Zacks: Analysts Anticipate Sally Beauty Holdings, Inc. (SBH) Will Post Quarterly Sales of $971.31 Million

Wall Street brokerages expect Sally Beauty Holdings, Inc. (NYSE:SBH) to announce sales of $971.31 million for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Sally Beauty’s earnings, with the highest sales estimate coming in at $986.00 million and the lowest estimate coming in at $956.00 million. Sally Beauty reported sales of $966.47 million during the same quarter last year, which would suggest a positive year over year growth rate of 0.5%. The firm is expected to issue its next earnings report on Thursday, May 3rd.

On average, analysts expect that Sally Beauty will report full year sales of $971.31 million for the current financial year, with estimates ranging from $3.91 billion to $3.98 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.97 billion per share, with estimates ranging from $3.92 billion to $4.04 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Sally Beauty.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.26. Sally Beauty had a net margin of 6.17% and a negative return on equity of 72.22%. The company had revenue of $994.96 million for the quarter, compared to analysts’ expectations of $990.18 million. During the same quarter last year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis.

A number of research firms have weighed in on SBH. ValuEngine cut shares of Sally Beauty from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Robert W. Baird set a $21.00 price objective on shares of Sally Beauty and gave the stock a “buy” rating in a report on Friday, December 22nd. Zacks Investment Research raised shares of Sally Beauty from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Wednesday, January 17th. Morgan Stanley cut shares of Sally Beauty from an “equal weight” rating to an “underweight” rating in a report on Wednesday, November 8th. Finally, BMO Capital Markets set a $18.00 price objective on shares of Sally Beauty and gave the stock a “hold” rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $17.50.

In other Sally Beauty news, Director Edward W. Rabin bought 3,750 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were acquired at an average cost of $15.49 per share, with a total value of $58,087.50. Following the acquisition, the director now directly owns 14,351 shares of the company’s stock, valued at approximately $222,296.99. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.48% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Scotia Capital Inc. increased its holdings in shares of Sally Beauty by 0.9% in the 2nd quarter. Scotia Capital Inc. now owns 22,550 shares of the specialty retailer’s stock valued at $457,000 after acquiring an additional 200 shares during the period. Alliancebernstein L.P. grew its position in Sally Beauty by 0.6% in the 2nd quarter. Alliancebernstein L.P. now owns 88,272 shares of the specialty retailer’s stock valued at $1,788,000 after buying an additional 490 shares during the last quarter. Stifel Financial Corp grew its position in Sally Beauty by 8.6% in the 3rd quarter. Stifel Financial Corp now owns 39,693 shares of the specialty retailer’s stock valued at $778,000 after buying an additional 3,144 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. grew its position in Sally Beauty by 5.4% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 61,584 shares of the specialty retailer’s stock valued at $1,155,000 after buying an additional 3,170 shares during the last quarter. Finally, ING Groep NV grew its position in Sally Beauty by 20.4% in the 4th quarter. ING Groep NV now owns 19,380 shares of the specialty retailer’s stock valued at $364,000 after buying an additional 3,290 shares during the last quarter.

Shares of Sally Beauty (NYSE SBH) opened at $16.98 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 0.38 and a debt-to-equity ratio of -5.17. Sally Beauty has a 1-year low of $14.05 and a 1-year high of $23.63. The firm has a market cap of $2,160.00, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 1.63 and a beta of 0.42.

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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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