Hanesbrands (NYSE:HBI - Get Free Report) released its earnings results on Thursday. The textile maker reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03, Zacks reports. The business had revenue of $888.47 million during the quarter, compared to analysts' expectations of $899.30 million. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. Hanesbrands updated its FY 2025 guidance to 0.510-0.550 EPS and its Q1 2025 guidance to 0.020-0.020 EPS.
Hanesbrands Price Performance
NYSE:HBI traded down $0.38 during mid-day trading on Monday, reaching $5.88. The stock had a trading volume of 12,689,959 shares, compared to its average volume of 4,296,875. Hanesbrands has a 12 month low of $4.06 and a 12 month high of $9.10. The stock has a market capitalization of $2.07 billion, a PE ratio of -8.90 and a beta of 1.63. The company has a debt-to-equity ratio of 21.50, a current ratio of 1.49 and a quick ratio of 0.90. The stock has a 50-day simple moving average of $8.15 and a two-hundred day simple moving average of $7.46.
Analyst Upgrades and Downgrades
HBI has been the topic of a number of recent research reports. Stifel Nicolaus reiterated a "hold" rating and set a $7.00 target price (down previously from $8.00) on shares of Hanesbrands in a research note on Friday. UBS Group raised shares of Hanesbrands from a "neutral" rating to a "buy" rating and raised their price target for the stock from $9.00 to $11.00 in a research report on Tuesday, November 26th. Finally, Barclays raised their target price on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an "equal weight" rating in a 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 data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.10.
Read Our Latest Analysis on HBI
Hanesbrands Company Profile
(
Get Free Report)
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.
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