Sally Beauty (SBH) to Release Quarterly Earnings on Thursday

Sally Beauty (NYSE:SBH) is scheduled to be announcing its earnings results before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Sally Beauty has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, May 9th. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). Sally Beauty had a net margin of 4.36% and a return on equity of 34.23%. The company had revenue of $908.36 million for the quarter, compared to analysts’ expectations of $910.72 million. During the same period in the previous year, the business earned $0.41 EPS. The business’s revenue was down 1.1% compared to the same quarter last year. On average, analysts expect Sally Beauty to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Sally Beauty Stock Up 0.1 %

SBH opened at $9.43 on Wednesday. The stock has a market capitalization of $976.10 million, a price-to-earnings ratio of 6.41 and a beta of 1.54. The firm has a 50 day moving average price of $10.99 and a 200-day moving average price of $11.53. Sally Beauty has a twelve month low of $7.21 and a twelve month high of $13.91. The company has a quick ratio of 0.37, a current ratio of 1.99 and a debt-to-equity ratio of 1.78.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. TD Cowen lowered their price target on Sally Beauty from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. Piper Sandler dropped their target price on Sally Beauty from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Sally Beauty currently has an average rating of “Hold” and a consensus target price of $11.25.

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 products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.