Posted by admin on May 19th, 2022
Brokerages expect Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) to report earnings of $0.61 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Sally Beauty’s earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.70. Sally Beauty posted earnings per share of $0.68 during the same quarter last year, which would indicate a negative year over year growth rate of 10.3%. The company is scheduled to report its next earnings report on Monday, January 1st.
On average, analysts expect that Sally Beauty will report full-year earnings of $2.34 per share for the current financial year, with EPS estimates ranging from $2.23 to $2.55. For the next fiscal year, analysts expect that the company will report earnings of $2.53 per share, with EPS estimates ranging from $2.35 to $2.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Sally Beauty.
Sally Beauty (NYSE:SBH – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The specialty retailer reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.04). The company had revenue of $911.40 million for the quarter, compared to analyst estimates of $951.20 million. Sally Beauty had a return on equity of 104.07% and a net margin of 6.66%. Sally Beauty’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 earnings per share.
Several research firms have recently commented on SBH. Zacks Investment Research lowered shares of Sally Beauty from a “hold” rating to a “strong sell” rating and set a $13.00 price target for the company. in a report on Tuesday, May 10th. Oppenheimer lowered shares of Sally Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, May 5th. StockNews.com lowered shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Monday, May 9th. DA Davidson decreased their price target on shares of Sally Beauty from $22.00 to $19.50 in a report on Friday, February 4th. Finally, Cowen decreased their price target on shares of Sally Beauty from $30.00 to $20.00 in a report on Friday, May 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.58.
A number of large investors have recently modified their holdings of the stock. Polaris Capital Management LLC bought a new stake in shares of Sally Beauty during the 1st quarter worth about $45,611,000. Fisher Asset Management LLC raised its position in shares of Sally Beauty by 97.2% during the 4th quarter. Fisher Asset Management LLC now owns 3,629,631 shares of the specialty retailer’s stock worth $67,003,000 after buying an additional 1,789,399 shares in the last quarter. Norges Bank bought a new stake in shares of Sally Beauty during the 4th quarter worth about $18,587,000. Millennium Management LLC raised its position in shares of Sally Beauty by 302.9% during the 3rd quarter. Millennium Management LLC now owns 763,107 shares of the specialty retailer’s stock worth $12,858,000 after buying an additional 573,719 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Sally Beauty by 33.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,773,613 shares of the specialty retailer’s stock worth $29,885,000 after buying an additional 443,239 shares in the last quarter.
Shares of SBH stock opened at $14.00 on Monday. The firm has a market cap of $1.50 billion, a P/E ratio of 6.17 and a beta of 1.34. The company has a debt-to-equity ratio of 5.08, a current ratio of 2.27 and a quick ratio of 0.59. Sally Beauty has a 1-year low of $13.79 and a 1-year high of $23.39. The firm has a fifty day moving average of $15.82 and a two-hundred day moving average of $17.54.
About Sally Beauty (Get Rating)
Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.
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