Hanesbrands (NYSE:HBI) Announces Earnings Results, Beats Estimates By $0.04 EPS

Hanesbrands (NYSE:HBI) issued its quarterly earnings data on Thursday. The textile maker reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04, RTT News reports. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Hanesbrands had a negative net margin of 0.31% and a positive return on equity of 5.84%. The business’s revenue for the quarter was down 16.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.06) earnings per share.

Hanesbrands Stock Up 5.0 %

Hanesbrands stock opened at $4.69 on Friday. The stock has a market capitalization of $1.65 billion, a PE ratio of -93.70 and a beta of 1.62. Hanesbrands has a twelve month low of $3.54 and a twelve month high of $5.86. The company has a quick ratio of 0.65, a current ratio of 1.64 and a debt-to-equity ratio of 7.72. The company has a 50 day moving average of $5.07 and a 200-day moving average of $4.54.

Analyst Upgrades and Downgrades

HBI has been the subject of a number of analyst reports. Citigroup boosted their price objective on shares of Hanesbrands from $4.50 to $5.50 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Wedbush boosted their price objective on shares of Hanesbrands from $4.50 to $5.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd.

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.