Hanesbrands (HBI) to Release Earnings on Thursday

Hanesbrands (NYSE:HBI) is set to announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce 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.Investors that wish to listen to the company’s conference call can do so using this link.

Hanesbrands (NYSE:HBI) last posted 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 for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the company earned $0.07 earnings per share. The company’s quarterly revenue was down 12.0% on a year-over-year basis. On average, analysts expect Hanesbrands to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hanesbrands Price Performance

NYSE:HBI opened at $4.55 on Thursday. The stock has a market capitalization of $1.60 billion, a PE ratio of -90.98 and a beta of 1.58. The company has a current ratio of 1.64, a quick ratio of 0.65 and a debt-to-equity ratio of 7.72. The firm has a fifty day simple moving average of $5.13 and a 200 day simple moving average of $4.54. Hanesbrands has a 1-year low of $3.54 and a 1-year high of $5.86.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Citigroup lifted their price target on Hanesbrands from $4.50 to $5.50 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Wedbush increased their price objective on shares of 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.