Zacks: Analysts Anticipate Sally Beauty Holdings, Inc. (SBH) to Post $0.52 EPS

Equities research analysts expect Sally Beauty Holdings, Inc. (NYSE:SBH) to report earnings of $0.52 per share for the current quarter, according to Zacks. Seven analysts have made estimates for Sally Beauty’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.58. Sally Beauty posted earnings per share of $0.44 during the same quarter last year, which indicates a positive year-over-year growth rate of 18.2%. The business is expected to issue its next quarterly earnings results on Thursday, May 3rd.

On average, analysts expect that Sally Beauty will report full-year earnings of $1.99 per share for the current year, with EPS estimates ranging from $1.74 to $2.22. For the next financial year, analysts expect that the company will report earnings of $2.09 per share, with EPS estimates ranging from $1.65 to $2.46. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Sally Beauty.

Sally Beauty (NYSE:SBH) last posted its earnings results on Thursday, February 8th. The specialty retailer reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.26. The firm had revenue of $994.96 million during the quarter, compared to the consensus estimate of $990.18 million. Sally Beauty had a negative return on equity of 72.22% and a net margin of 6.17%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 EPS.

Several analysts recently weighed in on SBH shares. ValuEngine lowered Sally Beauty from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. DA Davidson upgraded Sally Beauty from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Monday, October 16th. Zacks Investment Research lowered Sally Beauty from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. BMO Capital Markets decreased their price target on Sally Beauty from $21.00 to $16.00 and set a “market perform” rating on the stock in a report on Wednesday, November 15th. Finally, Robert W. Baird set a $21.00 price target on Sally Beauty and gave the company a “buy” rating in a report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. Sally Beauty currently has an average rating of “Hold” and an average price target of $17.50.

In other Sally Beauty news, Director Edward W. Rabin bought 3,750 shares of Sally Beauty stock in a transaction on Tuesday, November 21st. The shares were acquired at an average price of $15.49 per share, for a total transaction of $58,087.50. Following the completion of the purchase, the director now directly owns 14,351 shares in the company, valued at approximately $222,296.99. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.48% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in SBH. Flinton Capital Management LLC increased its stake in Sally Beauty by 86.8% in the second quarter. Flinton Capital Management LLC now owns 7,952 shares of the specialty retailer’s stock worth $161,000 after purchasing an additional 3,696 shares during the period. State of Alaska Department of Revenue purchased a new stake in Sally Beauty in the fourth quarter worth $185,000. GSA Capital Partners LLP purchased a new stake in Sally Beauty in the third quarter worth $197,000. Invictus RG purchased a new stake in Sally Beauty in the third quarter worth $202,000. Finally, M&T Bank Corp increased its stake in Sally Beauty by 0.6% in the second quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock worth $210,000 after purchasing an additional 65 shares during the period.

Sally Beauty (NYSE:SBH) traded up $0.62 during midday trading on Monday, hitting $17.59. The stock had a trading volume of 2,964,336 shares, compared to its average volume of 2,452,508. The company has a quick ratio of 0.38, a current ratio of 1.97 and a debt-to-equity ratio of -5.17. The company has a market cap of $2,122.99, a P/E ratio of 9.72, a P/E/G ratio of 1.63 and a beta of 0.42. Sally Beauty has a 52-week low of $14.05 and a 52-week high of $23.63.

ILLEGAL ACTIVITY WARNING: This piece was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/12/zacks-analysts-anticipate-sally-beauty-holdings-inc-sbh-to-post-0-52-eps.html.

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.

Get a free copy of the Zacks research report on Sally Beauty (SBH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Sally Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sally Beauty and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply