Wall Street analysts predict that Sally Beauty Holdings, Inc. (NYSE: SBH) will post earnings per share of $ 0.50 for the current fiscal quarter, according to Zacks. Three analysts provided revenue estimates for Sally Beauty. The highest EPS estimate is $ 0.59 and the lowest is $ 0.42. Sally Beauty posted earnings of $ 0.63 per share in the same quarter last year, suggesting a negative year-over-year growth rate of 20.6%. The company is expected to announce its next quarterly earnings report on Thursday, November 11.
On average, analysts predict that Sally Beauty will report annual earnings of $ 2.27 per share for the current fiscal year, with EPS estimates ranging from $ 2.17 to $ 2.43. For the next fiscal year, analysts expect the company to report earnings of $ 2.41 per share, with EPS estimates ranging from $ 2.19 to $ 2.78. Zacks’ earnings per share calculations are an average based on a survey of selling analysts who cover Sally Beauty.
Sally Beauty (NYSE: SBH) last reported quarterly results on Wednesday, July 28. The specialty retailer reported earnings per share (EPS) of $ 0.68 for the quarter, beating Zacks’ consensus estimate of $ 0.62 by $ 0.06. Sally Beauty had a net margin of 6.30% and a return on equity of 230.45%. The company posted revenue of $ 1.02 billion in the quarter, compared to a consensus estimate of $ 985.22 million.
A number of equity analysts have weighed on the title recently. Zacks Investment Research downgraded Sally Beauty’s shares from a “buy” rating to a “keep” rating and set a price target of $ 20.00 for the company. in a research report on Tuesday August 3. Morgan Stanley reduced its price target for Sally Beauty shares from $ 23.00 to $ 22.00 and set a rating of “equal weight” to the stock in a research note on Monday, August 2. Oppenheimer raised Sally Beauty’s shares from a “market performance” rating to an “outperform” rating and set a target price of $ 24.00 on the stock in a report released on Tuesday, June 22. DA Davidson lowered its price target on Sally Beauty’s stock from $ 26.00 to $ 22.00 and set a “neutral” rating on the stock in a report released on Friday, July 30. Finally, Raymond James downgraded Sally Beauty shares from an “underperformance” rating to a “market performance” rating in a Tuesday July 13th research note. One investment analyst rated the stock with a sell rating, four assigned a conservation rating, and two assigned a buy rating to the stock. Based on data from MarketBeat, Sally Beauty has a consensus rating of “Hold” and a consensus price target of $ 21.50.
NYSE: SBH shares traded down $ 0.01 at noon on Friday, reaching $ 16.91. The stock had a trading volume of 2,730,556 shares, compared to its average volume of 1,515,473. The company has a market cap of $ 1.91 billion, a PE ratio of 7.98 and a beta of 1.62. Sally Beauty has a one-year low of $ 8.27 and a one-year high of $ 25.66. The stock has a 50-day moving average price of $ 19.15 and a two-hundred-day moving average price of $ 20.25. The company has a current ratio of 2.04, a quick ratio of 0.61, and a debt ratio of 6.22.
In addition, CEO Christian A. Brickman bought 10,000 shares of Sally Beauty in a transaction on Monday, August 2. The stock was purchased at an average price of $ 18.92 per share, for a total value of $ 189,200.00. As a result of the transaction, the CEO now directly owns 471,136 shares of the company, valued at approximately $ 8,913,893.12. The acquisition was disclosed in a legal file with the SEC, which is available on the SEC’s website. 3.10% of the shares are currently owned by insiders.
Several large investors have recently changed their positions in the stock. First Trust Advisors LP increased its position in 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 in the last quarter. Alliancebernstein LP increased its position in Sally Beauty shares by 3,673.4% in the 1st quarter. Alliancebernstein LP now owns 6,736,366 shares of the specialty retailer valued at $ 135,603,000 after acquiring an additional 6,557,844 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in Sally Beauty shares in Q1 valued at approximately $ 925,000. Blueshift Asset Management LLC purchased a new position in Sally Beauty during the 1st quarter valued at approximately $ 672,000. Finally, Contrarius Investment Management Ltd purchased a new position in Sally Beauty during the 1st quarter for a value of approximately $ 5,747,000.
About Sally Beauté
Sally Beauty Holdings, Inc is an international retailer and distributor of professional beauty products. It operates through the following segments: Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment is an online and exclusive label distributor of professional beauty products to both retail consumers and salon professionals, primarily in North America, South America and Europe.
Further reading: How to invest in blue chip stocks
Get a Free Copy of Zacks’ Research Report on Sally Beauty (SBH)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by narrative science technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]marketbeat.com.
Should you invest $ 1,000 in Sally Beauty right now?
Before you consider Sally Beauty, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold … and Sally Beauty was not on the list.
While Sally Beauty currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here