Hanesbrands (HBI) to Release Earnings on Thursday

Hanesbrands (NYSE:HBI) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, August 8th. The textile maker reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. The company had revenue of $995.40 million for the quarter, compared to the consensus estimate of $1.35 billion. Hanesbrands had a positive return on equity of 33.23% and a negative net margin of 6.02%. Hanesbrands’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) EPS. On average, analysts expect Hanesbrands to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hanesbrands Stock Up 1.1 %

Shares of NYSE:HBI opened at $7.20 on Wednesday. Hanesbrands has a fifty-two week low of $3.58 and a fifty-two week high of $7.57. The firm’s 50 day moving average price is $6.92 and its 200 day moving average price is $5.81. The company has a quick ratio of 0.86, a current ratio of 1.46 and a debt-to-equity ratio of 50.06. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of -8.47 and a beta of 1.58.

Wall Street Analysts Forecast Growth

HBI has been the subject of several recent analyst reports. Stifel Nicolaus lifted their price objective on shares of Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a research report on Monday, August 12th. Barclays lifted their price target on Hanesbrands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Finally, UBS Group increased their price objective on Hanesbrands from $5.00 to $6.50 and gave the company a “neutral” rating in a report on Tuesday, August 27th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hanesbrands presently has an average rating of “Hold” and a consensus target price of $5.80.

About Hanesbrands

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.