Zacks: Brokerages Anticipate Hibbett Sports, Inc. (HIBB) Will Announce Earnings of $0.29 Per Share

Equities analysts expect Hibbett Sports, Inc. (NASDAQ:HIBB) to report earnings per share of $0.29 for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Hibbett Sports’ earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.35. Hibbett Sports posted earnings per share of $0.54 during the same quarter last year, which would indicate a negative year over year growth rate of 46.3%. The firm is scheduled to issue its next quarterly earnings results on Friday, March 9th.

According to Zacks, analysts expect that Hibbett Sports will report full-year earnings of $1.50 per share for the current year, with EPS estimates ranging from $1.46 to $1.56. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.81 per share, with EPS estimates ranging from $1.51 to $2.10. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Hibbett Sports.

Hibbett Sports (NASDAQ:HIBB) last released its earnings results on Friday, November 17th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.15. Hibbett Sports had a net margin of 3.94% and a return on equity of 11.38%. The business had revenue of $237.80 million during the quarter, compared to analyst estimates of $219.38 million. During the same quarter in the prior year, the firm earned $0.66 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year.

A number of research firms have recently issued reports on HIBB. TheStreet raised shares of Hibbett Sports from a “d+” rating to a “c” rating in a report on Tuesday, November 21st. BMO Capital Markets upped their target price on shares of Hibbett Sports from $10.00 to $17.00 and gave the stock a “market perform” rating in a report on Friday, November 17th. Buckingham Research lowered shares of Hibbett Sports from a “neutral” rating to an “underperform” rating and set a $13.00 target price for the company. in a report on Tuesday, November 21st. Stifel Nicolaus set a $20.00 target price on shares of Hibbett Sports and gave the stock a “hold” rating in a report on Friday, December 15th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $21.00 target price on shares of Hibbett Sports in a report on Wednesday, January 3rd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $21.53.

Hibbett Sports (NASDAQ HIBB) traded up $0.50 during trading on Wednesday, hitting $25.45. 738,748 shares of the stock were exchanged, compared to its average volume of 857,359. Hibbett Sports has a fifty-two week low of $9.40 and a fifty-two week high of $34.75. The stock has a market capitalization of $495.54, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 7.72 and a beta of 0.96.

Hedge funds have recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC purchased a new position in Hibbett Sports during the third quarter worth about $143,000. Voya Investment Management LLC boosted its stake in Hibbett Sports by 11.9% during the second quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock worth $249,000 after buying an additional 1,278 shares during the period. Thrivent Financial For Lutherans boosted its stake in Hibbett Sports by 1.4% during the second quarter. Thrivent Financial For Lutherans now owns 12,520 shares of the company’s stock worth $260,000 after buying an additional 170 shares during the period. Verition Fund Management LLC purchased a new position in Hibbett Sports during the second quarter worth about $280,000. Finally, BNP Paribas Arbitrage SA boosted its stake in Hibbett Sports by 17.8% during the second quarter. BNP Paribas Arbitrage SA now owns 13,713 shares of the company’s stock worth $285,000 after buying an additional 2,075 shares during the period.

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Hibbett Sports Company Profile

Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states.

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Earnings History and Estimates for Hibbett Sports (NASDAQ:HIBB)

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