Analysts forecast that Hanesbrands Inc. (NYSE:HBI) will post earnings of $0.53 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Hanesbrands’ earnings, with estimates ranging from $0.51 to $0.54. Hanesbrands posted earnings per share of $0.51 during the same quarter last year, which would indicate a positive year over year growth rate of 3.9%. The business is scheduled to issue its next earnings report on Tuesday, August 1st.

According to Zacks, analysts expect that Hanesbrands will report full-year earnings of $1.97 per share for the current year, with EPS estimates ranging from $1.94 to $1.99. For the next fiscal year, analysts forecast that the firm will report earnings of $2.13 per share, with EPS estimates ranging from $2.06 to $2.22. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Hanesbrands.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Tuesday, May 2nd. The textile maker reported $0.29 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.39 billion.

A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of Hanesbrands from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research lowered shares of Hanesbrands from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. ValuEngine upgraded shares of Hanesbrands from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Vetr lowered shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $23.91 target price for the company. in a research report on Wednesday, April 19th. Finally, FBR & Co reiterated a “buy” rating on shares of Hanesbrands in a research report on Saturday, April 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Hanesbrands has an average rating of “Buy” and an average target price of $27.79.

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Shares of Hanesbrands (NYSE:HBI) traded up 0.57% during mid-day trading on Wednesday, hitting $22.82. 950,656 shares of the company traded hands. The firm has a 50-day moving average of $21.64 and a 200-day moving average of $21.44. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 16.48 and a beta of 0.74. Hanesbrands has a one year low of $18.91 and a one year high of $28.24.

In other Hanesbrands news, CEO Gerald Evans sold 43,379 shares of Hanesbrands stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $23.18, for a total transaction of $1,005,525.22. Following the transaction, the chief executive officer now directly owns 1,056,314 shares of the company’s stock, valued at $24,485,358.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John T. Marsh sold 11,100 shares of Hanesbrands stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $22.57, for a total transaction 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 owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advantus Capital Management Inc increased its position in Hanesbrands by 0.3% in the first quarter. Advantus Capital Management Inc now owns 37,884 shares of the textile maker’s stock valued at $786,000 after buying an additional 131 shares during the period. FTB Advisors Inc. increased its position in Hanesbrands by 1.8% in the first quarter. FTB Advisors Inc. now owns 11,227 shares of the textile maker’s stock valued at $233,000 after buying an additional 202 shares during the period. Raymond James Trust N.A. increased its position in Hanesbrands by 1.2% in the first quarter. Raymond James Trust N.A. now owns 18,466 shares of the textile maker’s stock valued at $383,000 after buying an additional 224 shares during the period. Pacer Advisors Inc. increased its position in Hanesbrands by 3.3% in the first quarter. Pacer Advisors Inc. now owns 7,716 shares of the textile maker’s stock valued at $160,000 after buying an additional 247 shares during the period. Finally, Bahl & Gaynor Inc. increased its position in Hanesbrands by 0.9% in the first quarter. Bahl & Gaynor Inc. now owns 27,690 shares of the textile maker’s stock valued at $575,000 after buying an additional 250 shares during the period. 92.53% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Earnings History and Estimates for Hanesbrands (NYSE:HBI)

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