Hanesbrands Inc. (NYSE:HBI) is set to announce third quarter earning results on Thursday 5th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, HBI to report 3Q20 income of $ 0.39 per share.
For the full year, analysts anticipate top line of $ 6406.35 million, while looking forward to income of $ 1.46 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 6,675.00 million ~ $ 6,775.00 million, where as bottomline are predicted in a range of $ 1.72 ~ $ 1.80 per share
Click Here For More Historical Outlooks Of Hanesbrands Inc.
Previous Quarter Performance
Hanesbrands Inc. posted income for the second quarter of $ 0.60 per share, from the revenue of $ 1,739.00 million. The quarterly earnings expanded 33.33 percent while revenues shrunk 1.25 percent compared with the same quarter last year. The top line results outshined analysts by $ 566.88 million or 48.36 percent.
Stock Performance
Shares of Hanesbrands Inc. traded low $ -0.45 or -2.68 percent on Wednesday, reaching $ 16.37 with volume of 4.31 million shares. Hanesbrands Inc. has traded high as $ 16.89 and has cracked $ 16.31 on the downward trend
The closing price of $ 16.37, representing a 141.67 % increase from the 52 week low of $ 6.96 and a 5.19 % decrease over the 52 week high of $ 17.74.
The company has a market capital of $ 5.70 billion and is part of the Consumer Cyclical sector and Apparel Manufacturing industry.
Recent Stock Dividend Announcement
On July 28, 2020, the board of directors authorized quarterly dividend of $ 0.15 per share to holders of record as of the close of business on August 11, 2020, with payment date of September 1, 2020 and ex-dividend date on August 10, 2020.
Conference Call
Hanesbrands Inc. will be hosting a conference call at 8:30 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hanes.com
Hanesbrands Inc., a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells mens underwear, womens panties, childrens underwear, activewear, socks, and hosiery, as well as intimate apparel, such as bras and shapewears; home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.
