Hanesbrands (NYSE:HBI) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Hanesbrands (NYSE:HBI - Get Free Report) released its earnings results on Thursday. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.03, Zacks reports. The business had revenue of $888.47 million during the quarter, compared to the consensus estimate of $899.30 million. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. Hanesbrands updated its FY 2025 guidance to 0.510-0.550 EPS and its Q1 2025 guidance to 0.020-0.020 EPS.

Hanesbrands Stock Down 6.0 %

Shares of Hanesbrands stock traded down $0.38 during midday trading on Monday, hitting $5.88. The company had a trading volume of 12,689,959 shares, compared to its average volume of 4,296,875. 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 stock has a market capitalization of $2.07 billion, a P/E ratio of -8.90 and a beta of 1.63. The company has a 50 day moving average of $8.15 and a 200 day moving average of $7.46. Hanesbrands has a 52-week low of $4.06 and a 52-week high of $9.10.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Stifel Nicolaus reiterated a "hold" rating and issued a $7.00 price target (down from $8.00) on shares of Hanesbrands in a research report on Friday. UBS Group upgraded 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. Finally, Barclays boosted their target price on Hanesbrands from $6.00 to $7.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.10.

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.