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

Hanesbrands (NYSE:HBI) posted its quarterly earnings results on Thursday. The textile maker reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03, Zacks reports. The business had revenue of $888.47 million for the quarter, compared to analyst estimates of $899.30 million. 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 Stock Performance

Shares of NYSE:HBI traded down $0.38 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. Hanesbrands has a 12 month low of $4.06 and a 12 month high of $9.10. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of -8.90 and a beta of 1.63. The stock’s 50-day moving average is $8.15 and its two-hundred day 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.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HBI shares. Barclays upped their price objective on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. UBS Group upgraded Hanesbrands from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $9.00 to $11.00 in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus restated a “hold” rating and set a $7.00 price objective (down from $8.00) on shares of Hanesbrands in a research note on Friday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hanesbrands has a consensus rating of “Hold” and a consensus price target 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.