Zacks: Analysts Anticipate HSN, Inc. (HSNI) Will Post Quarterly Sales of $819.99 Million
Equities research analysts expect HSN, Inc. (NASDAQ:HSNI) to announce sales of $819.99 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for HSN’s earnings, with estimates ranging from $818.97 million to $821.00 million. HSN reported sales of $823.02 million during the same quarter last year, which indicates a negative year over year growth rate of 0.4%. The firm is expected to report its next quarterly earnings results on Monday, November 6th.
According to Zacks, analysts expect that HSN will report full-year sales of $819.99 million for the current financial year, with estimates ranging from $3.52 billion to $3.53 billion. For the next year, analysts expect that the business will post sales of $3.61 billion per share. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow HSN.
HSN (NASDAQ:HSNI) last announced its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. HSN had a return on equity of 64.60% and a net margin of 3.36%. The firm had revenue of $821.40 million during the quarter, compared to analysts’ expectations of $831.18 million. During the same period last year, the business posted $0.74 earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year.
Several research analysts have recently issued reports on the company. FBR & Co upped their price objective on HSN from $35.00 to $40.00 and gave the stock a “mkt perform” rating in a research report on Wednesday, July 12th. Aegis decreased their target price on HSN from $39.00 to $37.00 and set a “hold” rating for the company in a research report on Thursday, July 6th. Zacks Investment Research cut HSN from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 9th. Craig Hallum set a $40.00 target price on HSN and gave the company a “hold” rating in a research report on Thursday, May 4th. Finally, Sidoti cut HSN from a “buy” rating to a “neutral” rating in a research report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $46.38.
A number of hedge funds have recently bought and sold shares of the stock. First Mercantile Trust Co. increased 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 valued at $100,000 after buying an additional 500 shares in the last quarter. Advantus Capital Management Inc increased 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 valued at $152,000 after buying an additional 228 shares in the last quarter. US Bancorp DE increased its stake in HSN by 5.5% in the first quarter. US Bancorp DE now owns 4,326 shares of the specialty retailer’s stock valued at $160,000 after buying an additional 226 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased 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 valued at $204,000 after buying an additional 18 shares in the last quarter. Finally, North Star Investment Management Corp. increased 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 valued at $182,000 after buying an additional 3,165 shares in the last quarter. 59.54% of the stock is owned by hedge funds and other institutional investors.
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HSN (HSNI) opened at 37.55 on Thursday. HSN has a 52 week low of $30.75 and a 52 week high of $47.45. The stock has a market capitalization of $1.97 billion, a PE ratio of 17.80 and a beta of 1.34. The stock has a 50 day moving average price of $37.07 and a 200 day moving average price of $35.98.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Wednesday, September 6th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.73%. HSN’s dividend payout ratio (DPR) is presently 63.06%.
HSN Company Profile
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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