Hanesbrands (HBI) to Release Quarterly Earnings on Thursday

Hanesbrands (NYSE:HBI - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $899.68 million for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Hanesbrands (NYSE:HBI - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. The business had revenue of $937.10 million during the quarter, compared to analyst estimates of $936.47 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The company's revenue was down 2.5% 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 traded down $0.44 on Friday, reaching $7.54. The company's stock had a trading volume of 4,598,188 shares, compared to its average volume of 4,296,875. Hanesbrands has a twelve month low of $4.06 and a twelve month high of $9.10. The company has a debt-to-equity ratio of 21.50, a quick ratio of 0.90 and a current ratio of 1.49. The firm's 50 day moving average is $8.32 and its two-hundred day moving average is $7.43. The stock has a market cap of $2.66 billion, a PE ratio of -11.42 and a beta of 1.63.

Wall Street Analyst Weigh In

Several research analysts have issued reports on HBI shares. Barclays lifted their price target on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. UBS Group raised Hanesbrands from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $9.00 to $11.00 in a research report on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Hanesbrands has a consensus rating of "Hold" and an average target price of $6.90.

About Hanesbrands

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.