European Wax Center (EWCZ) Set to Announce Quarterly Earnings on Wednesday

European Wax Center (NASDAQ:EWCZ) will release its earnings data before the market opens on Wednesday, August 14th. Analysts expect European Wax Center to post earnings of $0.07 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

European Wax Center (NASDAQ:EWCZ) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.06. European Wax Center had a net margin of 5.50% and a return on equity of 11.01%. The firm had revenue of $51.87 million during the quarter, compared to analysts’ expectations of $51.88 million. On average, analysts expect European Wax Center to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

European Wax Center Stock Down 6.9 %

NASDAQ:EWCZ opened at $6.73 on Tuesday. The stock’s fifty day moving average price is $9.78 and its two-hundred day moving average price is $11.74. The company has a market cap of $409.39 million, a price-to-earnings ratio of 26.92, a P/E/G ratio of 1.74 and a beta of 1.17. European Wax Center has a 52-week low of $6.65 and a 52-week high of $18.28. The company has a debt-to-equity ratio of 3.10, a quick ratio of 2.31 and a current ratio of 2.95.

Analyst Ratings Changes

EWCZ has been the topic of several recent research reports. Citigroup decreased their price target on European Wax Center from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, May 16th. Piper Sandler lowered their price target on shares of European Wax Center from $15.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Telsey Advisory Group restated an “outperform” rating and issued a $16.00 price objective on shares of European Wax Center in a report on Thursday, May 30th. Bank of America lowered their target price on shares of European Wax Center from $19.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, May 16th. Finally, Truist Financial cut their price target on European Wax Center from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.00.

About European Wax Center

European Wax Center, Inc operates as the franchisor and operator of out-of-home waxing services in the United States. It offers body and facial waxing services; and pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers, and skin treatments. The company was founded in 2004 and is headquartered in Plano, Texas.