Hanesbrands (HBI) Scheduled to Post Earnings on Thursday

Hanesbrands (NYSE:HBI - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Hanesbrands (NYSE:HBI - Get Free Report) last released its earnings results on Thursday, August 8th. The textile maker reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.05. Hanesbrands had a negative net margin of 6.02% and a positive return on equity of 33.23%. The firm had revenue of $995.40 million during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the business earned ($0.01) EPS. The business's quarterly revenue was down 3.8% compared to the same quarter last year. On average, analysts expect Hanesbrands to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hanesbrands Trading Down 3.1 %

Shares of NYSE:HBI traded down $0.23 during midday trading on Thursday, hitting $6.94. The company had a trading volume of 5,680,111 shares, compared to its average volume of 7,790,672. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 50.06. Hanesbrands has a 12 month low of $3.58 and a 12 month high of $7.57. The firm has a fifty day simple moving average of $6.86 and a 200 day simple moving average of $5.74. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of -117.17 and a beta of 1.58.

Wall Street Analysts Forecast Growth

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

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.