Analysts expect that Hanesbrands Inc. (NYSE:HBI) will post $1.43 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Hanesbrands’ earnings. The lowest sales estimate is $1.42 billion and the highest is $1.44 billion. Hanesbrands reported sales of $1.38 billion during the same quarter last year, which would suggest a positive year over year growth rate of 3.6%. The business is expected to announce its next earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Hanesbrands will report full-year sales of $1.43 billion for the current financial year, with estimates ranging from $6.70 billion to $6.78 billion. For the next financial year, analysts expect that the company will post sales of $6.87 billion per share, with estimates ranging from $6.80 billion to $6.92 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Hanesbrands.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Hanesbrands had a return on equity of 72.30% and a net margin of 0.96%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share.
Hanesbrands (NYSE HBI) traded up $0.14 during trading on Friday, reaching $20.15. The company had a trading volume of 4,278,553 shares, compared to its average volume of 8,040,000. The company has a market capitalization of $7,260.00, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.26 and a beta of 0.80. Hanesbrands has a fifty-two week low of $18.57 and a fifty-two week high of $25.73. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.85 and a current ratio of 1.90.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Friday, February 16th. Hanesbrands’s dividend payout ratio is currently 42.55%.
In other news, insider W Howard Upchurch, Jr. sold 51,743 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $20.70, for a total transaction of $1,071,080.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.
Several large investors have recently bought and sold shares of HBI. Engine Capital Management LLC bought a new position in shares of Hanesbrands during the third quarter worth about $106,000. Tiedemann Wealth Management LLC grew its holdings in shares of Hanesbrands by 12.4% during the third quarter. Tiedemann Wealth Management LLC now owns 34,254 shares of the textile maker’s stock worth $129,000 after buying an additional 3,787 shares in the last quarter. Global Trust Asset Management LLC bought a new position in shares of Hanesbrands during the fourth quarter worth about $134,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new position in shares of Hanesbrands during the fourth quarter worth about $134,000. Finally, Valeo Financial Advisors LLC bought a new position in shares of Hanesbrands during the third quarter worth about $138,000. Institutional investors and hedge funds own 98.68% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “$1.43 Billion in Sales Expected for Hanesbrands Inc. (HBI) This Quarter” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://stocknewstimes.com/2018/03/12/1-43-billion-in-sales-expected-for-hanesbrands-inc-hbi-this-quarter.html.
Hanesbrands Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hanesbrands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands and related companies with MarketBeat.com's FREE daily email newsletter.