Brokerages Expect HSN, Inc. (HSNI) to Announce $0.58 EPS
Equities analysts predict that HSN, Inc. (NASDAQ:HSNI) will post $0.58 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for HSN’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.55. HSN posted earnings per share of $0.74 in the same quarter last year, which suggests a negative year over year growth rate of 21.6%. The company is scheduled to issue its next quarterly earnings report on Thursday, August 3rd.
On average, analysts expect that HSN will report full-year earnings of $2.42 per share for the current fiscal year, with EPS estimates ranging from $2.34 to $2.51. For the next year, analysts expect that the company will post earnings of $2.73 per share, with EPS estimates ranging from $2.61 to $2.96. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover HSN.
HSN (NASDAQ:HSNI) last issued its quarterly earnings data on Wednesday, May 3rd. The specialty retailer reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $785.40 million during the quarter, compared to analysts’ expectations of $785.22 million. HSN had a return on equity of 72.70% and a net margin of 3.15%. HSN’s revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share.
A number of analysts recently weighed in on the stock. ValuEngine lowered shares of HSN from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research lowered shares of HSN from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 9th. Aegis raised shares of HSN from a “hold” rating to a “buy” rating in a report on Monday, May 8th. Maxim Group set a $46.00 target price on shares of HSN and gave the stock a “buy” rating in a report on Thursday, May 4th. Finally, Craig Hallum set a $40.00 target price on shares of HSN and gave the stock a “hold” rating in a report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $45.13.
A number of large investors have recently modified their holdings of HSNI. Guggenheim Capital LLC raised its position in HSN by 105.3% in the fourth quarter. Guggenheim Capital LLC now owns 84,712 shares of the specialty retailer’s stock valued at $2,905,000 after buying an additional 43,459 shares in the last quarter. Parametrica Management Ltd increased its stake in HSN by 19.4% in the first quarter. Parametrica Management Ltd now owns 8,135 shares of the specialty retailer’s stock worth $302,000 after buying an additional 1,319 shares in the last quarter. Teachers Advisors LLC increased its stake in HSN by 342.3% in the fourth quarter. Teachers Advisors LLC now owns 277,844 shares of the specialty retailer’s stock worth $9,530,000 after buying an additional 215,022 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in HSN by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,315 shares of the specialty retailer’s stock worth $420,000 after buying an additional 200 shares in the last quarter. Finally, Federated Investors Inc. PA increased its stake in HSN by 87.9% in the fourth quarter. Federated Investors Inc. PA now owns 36,986 shares of the specialty retailer’s stock worth $1,269,000 after buying an additional 17,305 shares in the last quarter. Hedge funds and other institutional investors own 59.70% of the company’s stock.
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Shares of HSN (NASDAQ HSNI) traded up 1.26% during trading on Friday, reaching $32.25. The company had a trading volume of 264,010 shares. The stock has a market capitalization of $1.69 billion, a PE ratio of 15.28 and a beta of 1.29. The stock’s 50-day moving average price is $33.99 and its 200-day moving average price is $35.44. HSN has a 12 month low of $30.75 and a 12 month high of $54.03.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 21st. Shareholders of record on Wednesday, June 7th were paid a $0.35 dividend. The ex-dividend date was Monday, June 5th. This represents a $1.40 annualized dividend and a yield of 4.34%. HSN’s payout ratio is currently 66.67%.
HSN Company Profile
HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and merchandise directly to consumers through various platforms, including television home shopping programing broadcast on the HSN television networks and other direct-response television marketing; catalogs, consisting of the Cornerstone portfolio of print catalogs, which includes, Ballard Designs, Frontgate, Garnet Hill, Grandin Road and Improvements; Websites, which consist primarily of HSN.com, joymangano.com and the five branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.
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