Hanesbrands (HBI) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Hanesbrands (HBI) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $0.51 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.52. The company posted revenue of $1470.00 million in the period, compared to analysts expectations of $1530.65 million. The company’s revenue was down -3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Hanesbrands opened for trading at $25.68 and hit $26.7 on the upside on Friday, eventually ending the session at $26.66, with a gain of 3.94% or 1.01 points. The heightened volatility saw the trading volume jump to 48,01,120 shares. Company has a market cap of $10,065 M.

Investors should note that on Jul 26, 2016, Hanesbrands announced a cash dividend of $0.1100. The company’s management has announced Aug 12, 2016 as the ex-dividend date and fixed the record date on Aug 16, 2016. The payable date has been fixed on Sep 7, 2016.

In a different news, on Jun 6, 2016, John T. Marsh (Group President, Activewear) sold 10,986 shares at $27.30 per share price. According to the SEC, on May 9, 2016, Jessica Tuchman Mathews (director) purchased 1,792 shares at $27.52 per share price. On Jan 7, 2016, Richard A Noll (CEO) sold 141,460 shares at $29.58 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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