Hanesbrands (HBI) Scheduled to Post Earnings on Thursday

Hanesbrands (NYSE:HBI - Get Free Report) is set to post its quarterly earnings results before the market opens on Thursday, August 10th. Analysts expect Hanesbrands to post earnings of ($0.02) per

Hanesbrands (NYSE:HBI - Get Free Report) is set to post its quarterly earnings results before the market opens on Thursday, August 10th. Analysts expect Hanesbrands to post earnings of ($0.02) per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Hanesbrands (NYSE:HBI - Get Free Report) last released its quarterly earnings data on Wednesday, May 3rd. The textile maker reported ($0.06) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.06). Hanesbrands had a negative net margin of 4.64% and a positive return on equity of 38.23%. The business had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter last year, the company earned $0.34 EPS. The company's revenue for the quarter was down 11.8% compared to the same quarter last year. On average, analysts expect Hanesbrands to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

HBI stock opened at $5.11 on Thursday. The company has a quick ratio of 0.60, a current ratio of 1.72 and a debt-to-equity ratio of 10.57. Hanesbrands has a fifty-two week low of $3.85 and a fifty-two week high of $11.77. The firm's 50-day simple moving average is $4.60 and its 200 day simple moving average is $5.20. The stock has a market cap of $1.79 billion, a PE ratio of -6.39 and a beta of 1.62.

A number of analysts recently weighed in on the stock. Barclays dropped their price objective on shares of Hanesbrands from $6.00 to $5.00 in a report on Thursday, May 4th. Stifel Nicolaus lowered their target price on shares of Hanesbrands from $7.00 to $6.00 in a research note on Thursday, May 4th. StockNews.com assumed coverage on shares of Hanesbrands in a research report on Thursday, May 18th. They set a "sell" rating for the company. Finally, SpectralCast restated a "maintains" rating on shares of Hanesbrands in a research report on Friday, April 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Hanesbrands currently has an average rating of "Hold" and a consensus price target of $7.88.

Get Our Latest Research Report on HBI

Hedge funds and other institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board boosted its holdings in shares of Hanesbrands by 41.9% in the first quarter. Canada Pension Plan Investment Board now owns 5,010 shares of the textile maker's stock worth $74,000 after buying an additional 1,480 shares during the period. Harbour Investments Inc. boosted its holdings in shares of Hanesbrands by 63.2% in the fourth quarter. Harbour Investments Inc. now owns 6,020 shares of the textile maker's stock worth $38,000 after buying an additional 2,332 shares during the period. Money Concepts Capital Corp boosted its holdings in shares of Hanesbrands by 91.1% in the fourth quarter. Money Concepts Capital Corp now owns 7,944 shares of the textile maker's stock worth $51,000 after buying an additional 3,788 shares during the period. Silvercrest Asset Management Group LLC acquired a new stake in shares of Hanesbrands during the fourth quarter worth approximately $64,000. Finally, Argent Trust Co acquired a new stake in shares of Hanesbrands during the first quarter worth approximately $54,000. 88.35% of the stock is currently owned by institutional investors and hedge funds.

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children. The company operates through three segments: Innerwear, Activewear, and International. It sells men's underwear, women's panties, children's underwear and socks, and activewear, as well as intimate apparel, such as bras and shapewears; home goods; and T-shirts, fleece, performance apparel, sport shirts, performance T-shirts and shorts, sports bras, teamwear, and thermals, as well as licensed logo apparel in collegiate bookstores and mass retail channels.

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