Hanesbrands (NYSE:HBI – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.310-0.370 for the period, compared to the consensus EPS estimate of 0.440. The company issued revenue guidance of $3.6 billion-$3.6 billion, compared to the consensus revenue estimate of $5.1 billion. Hanesbrands also updated its FY24 guidance to $0.31-$0.37 EPS.
Hanesbrands Stock Performance
Shares of NYSE HBI traded down $0.05 during midday trading on Friday, reaching $6.09. The company’s stock had a trading volume of 11,081,915 shares, compared to its average volume of 8,497,189. Hanesbrands has a 12-month low of $3.54 and a 12-month high of $6.18. The firm has a 50 day moving average price of $5.22 and a 200-day moving average price of $5.03. The stock has a market capitalization of $2.14 billion, a P/E ratio of -101.50 and a beta of 1.59. The company has a debt-to-equity ratio of 9.57, a current ratio of 1.59 and a quick ratio of 0.62.
Hanesbrands (NYSE:HBI – Get Free Report) last announced its earnings results on Thursday, August 8th. The textile maker reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The firm had revenue of $995.40 million for the quarter, compared to the consensus estimate of $1.35 billion. Hanesbrands had a positive return on equity of 9.84% and a negative net margin of 0.42%. The company’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.01) EPS. As a group, equities analysts predict that Hanesbrands will post 0.46 earnings per share for the current year.
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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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