Hanesbrands (NYSE:HBI) Issues Earnings Results

Hanesbrands (NYSE:HBI - Get Free Report) announced its quarterly earnings data on Thursday. The textile maker reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04, Briefing.com reports. Hanesbrands had a negative net margin of 6.02% and a positive return on equity of 33.23%. The business had revenue of $937.10 million for the quarter, compared to analyst estimates of $936.47 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The company's revenue for the quarter was down 2.5% on a year-over-year basis.

Hanesbrands Price Performance

NYSE HBI traded down $0.38 during trading hours on Friday, hitting $8.00. The company had a trading volume of 9,634,759 shares, compared to its average volume of 4,868,863. The firm has a 50 day simple moving average of $7.01 and a 200 day simple moving average of $5.87. Hanesbrands has a 52 week low of $3.58 and a 52 week high of $8.70. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of -9.41 and a beta of 1.58. The company has a debt-to-equity ratio of 50.06, a quick ratio of 0.86 and a current ratio of 1.46.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. UBS Group upped their price target on Hanesbrands from $5.00 to $6.50 and gave the company a "neutral" rating in a research report on Tuesday, August 27th. Stifel Nicolaus upped their price objective on shares of Hanesbrands from $4.50 to $6.00 and gave the company a "hold" rating in a report on Monday, August 12th. Finally, Barclays lifted their target price on shares of Hanesbrands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a research note on Monday, August 12th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Hanesbrands currently has an average rating of "Hold" and a consensus target price of $5.80.

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.