Q3 2016 Earnings Forecast for HSN Inc. Issued By Craig Hallum (HSNI)
HSN Inc. (NASDAQ:HSNI) – Equities research analysts at Craig Hallum cut their Q3 2016 earnings per share estimates for HSN in a research note issued on Monday. Craig Hallum analyst A. Fuhrman now anticipates that the firm will post earnings per share of $0.49 for the quarter, down from their previous forecast of $0.52. Craig Hallum has a “Hold” rating and a $42.00 price objective on the stock. Craig Hallum also issued estimates for HSN’s FY2016 earnings at $2.90 EPS, Q1 2017 earnings at $0.54 EPS and Q3 2017 earnings at $0.51 EPS.
HSN (NASDAQ:HSNI) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $854.30 million for the quarter, compared to analysts’ expectations of $871.23 million. HSN had a return on equity of 117.99% and a net margin of 4.10%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.81 EPS.
HSNI has been the topic of a number of other reports. Bank of America Corp. initiated coverage on HSN in a report on Tuesday, September 20th. They set an “underperform” rating on the stock. Citigroup Inc. decreased their price objective on HSN from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, September 15th. Zacks Investment Research downgraded HSN from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. TheStreet downgraded HSN from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th. Finally, Axiom Securities decreased their price objective on HSN from $66.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, August 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $55.67.
Shares of HSN (NASDAQ:HSNI) opened at 38.71 on Wednesday. The firm has a market capitalization of $2.02 billion, a PE ratio of 13.81 and a beta of 1.04. HSN has a 12 month low of $37.34 and a 12 month high of $63.44. The stock’s 50 day moving average price is $40.48 and its 200-day moving average price is $47.91.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Wednesday, September 7th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Friday, September 2nd. HSN’s dividend payout ratio (DPR) is currently 50.00%.
In other news, Director Thomas Mcinerney sold 4,000 shares of HSN stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $43.62, for a total value of $174,480.00. Following the completion of the transaction, the director now owns 59,669 shares in the company, valued at $2,602,761.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.60% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. FDx Advisors Inc. boosted its position in HSN by 0.4% in the second quarter. FDx Advisors Inc. now owns 9,029 shares of the company’s stock valued at $442,000 after buying an additional 36 shares during the period. Legal & General Group Plc boosted its position in HSN by 1.0% in the second quarter. Legal & General Group Plc now owns 8,693 shares of the company’s stock valued at $422,000 after buying an additional 86 shares during the period. OLD National Bancorp IN boosted its position in HSN by 1.0% in the second quarter. OLD National Bancorp IN now owns 8,962 shares of the company’s stock valued at $439,000 after buying an additional 87 shares during the period. State Treasurer State of Michigan boosted its position in HSN by 0.8% in the second quarter. State Treasurer State of Michigan now owns 12,800 shares of the company’s stock valued at $626,000 after buying an additional 100 shares during the period. Finally, 1st Global Advisors Inc. boosted its position in HSN by 1.6% in the second quarter. 1st Global Advisors Inc. now owns 8,621 shares of the company’s stock valued at $422,000 after buying an additional 132 shares during the period. Hedge funds and other institutional investors own 63.67% of the company’s stock.
HSN Company Profile
HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and private-label merchandise directly to consumers through various platforms, including television home shopping programming broadcast on the HSN television networks; catalogs, comprising the Cornerstone portfolio of print catalogs; Websites, which consist of HSN.com, joymangano.com and over seven branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.
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