Analysts expect HSN, Inc. (NASDAQ:HSNI) to announce earnings of $0.58 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for HSN’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.55. HSN posted earnings per share of $0.74 in the same quarter last year, which indicates a negative year over year growth rate of 21.6%. The company is expected to announce its next earnings results on Thursday, August 3rd.
On average, analysts expect that HSN will report full year earnings of $2.42 per share for the current year, with EPS estimates ranging from $2.34 to $2.51. For the next financial year, analysts forecast that the business will post earnings of $2.73 per share, with EPS estimates ranging from $2.61 to $2.96. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover HSN.
HSN (NASDAQ:HSNI) last issued its quarterly earnings results on Wednesday, May 3rd. The specialty retailer reported $0.40 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.40. HSN had a return on equity of 72.70% and a net margin of 3.15%. The business had revenue of $785.40 million for the quarter, compared to analyst estimates of $785.22 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The company’s revenue was down 3.8% on a year-over-year basis.
Several research analysts recently commented on HSNI shares. Zacks Investment Research cut HSN from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 25th. ValuEngine cut HSN from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Aegis started coverage on HSN in a research note on Tuesday, April 11th. They issued a “hold” rating and a $41.00 price target on the stock. Craig Hallum set a $40.00 price target on HSN and gave the stock a “hold” rating in a research note on Thursday, May 4th. Finally, Maxim Group set a $46.00 price target on HSN and gave the stock a “buy” rating in a research note on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $45.13.
A number of hedge funds have recently made changes to their positions in the stock. First Mercantile Trust Co. raised its stake in shares of HSN by 22.7% in the first quarter. First Mercantile Trust Co. now owns 2,700 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 500 shares in the last quarter. Advantus Capital Management Inc raised its stake in shares of HSN by 5.9% in the first quarter. Advantus Capital Management Inc now owns 4,090 shares of the specialty retailer’s stock valued at $152,000 after buying an additional 228 shares in the last quarter. US Bancorp DE raised its stake in shares of HSN by 5.5% in the first quarter. US Bancorp DE now owns 4,326 shares of the specialty retailer’s stock valued at $160,000 after buying an additional 226 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in shares of HSN by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 5,505 shares of the specialty retailer’s stock valued at $204,000 after buying an additional 18 shares in the last quarter. Finally, Pacad Investment Ltd. raised its stake in shares of HSN by 61.8% in the fourth quarter. Pacad Investment Ltd. now owns 6,309 shares of the specialty retailer’s stock valued at $216,000 after buying an additional 2,409 shares in the last quarter. 59.70% of the stock is owned by hedge funds and other institutional investors.
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Shares of HSN (NASDAQ:HSNI) traded up 1.26% during midday trading on Friday, hitting $32.25. The stock had a trading volume of 264,010 shares. HSN has a one year low of $30.75 and a one year high of $54.03. The firm has a 50 day moving average price of $33.99 and a 200 day moving average price of $35.44. The stock has a market cap of $1.69 billion, a PE ratio of 15.28 and a beta of 1.29.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 21st. Investors of record on Wednesday, June 7th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend was Monday, June 5th. HSN’s dividend payout ratio is currently 66.67%.
HSN Company Profile
HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and merchandise directly to consumers through various platforms, including television home shopping programing broadcast on the HSN television networks and other direct-response television marketing; catalogs, consisting of the Cornerstone portfolio of print catalogs, which includes, Ballard Designs, Frontgate, Garnet Hill, Grandin Road and Improvements; Websites, which consist primarily of HSN.com, joymangano.com and the five branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.
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