Helen of Troy (HELE) Posts Earnings Results, Beats Expectations By $0.24 EPS

Helen of Troy (NASDAQ:HELE) posted its earnings results on Tuesday. The company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.24, MarketWatch Earnings reports. Helen of Troy had a return on equity of 19.39% and a net margin of 7.00%. The company had revenue of $431.10 million for the quarter, compared to the consensus estimate of $425.76 million. During the same period in the previous year, the business earned $2.52 earnings per share. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Helen of Troy updated its FY 2019 guidance to $7.70-7.95 EPS and its FY19 guidance to $7.70-7.95 EPS.

Shares of NASDAQ HELE opened at $111.88 on Thursday. The company has a current ratio of 2.14, a quick ratio of 1.18 and a debt-to-equity ratio of 0.28. Helen of Troy has a fifty-two week low of $81.10 and a fifty-two week high of $145.46. The company has a market capitalization of $3.54 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 3.08 and a beta of 0.82.

A number of brokerages have issued reports on HELE. Bank of America set a $151.00 price objective on Helen of Troy and gave the company a “buy” rating in a research report on Monday, November 19th. Zacks Investment Research downgraded Helen of Troy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 11th. BidaskClub upgraded Helen of Troy from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 13th. Finally, DA Davidson reiterated a “buy” rating and issued a $148.00 price target on shares of Helen of Troy in a report on Wednesday, October 10th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $141.67.

In other news, Director Gary B. Abromovitz sold 640 shares of the stock in a transaction that occurred on Tuesday, October 23rd. The stock was sold at an average price of $123.00, for a total value of $78,720.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gary B. Abromovitz sold 500 shares of the stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $125.25, for a total value of $62,625.00. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Helen of Troy by 1.0% in the third quarter. BlackRock Inc. now owns 3,059,779 shares of the company’s stock worth $400,526,000 after purchasing an additional 30,063 shares in the last quarter. Vanguard Group Inc. grew its stake in Helen of Troy by 0.7% in the third quarter. Vanguard Group Inc. now owns 2,369,993 shares of the company’s stock worth $310,232,000 after purchasing an additional 16,942 shares in the last quarter. Vanguard Group Inc grew its stake in Helen of Troy by 0.7% in the third quarter. Vanguard Group Inc now owns 2,369,993 shares of the company’s stock worth $310,232,000 after purchasing an additional 16,942 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Helen of Troy by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,165,703 shares of the company’s stock worth $152,590,000 after purchasing an additional 4,268 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in Helen of Troy by 1,338.9% in the second quarter. Schroder Investment Management Group now owns 916,725 shares of the company’s stock worth $66,645,000 after purchasing an additional 853,013 shares in the last quarter. 94.13% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Helen of Troy (HELE) Posts Earnings Results, Beats Expectations By $0.24 EPS” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2019/01/10/helen-of-troy-hele-posts-earnings-results-beats-expectations-by-0-24-eps.html.

Helen of Troy Company Profile

Helen of Troy Limited designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. It operates in three segments: Housewares, Health & Home, and Beauty. The Housewares segment offers food and beverage preparation tools and gadgets, storage containers, and organization products; household cleaning products, and shower organization, bathroom accessories, and gardening products; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; and insulated water bottles, jugs, drinkware, travel mugs, and food containers.

Read More: Market Capitalization in the Stock Market

Earnings History for Helen of Troy (NASDAQ:HELE)

Receive News & Ratings for Helen of Troy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helen of Troy and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply