Equities research analysts expect Hibbett Sports, Inc. (NASDAQ:HIBB) to report earnings per share of ($0.16) for the current quarter, Zacks reports. Three analysts have made estimates for Hibbett Sports’ earnings. The highest EPS estimate is ($0.09) and the lowest is ($0.25). Hibbett Sports reported earnings of ($0.06) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 166.7%. The business is scheduled to report its next quarterly earnings results on Friday, August 23rd.

According to Zacks, analysts expect that Hibbett Sports will report full-year earnings of $2.09 per share for the current fiscal year, with EPS estimates ranging from $2.04 to $2.23. For the next year, analysts anticipate that the firm will post earnings of $2.17 per share, with EPS estimates ranging from $1.95 to $2.47. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Hibbett Sports.

Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings data on Friday, May 24th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.29 by $0.32. Hibbett Sports had a return on equity of 12.25% and a net margin of 3.19%. The company had revenue of $343.30 million for the quarter, compared to analysts’ expectations of $328.16 million. During the same period last year, the firm posted $1.12 earnings per share. Hibbett Sports’s revenue was up 25.0% compared to the same quarter last year.

Several equities research analysts recently commented on the company. Robert W. Baird increased their price objective on Hibbett Sports to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. Zacks Investment Research raised Hibbett Sports from a “sell” rating to a “hold” rating in a research report on Monday, March 11th. BidaskClub cut Hibbett Sports from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 23rd. Susquehanna Bancshares raised Hibbett Sports from a “neutral” rating to a “positive” rating and increased their price objective for the company from $20.00 to $27.00 in a research report on Monday, March 25th. Finally, Consumer Edge cut Hibbett Sports from an “overweight” rating to an “equal weight” rating and set a $18.54 price objective on the stock. in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $22.55.

Shares of Hibbett Sports stock traded down $0.50 during trading on Friday, hitting $20.57. 987 shares of the company’s stock traded hands, compared to its average volume of 678,175. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.75 and a quick ratio of 0.63. Hibbett Sports has a 1 year low of $13.08 and a 1 year high of $29.60. The stock has a market capitalization of $384.61 million, a PE ratio of 11.73, a price-to-earnings-growth ratio of 1.61 and a beta of 0.57.

In other Hibbett Sports news, CEO Jeffry O. Rosenthal sold 30,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $25.00, for a total value of $750,000.00. Following the transaction, the chief executive officer now directly owns 65,097 shares of the company’s stock, valued at $1,627,425. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.

Large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of Hibbett Sports by 5.4% during the 1st quarter. BlackRock Inc. now owns 2,875,403 shares of the company’s stock valued at $65,587,000 after buying an additional 146,153 shares during the period. Vanguard Group Inc. boosted its stake in shares of Hibbett Sports by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,581,669 shares of the company’s stock valued at $29,735,000 after buying an additional 93,431 shares during the period. FMR LLC boosted its stake in shares of Hibbett Sports by 0.3% during the 1st quarter. FMR LLC now owns 1,329,262 shares of the company’s stock valued at $30,321,000 after buying an additional 3,600 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Hibbett Sports by 150.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,270,853 shares of the company’s stock valued at $28,989,000 after buying an additional 763,016 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Hibbett Sports by 105.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 815,110 shares of the company’s stock valued at $11,656,000 after buying an additional 418,062 shares during the period.

About Hibbett Sports

Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates Hibbett.com, an e-commerce Website. It operates approximately 1,100 stores under the Hibbett Sports and City Gear names primarily in small and mid-sized communities in the United States.

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