Sally Beauty (SBH) Scheduled to Post Earnings on Thursday

Sally Beauty (NYSE:SBH) is set to release its earnings data before the market opens on Thursday, August 8th. Analysts expect Sally Beauty to post earnings of $0.40 per share for the quarter. Sally Beauty has set its FY 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, May 9th. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.04). The firm had revenue of $908.36 million for the quarter, compared to analyst estimates of $910.72 million. Sally Beauty had a return on equity of 34.23% and a net margin of 4.36%. Sally Beauty’s revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS. On average, analysts expect Sally Beauty to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Sally Beauty Stock Performance

NYSE SBH opened at $9.43 on Wednesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.99 and a quick ratio of 0.37. The company has a market cap of $976.10 million, a P/E ratio of 6.41 and a beta of 1.54. The stock has a 50-day moving average of $10.99 and a two-hundred day moving average of $11.53. Sally Beauty has a 1-year low of $7.21 and a 1-year high of $13.91.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SBH. TD Cowen dropped their price objective on shares of Sally Beauty from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Piper Sandler decreased their price target on shares of Sally Beauty from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Sally Beauty has an average rating of “Hold” and an average target price of $11.25.

About Sally Beauty

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 products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.