Wall Street analysts expect Sally Beauty Holdings, Inc. (NYSE: SBH) to post revenue of $ 973.34 million for the current fiscal quarter, Zacks reports. Four analysts have released estimates for Sally Beauty’s earnings. The highest sales estimate is $ 987.00 million and the lowest is $ 957.70 million. Sally Beauty reported sales of $ 705.29 million in the same quarter last year, suggesting a positive growth rate of 38%. The company is expected to release its next quarterly results on Thursday, July 29.
According to Zacks, analysts expect Sally Beauty to report annual revenue of $ 3.78 billion for the current fiscal year, with estimates ranging from $ 3.72 billion to $ 3.84 billion. For the next fiscal year, analysts predict the company will post revenue of $ 3.87 billion, with estimates ranging from $ 3.80 billion to $ 3.97 billion. Zacks sales averages are an average based on a survey of research analysts who cover Sally Beauty.
Sally Beauty (NYSE: SBH) last released quarterly results on Wednesday, May 5. The specialty retailer reported earnings per share (EPS) of $ 0.57 for the quarter, beating Zacks’ consensus estimate of $ 0.15 by $ 0.42. Sally Beauty had a net margin of 4.03% and a return on equity of 401.89%. The company posted revenue of $ 926.33 million for the quarter, compared to a consensus estimate of $ 824.98 million. During the same period last year, the company posted $ 0.23 in EPS. The company’s revenue for the quarter increased 6.4% year-over-year.
Several brokerage firms have recently published reports on SBH. Zacks Investment Research downgraded Sally Beauty from a âsellâ rating to a âconservationâ rating and set a target price of $ 27.00 on the stock in a report released on Monday, May 10. DA Davidson raised its price target for Sally Beauty’s stock from $ 13.00 to $ 26.00 and rated the stock “neutral” in a research report published on Tuesday, May 11. Cowen downgraded Sally Beauty shares from a “market performance” rating to an “outperformance” rating and set a price target of $ 30.00 on the stock in a report released on Tuesday, June 22. . Morgan Stanley raised its target price on Sally Beauty shares from $ 14.00 to $ 23.00 and gave the company an “equal weight” rating in a Friday May 7 research note. Finally, Oppenheimer downgraded Sally Beauty from a âmarket performanceâ rating to an âoutperformanceâ rating and set a price target of $ 24.00 on the stock in a report released on Tuesday, June 22. One research analyst rated the stock with a sell rating, three assigned a conservation rating, and two assigned a buy rating to the company’s stock. Sally Beauty currently has an average Hold odds and a consensus target price of $ 23.50.
NYSE SBH shares opened at $ 22.44 on Friday. The company has a market cap of $ 2.53 billion, a PE ratio of 17.95 and a beta of 1.63. The stock has a 50-day simple moving average of $ 21.44. Sally Beauty has a 52 week low of $ 8.27 and a 52 week high of $ 25.66. The company has a quick ratio of 0.59, a current ratio of 1.68, and a debt ratio of 10.31.
In other Sally Beauty news, insider Mark Gregory Spinks sold 15,324 shares of the company in a deal dated Tuesday, May 11. The shares were sold at an average price of $ 23.74, for a total trade of $ 363,791.76. As a result of the transaction, the insider now owns 41,125 shares of the company, valued at approximately $ 976,307.50. The transaction was disclosed in a file with the SEC, accessible through this link. Company insiders own 3.10% of the company’s shares.
A number of institutional investors and hedge funds have recently increased or reduced their stakes in the company. Alliancebernstein LP increased its stake in Sally Beauty by 3,673.4% in the 1st quarter. Alliancebernstein LP now owns 6,736,366 shares of the specialty retailer valued at $ 135,603,000 after acquiring an additional 6,557,844 shares during the last quarter. BlackRock Inc. increased its stake in Sally Beauty shares by 41.8% in the 4th quarter. BlackRock Inc. now owns 17,767,884 shares of the specialty retailer valued at $ 231,693,000 after purchasing an additional 5,238,927 shares last quarter. Principal Financial Group Inc. increased its stake in Sally Beauty by 396.3% during the fourth quarter. Principal Financial Group Inc. now owns 2,199,782 shares of the specialty retailer valued at $ 28,686,000 after purchasing an additional 1,756,538 shares during the last quarter. Norges Bank purchased a new stake in Sally Beauty during the fourth quarter valued at approximately $ 22,636,000. Finally, Lord Abbett & CO. LLC acquired a new position in Sally Beauty in the first quarter valued at approximately $ 34,738,000.
About Sally BeautÃ©
Sally Beauty Holdings, Inc. operates as a specialty retailer and distributor of professional beauty products. 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, styling tools and other beauty products for retail customers, salons and professionals hairdressing.
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