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

Hanesbrands (NYSE:HBI) posted its earnings results on Thursday. The textile maker reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03, Zacks reports. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. 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 $0.38 during midday trading on Friday, hitting $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 business’s 50 day simple moving average is $8.15 and its 200 day simple moving average is $7.44. The company has a debt-to-equity ratio of 21.50, a quick ratio of 0.90 and a current ratio of 1.49. The company has a market cap of $2.07 billion, a P/E ratio of -8.90 and a beta of 1.63. Hanesbrands has a 12-month low of $4.06 and a 12-month high of $9.10.

Wall Street Analyst Weigh In

A number of brokerages have commented on HBI. Stifel Nicolaus restated a “hold” rating and issued a $7.00 target price (down from $8.00) on shares of Hanesbrands in a research note on Friday. UBS Group upgraded shares of Hanesbrands from a “neutral” rating to a “buy” rating and upped their price target for the company from $9.00 to $11.00 in a research note on Tuesday, November 26th. Finally, 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 assigned a buy rating to the company. Based on data from MarketBeat, Hanesbrands presently has a consensus rating of “Hold” and a consensus target price of $7.10.

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.