Hanesbrands (HBI) Expected to Announce Quarterly Earnings on Thursday

Hanesbrands (NYSE:HBI) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $899.68 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. The company had revenue of $937.10 million during the quarter, compared to analysts’ expectations of $936.47 million. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. On average, analysts expect Hanesbrands to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hanesbrands Price Performance

Hanesbrands stock opened at $8.05 on Thursday. The firm has a market cap of $2.84 billion, a P/E ratio of -12.19 and a beta of 1.63. The stock’s 50 day moving average is $8.36 and its 200 day moving average is $7.38. The company has a debt-to-equity ratio of 21.50, a current ratio of 1.49 and a quick ratio of 0.90. Hanesbrands has a one year low of $4.06 and a one year high of $9.10.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HBI shares. Barclays upped 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. UBS Group raised 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. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.90.

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.