Hanesbrands (HBI) to Announce Earnings on Thursday

Hanesbrands (NYSE:HBI) is expected to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Hanesbrands to post earnings of $0.14 per share and revenue of $899.68 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Hanesbrands Price Performance

Shares of NYSE HBI opened at $7.54 on Wednesday. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 21.50. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of -11.42 and a beta of 1.63. Hanesbrands has a twelve month low of $4.06 and a twelve month high of $9.10. The business has a 50 day simple moving average of $8.27 and a 200-day simple moving average of $7.45.

Analyst Ratings Changes

Several analysts have weighed in on HBI shares. UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and boosted their target price for the company from $9.00 to $11.00 in a research note on Tuesday, November 26th. Barclays increased their price objective on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $6.90.

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.