Olaplex (OLPX) to Release Quarterly Earnings on Thursday

Olaplex (NASDAQ:OLPX) is scheduled to issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Olaplex (NASDAQ:OLPX) last released its earnings results on Tuesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. Olaplex had a net margin of 10.95% and a return on equity of 11.16%. The business had revenue of $103.90 million for the quarter, compared to analyst estimates of $103.65 million. During the same quarter in the previous year, the business earned $0.03 earnings per share. Olaplex’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, analysts expect Olaplex to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Olaplex Trading Down 1.9 %

Olaplex stock traded down $0.04 during trading hours on Tuesday, reaching $1.84. 56,633 shares of the company’s stock were exchanged, compared to its average volume of 2,363,088. The firm has a market capitalization of $1.21 billion, a PE ratio of 26.71 and a beta of 2.47. The firm’s 50 day simple moving average is $2.21 and its 200 day simple moving average is $1.88. The company has a quick ratio of 7.85, a current ratio of 9.27 and a debt-to-equity ratio of 0.75. Olaplex has a twelve month low of $1.19 and a twelve month high of $2.98.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $3.00 price objective on shares of Olaplex in a research note on Thursday, October 31st. TD Cowen increased their price objective on shares of Olaplex from $1.80 to $2.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Olaplex currently has a consensus rating of “Hold” and a consensus target price of $2.42.

Insider Activity

In other news, Director John P. Bilbrey acquired 183,493 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average cost of $2.05 per share, for a total transaction of $376,160.65. Following the purchase, the director now owns 241,593 shares of the company’s stock, valued at approximately $495,265.65. The trade was a 300.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.20% of the company’s stock.

Olaplex Company Profile

Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.