Wall Street brokerages expect Sally Beauty Holdings, Inc. (NYSE:SBH) to report earnings per share (EPS) of $0.42 for the current quarter, according to Zacks. Six analysts have made estimates for Sally Beauty Holdings’ earnings, with estimates ranging from $0.39 to $0.44. Sally Beauty Holdings also reported earnings of $0.42 per share during the same quarter last year. The firm is scheduled to announce its next earnings results on Thursday, May 4th.
On average, analysts expect that Sally Beauty Holdings will report full year earnings of $1.77 per share for the current fiscal year, with EPS estimates ranging from $1.72 to $1.80. For the next financial year, analysts expect that the firm will report earnings of $1.90 per share, with EPS estimates ranging from $1.84 to $1.95. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Sally Beauty Holdings.
Sally Beauty Holdings (NYSE:SBH) last issued its earnings results on Thursday, February 2nd. The specialty retailer reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The firm earned $999.60 million during the quarter, compared to the consensus estimate of $1.01 billion. Sally Beauty Holdings had a net margin of 5.98% and a negative return on equity of 82.84%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 earnings per share.
A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Sally Beauty Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. B. Riley reiterated a “neutral” rating and set a $26.00 target price on shares of Sally Beauty Holdings in a report on Saturday, February 11th. Morgan Stanley reduced their target price on Sally Beauty Holdings to $24.00 in a report on Friday, February 3rd. BMO Capital Markets reiterated a “market perform” rating and set a $23.00 target price (down previously from $29.00) on shares of Sally Beauty Holdings in a report on Friday, February 3rd. Finally, CIBC reiterated a “market perform” rating on shares of Sally Beauty Holdings in a report on Thursday, February 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $28.50.
In related news, CAO Janna Minton sold 11,250 shares of the company’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $22.88, for a total value of $257,400.00. Following the sale, the chief accounting officer now owns 26,639 shares in the company, valued at approximately $609,500.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.97% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. FMR LLC increased its stake in Sally Beauty Holdings by 5.7% in the fourth quarter. FMR LLC now owns 9,776,428 shares of the specialty retailer’s stock valued at $258,293,000 after buying an additional 531,570 shares during the last quarter. Arrowpoint Asset Management LLC increased its stake in Sally Beauty Holdings by 40.7% in the fourth quarter. Arrowpoint Asset Management LLC now owns 6,130,651 shares of the specialty retailer’s stock valued at $161,972,000 after buying an additional 1,774,203 shares during the last quarter. BlackRock Fund Advisors increased its stake in Sally Beauty Holdings by 288.8% in the third quarter. BlackRock Fund Advisors now owns 5,304,422 shares of the specialty retailer’s stock valued at $136,218,000 after buying an additional 3,940,270 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Sally Beauty Holdings by 17.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,285,246 shares of the specialty retailer’s stock valued at $110,045,000 after buying an additional 621,423 shares during the last quarter. Finally, Champlain Investment Partners LLC increased its stake in Sally Beauty Holdings by 8.3% in the fourth quarter. Champlain Investment Partners LLC now owns 2,814,970 shares of the specialty retailer’s stock valued at $74,372,000 after buying an additional 214,840 shares during the last quarter.
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Shares of Sally Beauty Holdings (NYSE:SBH) traded down 2.18% during mid-day trading on Friday, hitting $19.26. The company’s stock had a trading volume of 2,997,187 shares. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 11.94 and a beta of 0.69. The stock’s 50 day moving average price is $20.22 and its 200 day moving average price is $24.09. Sally Beauty Holdings has a 52-week low of $19.18 and a 52-week high of $32.26.
About Sally Beauty Holdings
Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.
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