Helen of Troy Limited (NASDAQ:HELE) Updates FY18 Earnings Guidance
Helen of Troy Limited (NASDAQ:HELE) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share guidance of $6.50-6.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.67. The company issued revenue guidance of $1.56-1.6 billion, compared to the consensus revenue estimate of $1.58 billion.
Helen of Troy Limited (NASDAQ HELE) opened at 94.25 on Monday. Helen of Troy Limited has a 12-month low of $77.50 and a 12-month high of $102.04. The company has a market capitalization of $2.55 billion, a PE ratio of 18.70 and a beta of 0.93. The firm has a 50-day moving average of $92.88 and a 200 day moving average of $92.71.
Helen of Troy Limited (NASDAQ:HELE) last posted its quarterly earnings results on Thursday, April 27th. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.15. Helen of Troy Limited had a net margin of 9.15% and a return on equity of 17.70%. The company had revenue of $376.70 million for the quarter, compared to analyst estimates of $379.11 million. During the same quarter in the previous year, the firm posted $2.03 earnings per share. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. Analysts forecast that Helen of Troy Limited will post $6.67 EPS for the current fiscal year.
A number of research firms recently weighed in on HELE. BidaskClub raised shares of Helen of Troy Limited from a sell rating to a hold rating in a report on Wednesday, June 28th. Zacks Investment Research raised shares of Helen of Troy Limited from a sell rating to a hold rating in a report on Tuesday, June 27th. Finally, Sidoti reaffirmed a buy rating and set a $108.00 target price (down previously from $112.00) on shares of Helen of Troy Limited in a report on Saturday, April 29th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Helen of Troy Limited presently has a consensus rating of Hold and an average price target of $102.75.
In other Helen of Troy Limited news, VP Richard J. Oppenheim sold 1,058 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $95.40, for a total value of $100,933.20. Following the completion of the transaction, the vice president now owns 756 shares of the company’s stock, valued at approximately $72,122.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gary B. Abromovitz sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $94.76, for a total transaction of $284,280.00. Following the completion of the transaction, the director now directly owns 8,743 shares of the company’s stock, valued at approximately $828,486.68. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.
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About Helen of Troy Limited
Helen Of Troy Limited is a global consumer products company that offers a range of solutions for its customers through a range of brands. The Company is a global designer, developer, importer, marketer and distributor of a portfolio of brand-name consumer products. The Company has four segments. The Housewares segment provides a range of consumer products for the home.
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