Saturday, April 8th. FBR & Co reissued a “buy” rating on shares of Hanesbrands in a research note on Saturday, April 15th. ValuEngine lowered shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Hanesbrands from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Finally, Zacks Investment Research lowered shares of Hanesbrands from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. Hanesbrands has a consensus rating of “Buy” and a consensus target price of $27.74.
Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.
Receive News & Ratings for Hanesbrands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.