Loading...
Loading...
According to Sterne Agee, Hanesbrands
HBI should be seeing a transformational 2012.
Sterne Agee said that HBI is due to report 3Q11 EPS ~10/31; it is estimating 84c (+34% y/y) vs. FC at 82c. "We are modeling sales of $1,344M (+15%, 9% organic), essentially static sequentially despite 2 incremental pricing actions during the quarter. Given the width of prevailing guidance ($2.70-2.90), we believe it is likely that HBI will tighten the range, perhaps reducing the top-end by a few cents. We regard HBI as the most compelling opportunity in our space over the next 12-18 months, with a risk/reward highly skewed to the upside."
Hanesbrands closed on Friday at $27.32.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in