Equities analysts expect Sally Beauty Holdings, Inc. (NYSE:SBH) to post earnings of $0.48 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Sally Beauty Holdings’ earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.49. Sally Beauty Holdings posted earnings of $0.41 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 17.1%. The firm is expected to issue its next earnings report on Tuesday, November 21st.

According to Zacks, analysts expect that Sally Beauty Holdings will report full year earnings of $1.82 per share for the current financial year, with EPS estimates ranging from $1.79 to $1.84. For the next year, analysts expect that the company will post earnings of $1.97 per share, with EPS estimates ranging from $1.84 to $2.08. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Sally Beauty Holdings.

Sally Beauty Holdings (NYSE:SBH) last issued its earnings results on Thursday, August 3rd. The specialty retailer reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The business had revenue of $998.04 million for the quarter, compared to analysts’ expectations of $1 billion. Sally Beauty Holdings had a negative return on equity of 80.60% and a net margin of 5.89%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 EPS.

A number of research analysts have recently weighed in on SBH shares. Wells Fargo & Company reissued a “market perform” rating and set a $20.00 price objective (down from $21.50) on shares of Sally Beauty Holdings in a research note on Wednesday, August 9th. Jefferies Group LLC started coverage on shares of Sally Beauty Holdings in a research note on Friday, June 2nd. They set a “hold” rating for the company. BMO Capital Markets set a $21.00 price objective on shares of Sally Beauty Holdings and gave the stock a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research cut shares of Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Finally, BidaskClub raised shares of Sally Beauty Holdings from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. Sally Beauty Holdings currently has a consensus rating of “Hold” and an average target price of $24.50.

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Sally Beauty Holdings announced that its board has approved a stock buyback program on Thursday, August 31st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to repurchase up to 40.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

In related news, CEO Christian A. Brickman purchased 10,000 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were bought at an average price of $17.90 per share, for a total transaction of $179,000.00. Following the acquisition, the chief executive officer now directly owns 172,543 shares in the company, valued at $3,088,519.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christian A. Brickman purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was bought at an average price of $17.54 per share, for a total transaction of $350,800.00. Following the acquisition, the chief executive officer now owns 182,543 shares in the company, valued at $3,201,804.22. The disclosure for this purchase can be found here. Insiders acquired a total of 34,250 shares of company stock valued at $606,555 over the last ninety days. 0.97% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Capstone Asset Management Co. boosted its holdings in shares of Sally Beauty Holdings by 0.4% in the 1st quarter. Capstone Asset Management Co. now owns 12,591 shares of the specialty retailer’s stock valued at $257,000 after purchasing an additional 50 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of Sally Beauty Holdings by 0.6% in the 2nd quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 65 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Sally Beauty Holdings by 0.3% in the 1st quarter. Arizona State Retirement System now owns 59,700 shares of the specialty retailer’s stock valued at $1,220,000 after purchasing an additional 200 shares during the last quarter. Scotia Capital Inc. boosted its holdings in shares of Sally Beauty Holdings by 0.9% in the 2nd quarter. Scotia Capital Inc. now owns 22,550 shares of the specialty retailer’s stock valued at $457,000 after purchasing an additional 200 shares during the last quarter. Finally, State Treasurer State of Michigan boosted its holdings in shares of Sally Beauty Holdings by 0.5% in the 1st quarter. State Treasurer State of Michigan now owns 58,300 shares of the specialty retailer’s stock valued at $1,192,000 after purchasing an additional 300 shares during the last quarter.

Sally Beauty Holdings Company Profile

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. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.

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Earnings History and Estimates for Sally Beauty Holdings (NYSE:SBH)

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