Olaplex (NASDAQ:OLPX) Issues Quarterly Earnings Results, Meets Estimates

Olaplex (NASDAQ:OLPX) issued its quarterly earnings data on Thursday. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03, Briefing.com reports. The business had revenue of $98.90 million during the quarter, compared to the consensus estimate of $95.15 million. Olaplex had a net margin of 13.44% and a return on equity of 13.09%. The firm’s revenue was down 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 EPS.

Olaplex Trading Down 1.8 %

Shares of OLPX stock traded down $0.03 during trading hours on Friday, hitting $1.61. 1,534,229 shares of the company’s stock traded hands, compared to its average volume of 2,067,517. The stock’s 50 day simple moving average is $1.68 and its 200 day simple moving average is $1.96. The stock has a market cap of $1.06 billion, a PE ratio of 17.89 and a beta of 2.34. Olaplex has a 12 month low of $1.19 and a 12 month high of $4.27. The company has a quick ratio of 9.21, a current ratio of 10.92 and a debt-to-equity ratio of 0.77.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on OLPX shares. Piper Sandler raised shares of Olaplex from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $1.25 to $2.00 in a research note on Tuesday, March 19th. Telsey Advisory Group reissued a “market perform” rating and issued a $2.00 price objective on shares of Olaplex in a research note on Thursday. Finally, Truist Financial dropped their price target on shares of Olaplex from $7.00 to $3.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $2.59.

Olaplex Company Profile

Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.