Olaplex (OLPX) to Release Earnings on Thursday

Olaplex (NASDAQ:OLPX) is scheduled to release its earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Olaplex (NASDAQ:OLPX) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The business had revenue of $103.90 million for the quarter, compared to analysts’ expectations of $103.65 million. Olaplex had a net margin of 10.95% and a return on equity of 11.16%. The company’s revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 earnings per share. On average, analysts expect Olaplex to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Olaplex Price Performance

OLPX traded down $0.04 on Tuesday, reaching $1.84. The company had a trading volume of 56,633 shares, compared to its average volume of 2,363,088. Olaplex has a one year low of $1.19 and a one year high of $2.98. The company has a current ratio of 9.27, a quick ratio of 7.85 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $1.21 billion, a P/E ratio of 26.71 and a beta of 2.47. The company has a fifty day moving average of $2.21 and a 200-day moving average of $1.88.

Insider Activity at Olaplex

In other Olaplex news, Director John P. Bilbrey bought 183,493 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was purchased at an average cost of $2.05 per share, with a total value of $376,160.65. Following the completion of the purchase, the director now owns 241,593 shares in the company, valued at approximately $495,265.65. The trade was a 300.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OLPX. Telsey Advisory Group restated a “market perform” rating and set a $3.00 price target on shares of Olaplex in a report on Thursday, October 31st. TD Cowen upped their price objective on shares of Olaplex from $1.80 to $2.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $2.42.

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.