Sally Beauty Holdings, Inc. (SBH) Expected to Post Quarterly Sales of $992.47 Million

Equities analysts predict that Sally Beauty Holdings, Inc. (NYSE:SBH) will announce sales of $992.47 million for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Sally Beauty’s earnings, with estimates ranging from $983.80 million to $1.00 billion. Sally Beauty posted sales of $999.61 million in the same quarter last year, which would indicate a negative year over year growth rate of 0.7%. The company is expected to issue its next earnings report on Thursday, February 1st.

On average, analysts expect that Sally Beauty will report full-year sales of $992.47 million for the current financial year, with estimates ranging from $3.91 billion to $4.04 billion. For the next financial year, analysts expect that the business will report sales of $3.98 billion per share, with estimates ranging from $3.92 billion to $4.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Sally Beauty.

Sally Beauty (NYSE:SBH) last released its earnings results on Wednesday, November 15th. The specialty retailer reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). The firm had revenue of $974.20 million during the quarter, compared to analyst estimates of $989.96 million. Sally Beauty had a negative return on equity of 74.84% and a net margin of 5.46%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share.

SBH has been the subject of a number of research analyst reports. DA Davidson upgraded Sally Beauty from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Monday, October 16th. Zacks Investment Research downgraded Sally Beauty from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. BMO Capital Markets cut their price objective on Sally Beauty from $21.00 to $16.00 and set a “market perform” rating for the company in a research report on Wednesday, November 15th. Oppenheimer reiterated a “hold” rating on shares of Sally Beauty in a research report on Wednesday, September 13th. Finally, KeyCorp reiterated a “hold” rating on shares of Sally Beauty in a research report on Monday, October 16th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. Sally Beauty has a consensus rating of “Hold” and an average target price of $18.55.

Shares of Sally Beauty (NYSE SBH) opened at $17.73 on Thursday. The firm has a market capitalization of $2,250.00, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 1.68 and a beta of 0.65. The company has a debt-to-equity ratio of -4.87, a current ratio of 2.04 and a quick ratio of 0.42. Sally Beauty has a 52-week low of $14.05 and a 52-week high of $26.47.

In related news, Director Edward W. Rabin acquired 3,750 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was bought at an average price of $15.49 per share, for a total transaction of $58,087.50. Following the transaction, the director now owns 14,351 shares of the company’s stock, valued at $222,296.99. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.48% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Sally Beauty by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,427 shares of the specialty retailer’s stock valued at $110,000 after purchasing an additional 559 shares in the last quarter. Flinton Capital Management LLC lifted its holdings in shares of Sally Beauty by 86.8% in the second quarter. Flinton Capital Management LLC now owns 7,952 shares of the specialty retailer’s stock valued at $161,000 after purchasing an additional 3,696 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Sally Beauty in the third quarter valued at $197,000. Invictus RG purchased a new stake in shares of Sally Beauty in the third quarter valued at $202,000. Finally, M&T Bank Corp lifted its holdings in shares of Sally Beauty by 0.6% in the second quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 65 shares in the last quarter.

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About Sally Beauty

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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Earnings History and Estimates for Sally Beauty (NYSE:SBH)

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