Hanesbrands (NYSE:HBI) Announces Earnings Results, Beats Expectations By $0.03 EPS

Hanesbrands (NYSE:HBI) issued its quarterly earnings data on Thursday. The textile maker reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03, Zacks reports. 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 Price Performance

Shares of NYSE:HBI traded down $1.34 during midday trading on Thursday, reaching $6.33. The company’s stock had a trading volume of 29,804,890 shares, compared to its average volume of 5,718,292. The business’s fifty day simple moving average is $8.25 and its 200-day simple moving average is $7.45. The company has a debt-to-equity ratio of 21.50, a current ratio of 1.49 and a quick ratio of 0.90. Hanesbrands has a fifty-two week low of $4.06 and a fifty-two week high of $9.10. The company has a market capitalization of $2.23 billion, a P/E ratio of -9.55 and a beta of 1.63.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. UBS Group raised Hanesbrands from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $9.00 to $11.00 in a research report on Tuesday, November 26th. Barclays raised their target price on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Hanesbrands presently has a consensus rating of “Hold” and a consensus target price of $6.90.

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.