Sally Beauty Holdings (SBH) Posts Quarterly Results
Sally Beauty Holdings (NYSE:SBH) posted its quarterly earnings results on Thursday. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.36 by $0.01, American Banking News reports. The company had revenue of $940.50 million for the quarter, compared to the consensus estimate of $934.18 million.
SBH has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. upgraded shares of Sally Beauty Holdings from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, January 29th. On the ratings front, analysts at Credit Suisse reiterated a “buy” rating on shares of Sally Beauty Holdings in a research note to investors on Tuesday, January 28th. They now have a $33.00 price target on the stock, up previously from $27.65. Finally, analysts at Sterne Agee upgraded shares of Sally Beauty Holdings from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, January 28th. They now have a $33.00 price target on the stock. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Sally Beauty Holdings currently has an average rating of “Buy” and a consensus price target of $32.13.
Shares of Sally Beauty Holdings (NYSE:SBH) opened at 27.95 on Thursday. Sally Beauty Holdings has a 52-week low of $25.00 and a 52-week high of $31.86. The stock has a 50-day moving average of $29.06 and a 200-day moving average of $27.53. The company has a market cap of $4.581 billion and a P/E ratio of 18.82.
Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe.
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