Brokerages Expect Sally Beauty Holdings (SBH) to Announce $0.56 Earnings Per Share

Brokerages expect Sally Beauty Holdings (NYSE:SBH) to report earnings of $0.56 per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Sally Beauty’s earnings. The lowest EPS estimate is $0.53 and the highest is $0.58. Sally Beauty reported earnings of $0.44 per share during the same quarter last year, which would indicate a positive year over year growth rate of 27.3%. The company is scheduled to report its next earnings results before the market opens on Thursday, May 3rd.

On average, analysts expect that Sally Beauty will report full-year earnings of $2.40 per share for the current fiscal year, with EPS estimates ranging from $2.28 to $2.50. For the next year, analysts forecast that the company will post earnings of $2.44 per share, with EPS estimates ranging from $2.13 to $2.67. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Sally Beauty.

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Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.26. Sally Beauty had a net margin of 6.17% and a negative return on equity of 72.22%. The company had revenue of $994.96 million for the quarter, compared to the consensus estimate of $990.18 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The business’s revenue was down .5% compared to the same quarter last year.

SBH has been the topic of several research reports. ValuEngine downgraded shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. Robert W. Baird set a $21.00 price objective on shares of Sally Beauty and gave the stock a “buy” rating in a report on Friday, December 22nd. Oppenheimer restated a “hold” rating on shares of Sally Beauty in a report on Wednesday, January 31st. Finally, BMO Capital Markets set a $18.00 price objective on shares of Sally Beauty and gave the stock a “hold” rating in a report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $17.50.

NYSE:SBH opened at $16.09 on Wednesday. Sally Beauty has a 52-week low of $14.05 and a 52-week high of $21.36. The company has a current ratio of 1.97, a quick ratio of 0.38 and a debt-to-equity ratio of -5.17. The stock has a market cap of $2,047.93, a PE ratio of 8.85, a P/E/G ratio of 1.00 and a beta of 0.34.

A number of hedge funds and other institutional investors have recently bought and sold shares of SBH. State of Alaska Department of Revenue bought a new stake in Sally Beauty in the fourth quarter valued at about $185,000. GSA Capital Partners LLP bought a new stake in Sally Beauty in the third quarter valued at about $197,000. Invictus RG bought a new stake in Sally Beauty in the third quarter valued at about $202,000. Koch Industries Inc. bought a new stake in Sally Beauty in the fourth quarter valued at about $231,000. Finally, Meadow Creek Investment Management LLC increased its stake in Sally Beauty by 27.5% in the fourth quarter. Meadow Creek Investment Management LLC now owns 14,080 shares of the specialty retailer’s stock valued at $264,000 after acquiring an additional 3,036 shares during the period.

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About Sally Beauty

Sally Beauty Holdings, Inc, together with its subsidiaries, operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care, skin and nail care, beauty sundries, and styling tools for retail customers and salon professionals.

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

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