Wall Street analysts forecast that Sally Beauty Holdings, Inc. (NYSE:SBH) will report $992.47 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Sally Beauty’s earnings. The highest sales estimate is $1.00 billion and the lowest is $983.80 million. Sally Beauty reported sales of $999.61 million during the same quarter last year, which indicates a negative year-over-year growth rate of 0.7%. The firm is scheduled to report its next earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Sally Beauty will report full year sales of $992.47 million for the current year, with estimates ranging from $3.91 billion to $4.04 billion. For the next fiscal year, analysts anticipate that the business will report sales of $3.98 billion per share, with estimates ranging from $3.92 billion to $4.15 billion. Zacks’ sales averages 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 data on Wednesday, November 15th. The specialty retailer reported $0.45 EPS 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 firm had revenue of $974.20 million during the quarter, compared to analyst estimates of $989.96 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year.

A number of equities analysts have commented on SBH shares. KeyCorp reiterated a “hold” rating on shares of Sally Beauty in a report on Monday, October 16th. Nomura cut their price objective on shares of Sally Beauty from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, November 16th. Zacks Investment Research lowered shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. Buckingham Research cut their price objective on shares of Sally Beauty from $21.00 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, November 16th. Finally, DA Davidson lowered shares of Sally Beauty from a “buy” rating to a “neutral” rating in a report on Thursday, November 16th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $18.82.

In related news, Director Edward W. Rabin bought 3,750 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was bought at an average price of $15.49 per share, with a total value of $58,087.50. Following the transaction, the director now owns 14,351 shares of the company’s stock, valued at $222,296.99. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.97% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBH. US Bancorp DE grew its position in shares of Sally Beauty by 227.6% during the 2nd 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 position in shares of Sally Beauty by 11.5% during the 2nd 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. Flinton Capital Management LLC grew its position in shares of Sally Beauty by 86.8% during the 2nd 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. GSA Capital Partners LLP bought a new stake in shares of Sally Beauty during the 3rd quarter valued at about $197,000. Finally, Invictus RG bought a new stake in shares of Sally Beauty during the 3rd quarter valued at about $202,000.

Shares of Sally Beauty (NYSE:SBH) traded down $0.03 during mid-day trading on Friday, reaching $16.62. 1,969,900 shares of the company’s stock were exchanged, compared to its average volume of 2,271,875. Sally Beauty has a 52-week low of $14.05 and a 52-week high of $27.71. The company has a debt-to-equity ratio of -4.87, a current ratio of 2.04 and a quick ratio of 0.42. The firm has a market cap of $2,138.44, a price-to-earnings ratio of 9.25, a P/E/G ratio of 1.55 and a beta of 0.66.

Sally Beauty announced that its board has authorized a stock buyback program on Thursday, August 31st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to reacquire 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.

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About Sally Beauty

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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