Wall Street analysts expect that Sally Beauty Holdings, Inc. (NYSE:SBH) will report $0.42 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Sally Beauty’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.40. Sally Beauty reported earnings per share of $0.39 in the same quarter last year, which suggests a positive year-over-year growth rate of 7.7%. The company is scheduled to announce its next earnings results on Thursday, February 1st.

On average, analysts expect that Sally Beauty will report full year earnings of $1.90 per share for the current fiscal year, with EPS estimates ranging from $1.74 to $1.98. For the next year, analysts forecast that the firm will report earnings of $1.98 per share, with EPS estimates ranging from $1.65 to $2.12. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Sally Beauty.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Wednesday, November 15th. The specialty retailer reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). Sally Beauty had a negative return on equity of 74.84% and a net margin of 5.46%. The business had revenue of $974.20 million for the quarter, compared to analysts’ expectations of $989.96 million. During the same period in the prior year, the company earned $0.41 EPS. The company’s revenue for the quarter was down .2% compared to the same quarter last year.

SBH has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Sally Beauty from a “hold” rating to a “sell” rating in a report on Saturday, November 18th. Cowen restated a “buy” rating and set a $24.00 price objective on shares of Sally Beauty in a report on Thursday, September 28th. KeyCorp restated a “hold” rating on shares of Sally Beauty in a report on Wednesday, September 6th. BMO Capital Markets dropped their price objective on Sally Beauty from $21.00 to $16.00 and set a “market perform” rating for the company in a report on Wednesday, November 15th. Finally, Morgan Stanley downgraded Sally Beauty from an “equal weight” rating to an “underweight” rating in a report on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $18.82.

Shares of Sally Beauty (NYSE SBH) traded down $0.16 during trading on Wednesday, hitting $17.09. The company’s stock had a trading volume of 1,970,600 shares, compared to its average volume of 2,274,216. Sally Beauty has a one year low of $14.05 and a one year high of $27.71. The stock has a market cap of $2,215.50, a price-to-earnings ratio of 9.58, a PEG ratio of 1.61 and a beta of 0.66. The company has a current ratio of 2.04, a quick ratio of 0.42 and a debt-to-equity ratio of -4.87.

Sally Beauty announced that its Board of Directors has initiated a stock repurchase plan on Thursday, August 31st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 40.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

In related news, Director Edward W. Rabin purchased 3,750 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average cost of $15.49 per share, for a total transaction of $58,087.50. Following the acquisition, the director now owns 14,351 shares in the company, valued at $222,296.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.97% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC grew its stake in shares of Sally Beauty by 2.2% during the first quarter. Teachers Advisors LLC now owns 144,610 shares of the specialty retailer’s stock valued at $2,956,000 after acquiring an additional 3,105 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Sally Beauty by 17.7% during the first quarter. Dimensional Fund Advisors LP now owns 801,616 shares of the specialty retailer’s stock valued at $16,384,000 after acquiring an additional 120,591 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Sally Beauty by 8.4% during the second quarter. Bank of Montreal Can now owns 35,584 shares of the specialty retailer’s stock valued at $720,000 after acquiring an additional 2,752 shares in the last quarter. US Bancorp DE grew its stake in shares of Sally Beauty 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 acquiring an additional 3,543 shares in the last quarter. Finally, ING Groep NV acquired a new stake in shares of Sally Beauty during the second quarter valued at about $339,000.

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Sally Beauty 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 (NYSE:SBH)

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