Hanesbrands (NYSE:HBI – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $0.31-$0.37 for the period, compared to the consensus EPS estimate of $0.45. The company issued revenue guidance of $3.59-$3.63 billion, compared to the consensus revenue estimate of $5.31 billion. Hanesbrands also updated its FY 2024 guidance to 0.310-0.370 EPS.
Analyst Ratings Changes
A number of brokerages have recently commented on HBI. Barclays boosted their price target on Hanesbrands from $4.00 to $5.00 and gave the stock an equal weight rating in a research report on Friday, May 10th. Wedbush reissued a neutral rating and issued a $5.00 price target on shares of Hanesbrands in a research report on Thursday, June 6th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hanesbrands has a consensus rating of Hold and a consensus price target of $5.00.
Check Out Our Latest Research Report on Hanesbrands
Hanesbrands Stock Down 0.8 %
Hanesbrands (NYSE:HBI – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.05. The business had revenue of $995.40 million for the quarter, compared to analysts’ expectations of $1.35 billion. Hanesbrands had a positive return on equity of 9.84% and a negative net margin of 0.42%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) EPS. On average, equities research analysts forecast that Hanesbrands will post 0.46 earnings per share for the current fiscal year.
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.
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