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Last $62.38 USD
Change Today +0.16 / 0.26%
Volume 284.6K
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

hsn inc (HSNI) Key Developments

HSN Declares Quarterly Cash Dividend, Payable on September 16, 2015; Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2015

HSN, Inc. board of directors approved a quarterly cash dividend of $0.35 per share payable September 16, 2015 to shareholders of record as of September 2, 2015. The company announced unaudited consolidated earnings results for second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $885,642,000 compared to $855,204,000 a year ago. Operating income was $70,703,000 compared to $67,367,000 a year ago. Income before income taxes was $66,823,000 compared to $65,557,000 a year ago. Net income was $41,632,000 or $0.78 per diluted share compared to $40,940,000 or $0.76 per diluted share a year ago. Adjusted EBITDA was $90,025,000 compared to $82,092,000 a year ago. Non-GAAP adjusted net income was $43,526,000 or $0.81 per share compared to $40,940,000 or $0.76 per share a year ago. For the six months, the company reported net sales of $1,727,529,000 compared to $1,632,624,000 a year ago. Operating income was $127,712,000 compared to $109,235,000 a year ago. Income before income taxes was $120,535,000 compared to $105,726,000 a year ago. Net income was $75,321,000 or $1.40 per diluted share compared to $65,122,000 or $1.21 per diluted share a year ago. Adjusted EBITDA was $163,175,000 compared to $141,850,000 a year ago. Non-GAAP adjusted net income was $77,215,000 or $1.44 per share compared to $68,222,000 or $1.26 per share a year ago. Net cash provided by operating activities was $72,300,000 compared to $28,198,000 a year ago. Capital expenditures were $26,242,000 compared to $15,901,000 a year ago.

HSN, Inc. to Report Q2, 2015 Results on Aug 06, 2015

HSN, Inc. announced that they will report Q2, 2015 results at 9:00 AM, US Eastern Standard Time on Aug 06, 2015

HSN, Inc., Q2 2015 Earnings Call, Aug 06, 2015

HSN, Inc., Q2 2015 Earnings Call, Aug 06, 2015

Liberty Interactive In Bid To Acquire Shopping Channel

Liberty Interactive Corporation (NasdaqGS:QVCA) reportedly is seeking acquisition of The Shopping Channel from Rogers Communications Inc. Rogers Communications Inc. (TSX:RCI.B)has put The Shopping Channel up for sale and received interest from foreign buyers for the television asset that may fetch over CAD $300 million, according to three people familiar with the matter. Rogers Communications, which started the process about six weeks ago, has received the first round of bids and is currently lining up second round bids, the sources said. Liberty Interactive is one of the bidders, said one of the sources. Other interested parties could include U.S. home shopping channel operators HSN, Inc. (NasdaqGS:HSNI) and EVINE Live Inc. (NasdaqGS:EVLV) as well as private equity firms. Rogers Communications could still decide not to go ahead with the sale if the economics were not favorable, the sources said. While several foreign players have shown interest, Canadian regulations could block a sale of a controlling interest in the asset to a foreign entity, said multiple sources familiar with the matter. One source familiar with the asset said a foreign buyer could acquire a majority equity stake in the asset, so long as a Canadian entity is deemed to have majority voting control in the asset, and as long as the operating entity in Canada is headed by a Canadian. A Rogers Communications spokeswoman declined to comment. Liberty, HSN and EVINE were not immediately reachable for comment.

HSN Inc. Plans to Close Distribution Center in Roanoke, Virginia

HSN Inc. will close a distribution center in Roanoke, Virginia, eliminating about 350 positions at the center. The shutdown, scheduled to begin in April 2016, stems from continuing evolution in the retail industry and increased customer demands. The Roanoke facility cannot accommodate the expanding needs of HSN's distribution network and the retailer's plans for fulfillment automation. The Roanoke operations will move to an HSN distribution center in Piney Flats, Tennessee.

 

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Company Last Change
Blue Nile Inc $34.30 USD +0.69
eBay Inc $27.25 USD +0.15
EVINE Live Inc $2.68 USD +0.05
IAC/InterActiveCorp $71.44 USD -0.22
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Industry Analysis

HSNI

Industry Average

Valuation HSNI Industry Range
Price/Earnings 17.9x
Price/Sales 0.9x
Price/Book 28.2x
Price/Cash Flow 14.2x
TEV/Sales 0.7x
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