Brokerages predict Sally Beauty Holdings, Inc. (NYSE: SBH – Get Rating) will report $972.09 million in sales for the current fiscal quarter, according to Zacks. Four analysts provided earnings estimates for Sally Beauty, with estimates ranging from $927.00 million to $1.03 billion. Sally Beauty posted sales of $1.02 billion in the same quarter last year, which would indicate a negative 4.7% year-over-year growth rate. The company is expected to announce its next results on Monday, January 1.
On average, analysts expect Sally Beauty to record annual sales of $3.87 billion for the current year, with estimates ranging from $3.82 billion to $3.99 billion. For the next fiscal year, analysts expect the company to post sales of $3.92 billion, with estimates ranging from $3.86 billion to $4.06 billion. Zacks Investment Research sales averages are an average average based on a survey of research companies that track Sally Beauty.
Sally Beauty (NYSE:SBH – Get Rating) last released quarterly earnings data on Thursday, May 5. The specialty retailer reported earnings per share (EPS) of $0.47 for the quarter, missing the consensus estimate of $0.51 per ($0.04). The company posted revenue of $911.40 million for the quarter, compared to $951.20 million expected by analysts. Sally Beauty had a return on equity of 104.07% and a net margin of 6.66%. Sally Beauty’s revenue for the quarter was down 1.6% year over year. During the same period last year, the firm posted earnings per share of $0.57.
A number of research companies have recently commented on SBH. Cowen lowered his price target on Sally Beauty shares from $30.00 to $20.00 in a Friday, May 6 report. Zacks Investment Research downgraded shares of Sally Beauty from a “hold” rating to a “strong sell” rating and set a price target of $13.00 for the company. in a research report on Tuesday, May 10. StockNews.com downgraded shares of Sally Beauty from a “buy” rating to a “hold” rating in a Monday, May 9 research report. DA Davidson lowered its price target on Sally Beauty shares from $22.00 to $19.50 in a Friday, February 4 research report. Finally, Cowen lowered his price target on Sally Beauty shares from $30.00 to $20.00 in a Friday, May 6 research report. One financial analyst has assigned the stock a sell rating, five have assigned a hold rating and one has assigned the company’s stock a buy rating. Based on data from MarketBeat.com, Sally Beauty currently has a consensus rating of “Hold” and a consensus target price of $19.58.
Shares of Sally Beauty opened at $14.90 on Wednesday. Sally Beauty has a 52-week low of $13.95 and a 52-week high of $23.47. The company has a quick ratio of 0.59, a current ratio of 2.27 and a debt ratio of 5.08. The company’s 50-day simple moving average is $15.87 and its 200-day simple moving average is $17.56. The company has a market capitalization of $1.59 billion, a price-earnings ratio of 6.47 and a beta of 1.34.
Several institutional investors and hedge funds have recently changed their positions in SBH. First Trust Advisors LP increased its holdings of Sally Beauty shares by 20.0% in the first quarter. First Trust Advisors LP now owns 76,690 shares of the specialty retailer worth $1,412,000 after purchasing an additional 12,797 shares during the period. Morgan Stanley increased its holdings of Sally Beauty shares by 45.4% in the second quarter. Morgan Stanley now owns 1,339,270 shares of the specialty retailer worth $29,557,000 after purchasing an additional 418,367 shares during the period. BlackRock Inc. increased its holdings of Sally Beauty shares by 0.3% in the third quarter. BlackRock Inc. now owns 17,570,535 shares of the specialty retailer worth $296,062,000 after purchasing an additional 56,444 shares during the period. Barclays PLC increased its holdings of Sally Beauty shares by 41.8% in the third quarter. Barclays PLC now owns 139,563 shares of the specialty retailer worth $2,352,000 after buying an additional 41,174 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings of Sally Beauty shares by 355.5% in the third quarter. Teacher Retirement System of Texas now owns 68,705 shares of the specialty retailer worth $1,158,000 after purchasing an additional 53,622 shares during the period.
About Sally Beauty (Get an evaluation)
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 coloring and care products, skin and nail care products, styling tools and other beauty products for retail customers, salons and salon professionals.
Get a Free Copy of Zacks’ Research Report on Sally Beauty (SBH)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
Get news and reviews for Sally Beauty Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Sally Beauty and related companies with MarketBeat.com’s free daily email newsletter.