Earnings results for Hanesbrands (NYSE:HBI)
Hanesbrands Inc. is expected* to report earnings on 11/05/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.36. The reported EPS for the same quarter last year was $0.54.
Hanesbrands last posted its quarterly earnings data on July 30th, 2020. The textile maker reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.62. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.17 billion. Its revenue for the quarter was down 1.3% on a year-over-year basis. Hanesbrands has generated $1.76 earnings per share over the last year and currently has a price-to-earnings ratio of 11.2. Hanesbrands has confirmed that its next quarterly earnings report will be published on Thursday, November 5th, 2020.
Analyst Opinion on Hanesbrands (NYSE:HBI)
10 Wall Street analysts have issued ratings and price targets for Hanesbrands in the last 12 months. Their average twelve-month price target is $14.15, predicting that the stock has a possible downside of 13.56%. The high price target for HBI is $20.00 and the low price target for HBI is $8.00. There are currently 1 sell rating, 3 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of “Buy.”
Hanesbrands has received a consensus rating of Buy. The company’s average rating score is 2.60, and is based on 5 buy ratings, 3 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $14.15, Hanesbrands has a forecasted downside of 13.6% from its current price of $16.37. Hanesbrands has received no research coverage in the past 90 days.
Dividend Strength: Hanesbrands (NYSE:HBI)
Hanesbrands pays a meaningful dividend of 3.57%, higher than the bottom 25% of all stocks that pay dividends. Hanesbrands has only been increasing its dividend for 1 years. The dividend payout ratio of Hanesbrands is 34.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Hanesbrands will have a dividend payout ratio of 36.14% next year. This indicates that Hanesbrands will be able to sustain or increase its dividend.
Insiders buying/selling: Hanesbrands (NYSE:HBI)
In the past three months, Hanesbrands insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,419,625.00 in company stock. Only 0.77% of the stock of Hanesbrands is held by insiders. 93.72% of the stock of Hanesbrands is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Hanesbrands (NYSE:HBI
Earnings for Hanesbrands are expected to grow by 16.08% in the coming year, from $1.43 to $1.66 per share. The P/E ratio of Hanesbrands is 11.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.27. The P/E ratio of Hanesbrands is 11.21, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 56.17. Hanesbrands has a PEG Ratio of 3.53. PEG Ratios above 1 indicate that a company could be overvalued. Hanesbrands has a P/B Ratio of 4.79. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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