Hanesbrands (NYSE:HBI) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.72-1.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.04. The company issued revenue guidance of $6.72-6.82 billion, compared to the consensus revenue estimate of $6.64 billion.Hanesbrands also updated its Q1 guidance to $0.23-0.25 EPS.

Hanesbrands (NYSE HBI) traded down $2.06 on Thursday, hitting $19.90. The company had a trading volume of 24,231,167 shares, compared to its average volume of 6,643,854. The firm has a market cap of $7,885.96, a PE ratio of 12.25, a P/E/G ratio of 1.19 and a beta of 0.68. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90. Hanesbrands has a 1-year low of $18.90 and a 1-year high of $25.73.

Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. equities analysts expect that Hanesbrands will post 1.95 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.02%. Hanesbrands’s dividend payout ratio is currently 37.04%.

HBI has been the topic of a number of research reports. B. Riley restated a buy rating on shares of Hanesbrands in a report on Thursday, November 2nd. ValuEngine cut Hanesbrands from a buy rating to a hold rating in a report on Sunday, December 31st. Barclays lowered their target price on Hanesbrands from $31.00 to $26.00 and set an overweight rating on the stock in a report on Thursday, November 2nd. Morgan Stanley lowered their target price on Hanesbrands from $24.00 to $23.00 and set an equal weight rating on the stock in a report on Thursday, November 2nd. Finally, Wells Fargo & Co cut Hanesbrands from an outperform rating to a market perform rating and set a $23.00 target price on the stock. in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. Hanesbrands presently has an average rating of Hold and a consensus target price of $25.91.

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Hanesbrands Company Profile

Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.

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