Analysts expect Sally Beauty Holdings, Inc. (NYSE:SBH) to post $0.47 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have issued 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 reported earnings of $0.41 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.6%. The firm is expected to report its next quarterly earnings results before the market opens on Wednesday, November 15th.

According to Zacks, analysts expect that Sally Beauty Holdings will report full-year earnings of $1.82 per share for the current year, with EPS estimates ranging from $1.79 to $1.84. For the next financial year, analysts expect that the company will report earnings of $1.96 per share, with EPS estimates ranging from $1.84 to $2.03. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Sally Beauty Holdings.

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

Several equities analysts have recently issued reports on SBH shares. DA Davidson started coverage on shares of Sally Beauty Holdings in a research note on Thursday, July 6th. They set a “neutral” rating and a $23.00 price target for the company. BidaskClub downgraded shares of Sally Beauty Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Zacks Investment Research downgraded shares of Sally Beauty Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, October 21st. Cowen and Company reaffirmed a “buy” rating and set a $24.00 price target on shares of Sally Beauty Holdings in a research note on Thursday, September 28th. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $20.00 target price (down previously from $21.50) on shares of Sally Beauty Holdings in a research note on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Sally Beauty Holdings presently has an average rating of “Hold” and an average target price of $23.67.

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Shares of Sally Beauty Holdings (NYSE SBH) opened at 17.39 on Friday. The firm’s 50-day moving average is $19.01 and its 200-day moving average is $19.28. Sally Beauty Holdings has a 12-month low of $16.36 and a 12-month high of $30.17. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 10.62 and a beta of 0.70.

Sally Beauty Holdings declared that its Board of Directors has initiated a share repurchase plan on Thursday, August 31st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to repurchase up to 40.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

In other Sally Beauty Holdings news, Director Edward W. Rabin acquired 4,250 shares of Sally Beauty Holdings stock in a transaction dated Monday, August 21st. The stock was purchased at an average cost of $18.06 per share, for a total transaction of $76,755.00. Following the completion of the acquisition, the director now directly owns 16,653 shares of the company’s stock, valued at $300,753.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Christian A. Brickman acquired 10,000 shares of Sally Beauty Holdings stock in a transaction dated Friday, August 18th. The shares were acquired at an average price of $17.90 per share, with a total value of $179,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 172,543 shares of the company’s stock, valued at $3,088,519.70. The disclosure for this purchase can be found here. Insiders have bought 34,250 shares of company stock valued at $606,555 over the last quarter. Corporate insiders own 0.97% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE grew its holdings in shares of Sally Beauty Holdings by 227.6% during the second quarter. US Bancorp DE now owns 5,100 shares of the specialty retailer’s stock valued at $103,000 after buying an additional 3,543 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Sally Beauty Holdings by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,427 shares of the specialty retailer’s stock valued at $110,000 after buying an additional 559 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Sally Beauty Holdings by 37.7% during the first quarter. PNC Financial Services Group Inc. now owns 7,763 shares of the specialty retailer’s stock valued at $158,000 after buying an additional 2,125 shares during the last quarter. Flinton Capital Management LLC grew its holdings in shares of Sally Beauty Holdings by 86.8% during the second quarter. Flinton Capital Management LLC now owns 7,952 shares of the specialty retailer’s stock valued at $161,000 after buying an additional 3,696 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in shares of Sally Beauty Holdings by 0.6% during the second quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock valued at $210,000 after buying an additional 65 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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