Sally Beauty Holdings, Inc. (NYSE:SBH) Expected to Announce Earnings of $0.60 Per Share

Analysts expect that Sally Beauty Holdings, Inc. (NYSE:SBH) will report $0.60 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Sally Beauty’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.66. Sally Beauty reported earnings of ($0.11) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 645.5%. The firm is expected to announce its next quarterly earnings results on Thursday, July 29th.

According to Zacks, analysts expect that Sally Beauty will report full year earnings of $2.28 per share for the current fiscal year, with EPS estimates ranging from $2.12 to $2.35. For the next financial year, analysts forecast that the business will report earnings of $2.37 per share, with EPS estimates ranging from $2.30 to $2.50. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Sally Beauty.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Wednesday, May 5th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.42. The firm had revenue of $926.33 million during the quarter, compared to the consensus estimate of $824.98 million. Sally Beauty had a return on equity of 401.89% and a net margin of 4.03%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company earned $0.23 EPS.

A number of research firms have commented on SBH. DA Davidson upped their price target on Sally Beauty from $13.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 11th. Morgan Stanley raised their price objective on shares of Sally Beauty from $14.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, May 7th. Zacks Investment Research upgraded shares of Sally Beauty from a “sell” rating to a “hold” rating and set a $27.00 target price on the stock in a report on Monday, May 10th. Finally, Oppenheimer restated a “market perform” rating on shares of Sally Beauty in a research note on Wednesday, March 17th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.60.

In related news, insider Mark Gregory Spinks sold 15,324 shares of the stock in a transaction on Tuesday, May 11th. The stock was sold at an average price of $23.74, for a total value of $363,791.76. Following the transaction, the insider now owns 41,125 shares of the company’s stock, valued at $976,307.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Vantage Consulting Group Inc acquired a new stake in Sally Beauty during the fourth quarter worth approximately $30,000. Alpha Paradigm Partners LLC acquired a new stake in Sally Beauty during the 4th quarter worth $31,000. Parkside Financial Bank & Trust lifted its position in Sally Beauty by 39.5% in the first quarter. Parkside Financial Bank & Trust now owns 2,234 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 632 shares during the last quarter. Captrust Financial Advisors boosted its stake in Sally Beauty by 745.9% in the first quarter. Captrust Financial Advisors now owns 2,969 shares of the specialty retailer’s stock valued at $60,000 after acquiring an additional 2,618 shares in the last quarter. Finally, Cypress Point Wealth Management LLC purchased a new position in shares of Sally Beauty during the fourth quarter worth about $71,000.

Shares of SBH stock opened at $20.16 on Friday. The company has a debt-to-equity ratio of 10.31, a quick ratio of 0.59 and a current ratio of 1.68. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 16.13 and a beta of 1.63. The business has a 50 day moving average of $21.14. Sally Beauty has a one year low of $8.27 and a one year high of $25.66.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc 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, styling tools, and other beauty products for retail customers, salons, and salon professionals.

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Earnings History and Estimates for Sally Beauty (NYSE:SBH)

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