Sally Beauty Holdings, Inc. (NYSE:SBH) Expected to Post Earnings of $0.56 Per Share

Wall Street brokerages expect Sally Beauty Holdings, Inc. (NYSE:SBH) to post earnings of $0.56 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Sally Beauty’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.57. Sally Beauty posted earnings per share of $0.57 during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.8%. The company is expected to announce its next earnings report on Tuesday, February 4th.

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According to Zacks, 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 financial year, analysts expect that the business will post earnings of $2.21 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Sally Beauty.

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

SBH has been the topic of several research analyst reports. DA Davidson decreased their price target on shares of Sally Beauty to $12.50 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. ValuEngine cut shares of Sally Beauty from a “sell” rating to a “strong sell” rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $15.50.

Shares of SBH traded down $0.10 during mid-day trading on Tuesday, hitting $19.90. 6,320,203 shares of the company traded hands, compared to its average volume of 1,812,593. Sally Beauty has a one year low of $11.46 and a one year 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 stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 9.21, a PEG ratio of 2.63 and a beta of 0.46.

In other Sally Beauty news, Director Marshall E. Eisenberg acquired 10,000 shares of Sally Beauty stock in a transaction on Tuesday, August 20th. The shares were purchased at an average cost of $11.89 per share, with a total value of $118,900.00. Following the completion of the purchase, the director now owns 72,071 shares in the company, valued at $856,924.19. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John A. Miller acquired 40,500 shares of Sally Beauty stock in a transaction on Friday, August 30th. The stock was acquired at an average cost of $12.21 per share, for a total transaction of $494,505.00. Following the completion of the purchase, the director now owns 51,873 shares of the company’s stock, valued at approximately $633,369.33. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 51,500 shares of company stock worth $625,675. Insiders own 1.04% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in Sally Beauty by 0.6% in the second quarter. BlackRock Inc. now owns 14,286,208 shares of the specialty retailer’s stock valued at $190,576,000 after acquiring an additional 88,389 shares during the last quarter. LSV Asset Management boosted its position in shares of Sally Beauty by 3.5% during the second quarter. LSV Asset Management now owns 3,343,545 shares of the specialty retailer’s stock worth $44,602,000 after purchasing an additional 114,000 shares in the last quarter. Ardevora Asset Management LLP boosted its position in shares of Sally Beauty by 9.6% during the third quarter. Ardevora Asset Management LLP now owns 3,034,600 shares of the specialty retailer’s stock worth $45,185,000 after purchasing an additional 265,400 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Sally Beauty by 225.7% during the second quarter. Prudential Financial Inc. now owns 2,394,550 shares of the specialty retailer’s stock worth $31,943,000 after purchasing an additional 1,659,403 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Sally Beauty by 2.6% during the second quarter. Northern Trust Corp now owns 2,198,768 shares of the specialty retailer’s stock worth $29,332,000 after purchasing an additional 55,670 shares in the last quarter.

About Sally Beauty

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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