Zacks: Analysts Expect HSN, Inc. (NASDAQ:HSNI) Will Announce Earnings of $0.41 Per Share
Equities analysts forecast that HSN, Inc. (NASDAQ:HSNI) will report earnings per share of $0.41 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for HSN’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.43. HSN posted earnings per share of $0.52 during the same quarter last year, which would suggest a negative year over year growth rate of 21.2%. The company is scheduled to report its next quarterly earnings results on Monday, November 6th.
According to Zacks, analysts expect that HSN will report full year earnings of $2.42 per share for the current financial year, with EPS estimates ranging from $2.37 to $2.51. For the next fiscal year, analysts expect that the firm will post earnings of $2.74 per share, with EPS estimates ranging from $2.61 to $2.96. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover HSN.
HSN (NASDAQ:HSNI) last issued its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $821.40 million during the quarter, compared to analysts’ expectations of $831.18 million. HSN had a return on equity of 64.60% and a net margin of 3.36%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS.
A number of analysts have issued reports on the company. Maxim Group set a $61.00 price target on HSN and gave the stock a “buy” rating in a report on Friday, July 7th. Aegis raised HSN from a “hold” rating to a “buy” rating in a report on Monday, May 8th. Craig Hallum set a $40.00 target price on HSN and gave the company a “hold” rating in a report on Thursday, May 4th. ValuEngine downgraded HSN from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised HSN from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $47.56.
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Large investors have recently added to or reduced their stakes in the company. First Mercantile Trust Co. boosted its stake in HSN by 22.7% in the first quarter. First Mercantile Trust Co. now owns 2,700 shares of the specialty retailer’s stock worth $100,000 after buying an additional 500 shares in the last quarter. US Bancorp DE boosted its stake in HSN by 0.4% in the second quarter. US Bancorp DE now owns 4,345 shares of the specialty retailer’s stock worth $139,000 after buying an additional 19 shares in the last quarter. Advantus Capital Management Inc boosted its stake in HSN by 5.9% in the first quarter. Advantus Capital Management Inc now owns 4,090 shares of the specialty retailer’s stock worth $152,000 after buying an additional 228 shares in the last quarter. North Star Investment Management Corp. boosted its stake in HSN by 124.1% in the second quarter. North Star Investment Management Corp. now owns 5,715 shares of the specialty retailer’s stock worth $182,000 after buying an additional 3,165 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in HSN by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 5,505 shares of the specialty retailer’s stock worth $204,000 after buying an additional 18 shares in the last quarter. Institutional investors and hedge funds own 59.54% of the company’s stock.
Shares of HSN (HSNI) traded down 10.54% during midday trading on Tuesday, hitting $35.65. The company had a trading volume of 921,920 shares. HSN has a 12 month low of $30.75 and a 12 month high of $47.45. The company has a 50-day moving average of $35.92 and a 200 day moving average of $35.80. The firm has a market capitalization of $1.87 billion, a PE ratio of 16.90 and a beta of 1.34.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Wednesday, September 6th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Friday, September 1st. HSN’s dividend payout ratio is currently 63.06%.
HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and merchandise directly to consumers through various platforms, including television home shopping programing broadcast on the HSN television networks and other direct-response television marketing; catalogs, consisting of the Cornerstone portfolio of print catalogs, which includes, Ballard Designs, Frontgate, Garnet Hill, Grandin Road and Improvements; Websites, which consist primarily of HSN.com, joymangano.com and the five branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.
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