Zacks: Analysts Anticipate Helen of Troy Limited (NASDAQ:HELE) Will Announce Quarterly Sales of $560.13 Million


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Equities analysts predict that Helen of Troy Limited (NASDAQ:HELE) will announce sales of $560.13 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Helen of Troy’s earnings. The highest sales estimate is $571.30 million and the lowest is $548.95 million. Helen of Troy reported sales of $474.74 million during the same quarter last year, which indicates a positive year-over-year growth rate of 18%. The firm is expected to announce its next quarterly earnings report before the market opens on Thursday, January 7th.

On average, analysts expect that Helen of Troy will report full-year sales of $2.00 billion for the current year, with estimates ranging from $1.98 billion to $2.02 billion. For the next year, analysts expect that the business will report sales of $2.04 billion, with estimates ranging from $2.00 billion to $2.08 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Helen of Troy.

Helen of Troy (NASDAQ:HELE) last posted its earnings results on Tuesday, October 13th. The company reported $3.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $1.45. The business had revenue of $530.90 million for the quarter, compared to analysts’ expectations of $439.89 million. Helen of Troy had a net margin of 11.41% and a return on equity of 22.98%. The business’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.24 EPS.

Several equities research analysts have recently commented on HELE shares. Sidoti started coverage on Helen of Troy in a research note on Wednesday, September 30th. They issued a “neutral” rating for the company. Oppenheimer started coverage on Helen of Troy in a research note on Thursday, October 15th. They issued a “buy” rating and a $235.00 price objective for the company. DA Davidson upped their price objective on Helen of Troy from $243.00 to $246.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. Finally, BidaskClub lowered Helen of Troy from a “buy” rating to a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $214.20.

HELE opened at $222.19 on Friday. The firm’s 50 day simple moving average is $211.30 and its two-hundred day simple moving average is $200.31. The company has a market capitalization of $5.63 billion, a PE ratio of 26.51, a PEG ratio of 2.19 and a beta of 0.93. Helen of Troy has a 1-year low of $104.01 and a 1-year high of $230.56. The company has a current ratio of 1.90, a quick ratio of 1.20 and a debt-to-equity ratio of 0.23.

Institutional investors have recently modified their holdings of the stock. USA Financial Portformulas Corp bought a new position in shares of Helen of Troy during the 3rd quarter valued at about $28,000. First Horizon Advisors Inc. raised its position in Helen of Troy by 34.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 217 shares of the company’s stock worth $41,000 after purchasing an additional 56 shares during the period. Private Capital Group LLC raised its position in Helen of Troy by 28.6% in the 2nd quarter. Private Capital Group LLC now owns 225 shares of the company’s stock worth $42,000 after purchasing an additional 50 shares during the period. Steward Partners Investment Advisory LLC raised its position in Helen of Troy by 55.5% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 227 shares of the company’s stock worth $44,000 after purchasing an additional 81 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Helen of Troy during the third quarter worth approximately $46,000. 92.53% of the stock is owned by institutional investors.

About Helen of Troy

Helen of Troy Limited designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. The company operates in three segments: Housewares, Health & Home, and Beauty. The Housewares segment offers food and beverage preparation tools and gadgets, storage containers, and organization products; household cleaning products, shower organization, bathroom accessories, and gardening products; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; and insulated water bottles, jugs, thermoses, drinkware, travel mugs, and food containers.

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