Hanesbrands (HBI) Releases Earnings Results, Beats Expectations By $0.04 EPS

Hanesbrands (HBI) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $0.26 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.22. The company posted revenue of $1219.10 million in the period, compared to analysts expectations of $1211.98 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Hanesbrands. Shares were Reiterated by UBS on Feb 5, 2016 to “Buy” and Lowered the Price Target to $ 35 from a previous price target of $42 .

Hanesbrands opened for trading at $27.76 and hit $28.21 on the upside on Monday, eventually ending the session at $28.02, with a gain of 0.76% or 0.21 points. The heightened volatility saw the trading volume jump to 20,11,055 shares. Company has a market cap of $10,975 M.

In a different news, on Jan 7, 2016, Richard A Noll (CEO) sold 141,460 shares at $29.58 per share price. According to the SEC, on Dec 9, 2015, Richard D Moss (Chief Financial Officer) sold 45,000 shares at $30.52 per share price. On Dec 8, 2015, John T. Marsh (Group President, Activewear) sold 16,060 shares at $31.12 per share price, according to the Form-4 filing with the securities and exchange commission.

Hanesbrands Inc. is a manufacturer and marketer of apparel. The Company operates through four segments: Innerwear Activewear Direct to Consumer and International. The Company’s innerwear and activewear apparel brands include Hanes Champion Bali Playtex Maidenform JMS/Just My Size L’eggs Flexees barely there Wonderbra Gear for Sports and Lilyette. Its international brands also include DIM Nur Die/Nur Der Zorba Rinbros and Shock Absorber among others. The Company’s Innerwear segment focuses on apparel products such as intimate apparel men’s underwear children’s underwear and socks. In the activewear market it sells products such as T-shirts and fleece to both retailers and wholesalers. Its Direct to Consumer operations include its domestic Company-operated outlet stores catalogs and Website operations that sell its branded products to consumers in the United States. The Company’s international markets are Europe Canada Japan Mexico Brazil and Australia.


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