Hanesbrands (HBI) Scheduled to Post Earnings on Thursday

Hanesbrands (NYSE:HBI) will be releasing its earnings data before the market opens on Thursday, May 9th. Analysts expect Hanesbrands to post earnings of ($0.06) per share for the quarter. Hanesbrands has set its Q1 guidance at ($0.10)-($0.04) EPS and its FY24 guidance at $0.42-0.48 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, February 15th. The textile maker reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). Hanesbrands had a positive return on equity of 5.84% and a negative net margin of 0.31%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm earned $0.07 EPS. The business’s revenue for the quarter was down 12.0% compared to the same quarter last year. On average, analysts expect Hanesbrands to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hanesbrands Trading Up 0.3 %

Hanesbrands stock opened at $4.50 on Wednesday. Hanesbrands has a 1 year low of $3.54 and a 1 year high of $5.86. The firm’s 50-day moving average is $5.10 and its 200-day moving average is $4.54. The company has a debt-to-equity ratio of 7.72, a quick ratio of 0.65 and a current ratio of 1.64. The company has a market cap of $1.58 billion, a P/E ratio of -89.88 and a beta of 1.62.

Analysts Set New Price Targets

A number of brokerages have issued reports on HBI. Citigroup raised their target price on shares of Hanesbrands from $4.50 to $5.50 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Wedbush boosted their price objective on Hanesbrands from $4.50 to $5.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd.

Hanesbrands Company Profile

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of range of innerwear apparels for men, women, and children in the Americas, Europe, the Asia pacific, and internationally. The company operates through three segments: Innerwear, Activewear, and International.