Sally Beauty Holdings (SBH) Set to Announce Earnings on Thursday
Sally Beauty Holdings (NYSE:SBH) is set to release its earnings data on Thursday, July 31st. Parties that are interested in participating in the company’s earnings conference call can do so using this link.
Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.39 by $0.03. The company had revenue of $919.50 million for the quarter, compared to the consensus estimate of $932.84 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts expect Sally Beauty Holdings to post $1.55 EPS for the current fiscal year and $1.77 EPS for the next fiscal year.
Shares of Sally Beauty Holdings (NYSE:SBH) traded down 0.79% on Wednesday, hitting $25.10. The stock had a trading volume of 192,311 shares. Sally Beauty Holdings has a one year low of $24.09 and a one year high of $31.83. The stock has a 50-day moving average of $24.96 and a 200-day moving average of $26.68. The company has a market cap of $4.064 billion and a price-to-earnings ratio of 16.93.
A number of analysts have recently weighed in on SBH shares. Analysts at Citigroup Inc. upgraded shares of Sally Beauty Holdings from a “neutral” rating to a “buy” rating in a research note on Tuesday. On a related note, analysts at Zacks upgraded shares of Sally Beauty Holdings from an “underperform” rating to a “neutral” rating in a research note on Monday, July 7th. They now have a $26.60 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Sally Beauty Holdings in a research note on Tuesday, June 24th. They set an “overweight” rating and a $30.00 price target on the stock. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $30.32.
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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