Sally Beauty Holdings, Inc. (SBH) Set to Announce Earnings on Monday
Sally Beauty Holdings, Inc. (NYSE:SBH) will release its earnings data before the market opens on Monday, November 13th. Analysts expect Sally Beauty Holdings to post earnings of $0.48 per share for the quarter.
Sally Beauty Holdings (NYSE:SBH) last issued its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Sally Beauty Holdings had a negative return on equity of 80.60% and a net margin of 5.89%. The company 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 firm earned $0.47 earnings per share. Sally Beauty Holdings’s revenue was up .0% on a year-over-year basis. On average, analysts expect Sally Beauty Holdings to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Sally Beauty Holdings, Inc. (NYSE:SBH) opened at $17.40 on Monday. Sally Beauty Holdings, Inc. has a twelve month low of $16.35 and a twelve month high of $30.17. The company has a current ratio of 2.18, a quick ratio of 0.43 and a debt-to-equity ratio of -5.07. The company has a market capitalization of $2,285.90, a PE ratio of 9.89, a PEG ratio of 1.56 and a beta of 0.66.
Sally Beauty Holdings announced that its Board of Directors has initiated 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 buy up to 40.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.
In other Sally Beauty Holdings news, CEO Christian A. Brickman bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was bought at an average price of $17.90 per share, for a total transaction of $179,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 172,543 shares in the company, valued at $3,088,519.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christian A. Brickman bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were acquired at an average price of $17.54 per share, with a total value of $350,800.00. Following the acquisition, the chief executive officer now owns 182,543 shares of the company’s stock, valued at $3,201,804.22. The disclosure for this purchase can be found here. In the last three months, insiders have bought 34,250 shares of company stock valued at $606,555. Insiders own 0.97% of the company’s stock.
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Several brokerages have issued reports on SBH. Cowen and Company reaffirmed a “buy” rating and issued a $24.00 target price on shares of Sally Beauty Holdings in a research note on Thursday, September 28th. KeyCorp reaffirmed a “hold” rating on shares of Sally Beauty Holdings in a research note on Wednesday, September 6th. BidaskClub raised Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. DA Davidson reaffirmed a “buy” rating and issued a $23.00 target price on shares of Sally Beauty Holdings in a research note on Monday, July 24th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Sally Beauty Holdings in a research note on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Sally Beauty Holdings presently has an average rating of “Hold” and an average target price of $23.00.
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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