Hanesbrands (NYSE:HBI) Announces Earnings Results

Hanesbrands (NYSE:HBI) released its quarterly earnings results on Thursday. The textile maker reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03, Zacks reports. The firm had revenue of $888.47 million during the quarter, compared to analysts’ expectations of $899.30 million. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. Hanesbrands updated its FY 2025 guidance to 0.510-0.550 EPS and its Q1 2025 guidance to 0.020-0.020 EPS.

Hanesbrands Stock Down 6.0 %

Shares of HBI traded down $0.38 during trading on Friday, reaching $5.88. The company’s stock had a trading volume of 12,689,959 shares, compared to its average volume of 4,296,875. The company has a fifty day moving average of $8.15 and a two-hundred day moving average of $7.44. Hanesbrands has a twelve month low of $4.06 and a twelve month high of $9.10. The company has a market cap of $2.07 billion, a price-to-earnings ratio of -8.90 and a beta of 1.63. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 21.50.

Wall Street Analyst Weigh In

HBI has been the subject of a number of analyst reports. Barclays upped their price target on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. UBS Group upgraded Hanesbrands from a “neutral” rating to a “buy” rating and upped their price target for the stock from $9.00 to $11.00 in a report on Tuesday, November 26th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $7.00 target price (down from $8.00) on shares of Hanesbrands in a research report on Friday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $7.10.

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.