Wall Street analysts expect that HSN, Inc. (NASDAQ:HSNI) will post $0.38 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for HSN’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.35. HSN reported earnings of $0.52 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 26.9%. The business is expected to report its next earnings report before the market opens on Wednesday, November 8th.
According to Zacks, analysts expect that HSN will report full-year earnings of $2.41 per share for the current year, with EPS estimates ranging from $2.39 to $2.42. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.72 per share, with EPS estimates ranging from $2.61 to $2.92. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover HSN.
HSN (NASDAQ:HSNI) last issued its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.05. The firm had revenue of $821.40 million for the quarter, compared to the consensus estimate of $831.18 million. HSN had a net margin of 3.36% and a return on equity of 64.60%. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.74 EPS.
Several research analysts have recently issued reports on HSNI shares. Maxim Group set a $61.00 target price on shares of HSN and gave the stock a “buy” rating in a report on Friday, July 7th. Aegis cut their target price on shares of HSN from $39.00 to $37.00 and set a “hold” rating on the stock in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of HSN from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. FBR & Co raised their target price on shares of HSN from $35.00 to $40.00 and gave the stock a “mkt perform” rating in a report on Wednesday, July 12th. Finally, Sidoti cut shares of HSN from a “buy” rating to a “neutral” rating in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $45.00.
A number of institutional investors have recently made changes to their positions in HSNI. Swiss National Bank lifted its position in HSN by 2.9% during the first quarter. Swiss National Bank now owns 55,900 shares of the specialty retailer’s stock valued at $2,074,000 after buying an additional 1,600 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of HSN by 45,803.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 11,935 shares of the specialty retailer’s stock worth $443,000 after purchasing an additional 11,909 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of HSN in the 1st quarter worth about $386,000. Ameriprise Financial Inc. raised its position in shares of HSN by 4.6% in the 1st quarter. Ameriprise Financial Inc. now owns 86,977 shares of the specialty retailer’s stock worth $3,227,000 after purchasing an additional 3,817 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of HSN by 11.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 77,988 shares of the specialty retailer’s stock worth $2,893,000 after purchasing an additional 7,945 shares during the last quarter. 57.71% of the stock is owned by institutional investors and hedge funds.
Shares of HSN (NASDAQ:HSNI) traded up 1.44% on Friday, hitting $38.85. 382,236 shares of the stock were exchanged. The company has a 50 day moving average of $38.12 and a 200 day moving average of $36.40. HSN has a 52-week low of $30.75 and a 52-week high of $42.75. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 17.42 and a beta of 1.33.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Wednesday, September 6th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Friday, September 1st. HSN’s dividend payout ratio is currently 63.06%.
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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