Analysts predict that Sally Beauty Holdings, Inc. (NYSE: SBH) will report earnings per share (EPS) of $0.52 for the current fiscal quarter, according to Zacks. Four analysts have made estimates of Sally Beauty’s earnings. The lowest EPS estimate is $0.44 and the highest is $0.61. Sally Beauty posted earnings of $0.57 per share in the same quarter last year, suggesting a negative 8.8% year-over-year growth rate. The company is expected to release its next results on Thursday, May 5.
On average, analysts expect Sally Beauty to report annual earnings of $2.58 per share for the current year, with EPS estimates ranging from $2.50 to $2.63. For the next fiscal year, analysts expect the company to report earnings of $2.75 per share, with EPS estimates ranging from $2.69 to $2.77. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Sally Beauty.
Sally Beauty Inc (NYSE:SBH) last reported quarterly earnings data on Wednesday, February 2. The specialty retailer reported earnings per share (EPS) of $0.63 for the quarter, beating consensus analyst estimates of $0.60 by $0.03. Sally Beauty had a net margin of 6.19% and a return on equity of 148.76%. The company posted revenue of $980.00 million in the quarter, versus analyst estimates of $993.34 million. During the same period last year, the company posted EPS of $0.50. The company’s revenue increased 4.7% year over year.
A number of research analysts have weighed in on the company recently. Oppenheimer cut his price target on Sally Beauty from $24.00 to $22.00 and set an “outperform” rating for the company in a Thursday, November 4 research report. Morgan Stanley raised its price target on Sally Beauty from $22.00 to $23.00 and gave the stock an “equal weight” rating in a Monday, November 15 research note. Zacks Investment Research upgraded Sally Beauty from a “hold” rating to a “strong-buy” rating and set a target price of $24.00 for the company in a Tuesday, November 16 research report. Finally, DA Davidson reduced its target price on Sally Beauty shares from $22.00 to $19.50 in a Friday, February 4 report. Three investment analysts gave the stock a hold rating, two gave the company a buy rating and one gave the company a high buy rating. According to MarketBeat, the stock currently has an average buy rating and an average target price of $23.70.
In related news, director Susan R. Mulder sold 5,000 shares of Sally Beauty in a trade dated Friday, November 26. The shares were sold at an average price of $20.14, for a total transaction of $100,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Additionally, director Susan R. Mulder sold 2,901 shares of the company in a trade dated Thursday, Dec. 9. The shares were sold at an average price of $21.00, for a total transaction of $60,921.00. The disclosure of this sale can be found here. Insiders sold a total of 10,401 shares of the company valued at $214,121 over the past ninety days. Company insiders own 1.74% of the company’s shares.
A number of institutional investors have recently changed their positions in the company. First Trust Advisors LP increased its stake in shares of Sally Beauty by 20.0% during the first quarter. First Trust Advisors LP now owns 76,690 shares of the specialty retailer valued at $1,412,000 after purchasing an additional 12,797 shares during the period. Geode Capital Management LLC increased its stake in Sally Beauty by 2.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,838,659 shares of the specialty retailer valued at $40,579,000 after purchasing an additional 44,969 shares last quarter. Northern Trust Corp increased its position in Sally Beauty by 0.7% in the second quarter. Northern Trust Corp now owns 1,544,950 shares of the specialty retailer valued at $34,098,000 after purchasing an additional 10,599 shares during the period. Renaissance Technologies LLC increased its stake in Sally Beauty by 42.9% in the 2nd quarter. Renaissance Technologies LLC now owns 815,500 shares of the specialty retailer worth $17,998,000 after acquiring an additional 245,000 shares last quarter. Finally, Macquarie Group Ltd. increased its position in Sally Beauty shares by 1.8% during the second quarter. Macquarie Group Ltd. now owns 69,223 shares of the specialty retailer worth $1,528,000 after acquiring an additional 1,222 shares during the period.
Shares of NYSE SBH opened at $17.23 on Wednesday. The company has a market capitalization of $1.95 billion, a P/E ratio of 8.24 and a beta of 1.46. Sally Beauty has a 52-week low of $15.24 and a 52-week high of $25.66. The company has a debt ratio of 4.92, a quick ratio of 0.77 and a current ratio of 2.08. The company’s fifty-day moving average is $18.02 and its two-hundred-day moving average is $18.03.
About Sally Beauty
Sally Beauty Holdings, Inc is an international retailer and distributor of professional beauty products. It operates through Sally Beauty Supply (SBS) and Beauty Systems Group (BSG) segments. The SBS segment offers a national and international chain of retail stores and a consumer-facing e-commerce website that offers professional beauty products to hair salon professionals and retail customers primarily in North America, Puerto Rico and in parts of Europe and South America.
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