Wall Street brokerages expect that Sally Beauty Holdings, Inc. (NYSE:SBH) will post $0.60 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Sally Beauty’s earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.65. Sally Beauty posted earnings of $0.52 per share in the same quarter last year, which would suggest a positive year over year growth rate of 15.4%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that Sally Beauty will report full year earnings of $2.20 per share for the current fiscal year, with EPS estimates ranging from $2.10 to $2.29. For the next financial year, analysts forecast that the business will report earnings of $2.33 per share, with EPS estimates ranging from $2.00 to $2.55. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Sally Beauty.
Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, May 3rd. The specialty retailer reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.02). The business had revenue of $975.30 million during the quarter, compared to analysts’ expectations of $975.33 million. Sally Beauty had a negative return on equity of 73.82% and a net margin of 6.26%. Sally Beauty’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 EPS.
A number of research firms recently weighed in on SBH. Zacks Investment Research upgraded Sally Beauty from a “sell” rating to a “hold” rating in a research report on Saturday. BMO Capital Markets set a $16.00 price objective on Sally Beauty and gave the stock a “hold” rating in a research report on Friday, May 4th. Cowen restated a “market perform” rating on shares of Sally Beauty in a research report on Wednesday, June 20th. They noted that the move was a valuation call. ValuEngine lowered Sally Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, Bank of America decreased their price objective on Sally Beauty from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, May 4th. Three investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $16.90.
In other news, Director Edward W. Rabin purchased 3,300 shares of the business’s stock in a transaction dated Monday, May 7th. The stock was bought at an average cost of $14.48 per share, with a total value of $47,784.00. Following the purchase, the director now directly owns 14,351 shares of the company’s stock, valued at $207,802.48. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Aaron E. Alt purchased 3,500 shares of the business’s stock in a transaction dated Tuesday, May 22nd. The shares were purchased at an average cost of $15.10 per share, with a total value of $52,850.00. Following the completion of the purchase, the chief financial officer now directly owns 3,500 shares in the company, valued at $52,850. The disclosure for this purchase can be found here. Insiders have acquired a total of 26,800 shares of company stock valued at $392,834 over the last 90 days. Corporate insiders own 1.48% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. ArrowMark Colorado Holdings LLC raised its stake in shares of Sally Beauty by 10.4% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 10,962,148 shares of the specialty retailer’s stock valued at $205,650,000 after acquiring an additional 1,028,943 shares in the last quarter. Millennium Management LLC raised its stake in shares of Sally Beauty by 2,251.6% in the 1st quarter. Millennium Management LLC now owns 706,669 shares of the specialty retailer’s stock valued at $11,625,000 after acquiring an additional 676,619 shares in the last quarter. LSV Asset Management raised its stake in shares of Sally Beauty by 26.1% in the 1st quarter. LSV Asset Management now owns 2,821,500 shares of the specialty retailer’s stock valued at $46,413,000 after acquiring an additional 583,984 shares in the last quarter. Gotham Asset Management LLC raised its stake in shares of Sally Beauty by 205.9% in the 4th quarter. Gotham Asset Management LLC now owns 721,210 shares of the specialty retailer’s stock valued at $13,530,000 after acquiring an additional 485,480 shares in the last quarter. Finally, Aristotle Fund L.P. bought a new position in shares of Sally Beauty in the 4th quarter valued at approximately $8,329,000.
NYSE SBH opened at $16.03 on Friday. The company has a debt-to-equity ratio of -5.62, a current ratio of 2.11 and a quick ratio of 0.40. Sally Beauty has a 52 week low of $14.05 and a 52 week high of $21.36. The company has a market cap of $1.96 billion, a P/E ratio of 8.91, a PEG ratio of 1.08 and a beta of 0.30.
Sally Beauty Company Profile
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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