Hanesbrands (HBI) to Release Earnings on Thursday

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

Hanesbrands Stock Performance

Shares of HBI stock opened at $7.54 on Wednesday. The business has a 50 day simple moving average of $8.27 and a 200 day simple moving average of $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. The firm 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 12-month low of $4.06 and a 12-month high of $9.10.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HBI shares. UBS Group raised Hanesbrands from a “neutral” rating to a “buy” rating and raised their price target for the company from $9.00 to $11.00 in a report on Tuesday, November 26th. Barclays boosted their price target on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Hanesbrands currently has an average rating of “Hold” and an average target price 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.