Helen of Troy (NASDAQ:HELE) Releases FY 2022 Earnings Guidance

Helen of Troy (NASDAQ:HELE) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share guidance of $11.260-$11.560 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.860. The company issued revenue guidance of $2.02 billion-$2.07 billion, compared to the consensus revenue estimate of $2 billion.

Several brokerages have recently issued reports on HELE. Zacks Investment Research raised Helen of Troy from a strong sell rating to a buy rating and set a $252.00 target price for the company in a research report on Wednesday, September 8th. DA Davidson upped their price target on Helen of Troy from $223.00 to $254.00 and gave the stock a neutral rating in a research note on Friday, October 8th.

Shares of Helen of Troy stock traded up $2.87 during trading on Thursday, reaching $224.12. 225 shares of the stock traded hands, compared to its average volume of 203,633. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 3.23 and a beta of 0.84. The business has a fifty day simple moving average of $231.10 and a two-hundred day simple moving average of $224.01. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.85 and a quick ratio of 0.90. Helen of Troy has a 52-week low of $181.85 and a 52-week high of $265.97.

Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings data on Wednesday, October 6th. The company reported $2.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.82. The firm had revenue of $475.20 million during the quarter, compared to analyst estimates of $428.16 million. Helen of Troy had a return on equity of 23.94% and a net margin of 11.29%. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.77 earnings per share. On average, research analysts predict that Helen of Troy will post 9.07 earnings per share for the current fiscal year.

In other Helen of Troy news, Director Vincent D. Carson sold 2,525 shares of the business’s stock in a transaction that occurred on Wednesday, August 11th. The stock was sold at an average price of $234.83, for a total transaction of $592,945.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julien Mininberg sold 2,079 shares of the business’s stock in a transaction that occurred on Tuesday, August 10th. The shares were sold at an average price of $235.79, for a total value of $490,207.41. The disclosure for this sale can be found here. Company insiders own 0.93% of the company’s stock.

A hedge fund recently raised its stake in Helen of Troy stock. Morgan Stanley increased its holdings in Helen of Troy Limited (NASDAQ:HELE) by 10.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,173 shares of the company’s stock after buying an additional 10,397 shares during the period. Morgan Stanley owned about 0.44% of Helen of Troy worth $24,448,000 as of its most recent filing with the Securities & Exchange Commission.

About Helen of Troy

Helen of Troy Ltd. engages in the manufacture and distribution of personal care and household products. It operates through the following segments: Housewares, Healthcare and Home, and Beauty. The Housewares segment offers food preparation tools, containers, electronics, baby care, and cleaning products.

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Earnings History and Estimates for Helen of Troy (NASDAQ:HELE)

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