Brokerages Expect Sally Beauty Holdings, Inc. (NYSE:SBH) Will Announce Earnings of $0.56 Per Share

Analysts forecast that Sally Beauty Holdings, Inc. (NYSE:SBH) will announce earnings per share of $0.56 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Sally Beauty’s earnings. The highest EPS estimate is $0.57 and the lowest is $0.52. Sally Beauty posted earnings of $0.57 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.8%. The firm is expected to report its next quarterly earnings report on Tuesday, February 4th.

On average, analysts expect that Sally Beauty will report full year earnings of $2.21 per share for the current fiscal year, with EPS estimates ranging from $1.92 to $2.36. For the next fiscal year, analysts anticipate that the company will post earnings of $2.21 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Sally Beauty.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, November 7th. The specialty retailer reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. Sally Beauty had a negative return on equity of 151.31% and a net margin of 6.65%. The business had revenue of $965.94 million for the quarter, compared to the consensus estimate of $955.06 million. During the same period in the prior year, the business earned $0.51 earnings per share. The business’s revenue was up .0% on a year-over-year basis.

Several analysts have recently issued reports on SBH shares. ValuEngine downgraded Sally Beauty from a “sell” rating to a “strong sell” rating in a research report on Friday. DA Davidson reduced their price objective on Sally Beauty to $12.50 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Sally Beauty currently has an average rating of “Hold” and a consensus price target of $15.50.

In other Sally Beauty news, Director Marshall E. Eisenberg bought 10,000 shares of Sally Beauty stock in a transaction that occurred on Tuesday, August 20th. The shares were purchased at an average cost of $11.89 per share, for a total transaction of $118,900.00. Following the completion of the transaction, the director now owns 72,071 shares of the company’s stock, valued at approximately $856,924.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John A. Miller bought 40,500 shares of Sally Beauty stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average price of $12.21 per share, for a total transaction of $494,505.00. Following the completion of the transaction, the director now directly owns 51,873 shares of the company’s stock, valued at approximately $633,369.33. The disclosure for this purchase can be found here. Insiders have purchased 51,500 shares of company stock worth $625,675 over the last quarter. 1.04% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SBH. Benjamin F. Edwards & Company Inc. increased its stake in Sally Beauty by 17.9% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 4,176 shares of the specialty retailer’s stock worth $62,000 after acquiring an additional 634 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of Sally Beauty by 42.3% in the second quarter. Advisory Services Network LLC now owns 2,396 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 712 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Sally Beauty by 1.1% in the second quarter. Arizona State Retirement System now owns 87,515 shares of the specialty retailer’s stock valued at $1,167,000 after buying an additional 952 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Sally Beauty by 2.1% in the second quarter. Oregon Public Employees Retirement Fund now owns 48,756 shares of the specialty retailer’s stock valued at $650,000 after buying an additional 989 shares in the last quarter. Finally, Empirical Finance LLC grew its stake in shares of Sally Beauty by 0.9% in the second quarter. Empirical Finance LLC now owns 125,851 shares of the specialty retailer’s stock valued at $1,679,000 after buying an additional 1,085 shares in the last quarter.

Shares of NYSE:SBH traded down $0.10 on Tuesday, hitting $19.90. The company had a trading volume of 6,320,203 shares, compared to its average volume of 1,812,593. Sally Beauty has a 52-week low of $11.46 and a 52-week high of $23.07. The business has a 50 day moving average of $15.69 and a 200 day moving average of $14.53. The company has a market cap of $2.01 billion, a PE ratio of 9.21, a PEG ratio of 2.63 and a beta of 0.46.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.

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

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