Wall Street brokerages predict that Hanesbrands Inc. (NYSE:HBI) will post earnings of $0.60 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Hanesbrands’ earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.59. Hanesbrands posted earnings of $0.56 per share during the same quarter last year, which would suggest a positive year over year growth rate of 7.1%. The firm is scheduled to issue its next earnings results on Thursday, October 26th.

On average, analysts expect that Hanesbrands will report full-year earnings of $1.98 per share for the current financial year, with EPS estimates ranging from $1.96 to $2.01. For the next financial year, analysts expect that the firm will post earnings of $2.14 per share, with EPS estimates ranging from $2.08 to $2.22. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Hanesbrands.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. Hanesbrands had a return on equity of 64.80% and a net margin of 9.02%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis.

Several research firms have commented on HBI. Stifel Nicolaus restated a “hold” rating and issued a $23.00 target price on shares of Hanesbrands in a research note on Tuesday. FBR & Co restated a “buy” rating and issued a $33.00 target price on shares of Hanesbrands in a research note on Thursday, September 21st. Instinet cut Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research note on Thursday, September 21st. Nomura cut Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research note on Thursday, September 21st. Finally, Barclays PLC began coverage on Hanesbrands in a research note on Tuesday, September 19th. They issued an “overweight” rating and a $31.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $27.27.

In other Hanesbrands news, insider John T. Marsh sold 10,325 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $24.27, for a total transaction of $250,587.75. Following the transaction, the insider now owns 99,997 shares of the company’s stock, valued at approximately $2,426,927.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard D. Moss sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $24.08, for a total value of $481,600.00. Following the transaction, the chief financial officer now directly owns 254,487 shares in the company, valued at approximately $6,128,046.96. The disclosure for this sale can be found here. Insiders have sold a total of 73,704 shares of company stock worth $1,737,713 in the last ninety days. Insiders own 1.10% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Hanesbrands by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 36,962,193 shares of the textile maker’s stock worth $767,336,000 after acquiring an additional 2,158,679 shares during the last quarter. Park Avenue Institutional Advisers LLC acquired a new position in shares of Hanesbrands during the 1st quarter worth approximately $534,000. BB&T Corp increased its holdings in shares of Hanesbrands by 3.2% during the 2nd quarter. BB&T Corp now owns 561,111 shares of the textile maker’s stock worth $12,995,000 after acquiring an additional 17,312 shares during the last quarter. Freestone Capital Holdings LLC increased its holdings in shares of Hanesbrands by 14.0% during the 2nd quarter. Freestone Capital Holdings LLC now owns 180,729 shares of the textile maker’s stock worth $4,186,000 after acquiring an additional 22,190 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of Hanesbrands by 21.2% during the 1st quarter. Morgan Stanley now owns 4,009,081 shares of the textile maker’s stock worth $83,228,000 after acquiring an additional 701,732 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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Hanesbrands (NYSE:HBI) opened at 25.19 on Thursday. Hanesbrands has a 12-month low of $18.91 and a 12-month high of $27.07. The company has a 50-day moving average price of $24.37 and a 200-day moving average price of $22.33. The firm has a market cap of $9.18 billion, a P/E ratio of 16.51 and a beta of 0.71.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Tuesday, August 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Friday, August 11th. Hanesbrands’s dividend payout ratio (DPR) is 39.47%.

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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