Hanesbrands (HBI) Projected to Post Quarterly Earnings on Thursday

Hanesbrands (NYSE:HBI - Get Free Report) is anticipated to announce its Q1 2025 earnings results before the market opens on Thursday, May 8th. Analysts expect Hanesbrands to post earnings of $0.03 per share and revenue of $757.42 million for the quarter. Hanesbrands has set its FY 2025 guidance at 0.510-0.550 EPS and its Q1 2025 guidance at 0.020-0.020 EPS.

Hanesbrands (NYSE:HBI - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. The business had revenue of $888.47 million during the quarter, compared to analyst estimates of $899.30 million. On average, analysts expect Hanesbrands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hanesbrands Stock Down 0.8 %

NYSE HBI traded down $0.04 on Tuesday, reaching $4.76. The stock had a trading volume of 5,806,939 shares, compared to its average volume of 7,092,860. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of -5.17 and a beta of 1.50. The business has a 50 day moving average price of $5.22 and a 200 day moving average price of $6.95. Hanesbrands has a 1 year low of $4.02 and a 1 year high of $9.10. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28.

Insiders Place Their Bets

In other Hanesbrands news, Director Robert F. Moran acquired 74,850 shares of Hanesbrands stock in a transaction dated Tuesday, February 18th. The stock was bought at an average cost of $6.01 per share, with a total value of $449,848.50. Following the acquisition, the director now owns 216,373 shares of the company's stock, valued at approximately $1,300,401.73. The trade was a 52.89 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of Hanesbrands from $7.00 to $5.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company cut their target price on shares of Hanesbrands from $5.00 to $3.00 and set an "underweight" rating for the company in a research report on Wednesday, April 30th. Barclays set a $5.00 target price on Hanesbrands and gave the company a "cautious" rating in a research note on Monday, April 28th. Finally, UBS Group lifted their price target on Hanesbrands from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Hanesbrands currently has an average rating of "Hold" and an average price target of $5.20.

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.