Oppenheimer Weighs in on Hanesbrands Inc.’s Q1 2018 Earnings (HBI)
Hanesbrands Inc. (NYSE:HBI) – Research analysts at Oppenheimer lowered their Q1 2018 earnings estimates for shares of Hanesbrands in a research report issued to clients and investors on Thursday. Oppenheimer analyst A. Andreeva now expects that the textile maker will earn $0.24 per share for the quarter, down from their previous forecast of $0.30. Oppenheimer currently has a “Market Perform” rating and a $26.00 target price on the stock. Oppenheimer also issued estimates for Hanesbrands’ Q2 2018 earnings at $0.46 EPS, Q3 2018 earnings at $0.53 EPS, Q4 2018 earnings at $0.48 EPS and FY2018 earnings at $1.72 EPS.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, February 8th. The textile maker reported $0.52 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.52. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. Hanesbrands had a net margin of 0.96% and a return on equity of 72.30%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 earnings per share.
Hanesbrands (HBI) opened at $19.26 on Monday. The firm has a market cap of $7,021.89, a price-to-earnings ratio of 128.40, a P/E/G ratio of 1.22 and a beta of 0.68. Hanesbrands has a fifty-two week low of $18.57 and a fifty-two week high of $25.73. The company has a current ratio of 1.90, a quick ratio of 0.85 and a debt-to-equity ratio of 5.40.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be issued a $0.15 dividend. The ex-dividend date is Friday, February 16th. This represents a $0.60 annualized dividend and a dividend yield of 3.12%. Hanesbrands’s dividend payout ratio is currently 400.00%.
Large investors have recently added to or reduced their stakes in the business. Guardian Capital LP acquired a new position in shares of Hanesbrands in the third quarter valued at $9,494,000. HAP Trading LLC increased its holdings in shares of Hanesbrands by 180.8% in the third quarter. HAP Trading LLC now owns 12,934 shares of the textile maker’s stock valued at $319,000 after purchasing an additional 28,934 shares during the last quarter. Northern Capital Management LLC acquired a new position in shares of Hanesbrands in the third quarter valued at $3,816,000. Victory Capital Management Inc. increased its holdings in shares of Hanesbrands by 4.5% in the third quarter. Victory Capital Management Inc. now owns 698,044 shares of the textile maker’s stock valued at $17,199,000 after purchasing an additional 30,202 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of Hanesbrands by 1,429.0% in the third quarter. Allianz Asset Management GmbH now owns 358,080 shares of the textile maker’s stock valued at $8,823,000 after purchasing an additional 334,661 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.
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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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