Analysts expect Sally Beauty Holdings, Inc. (NYSE:SBH) to announce earnings of $0.48 per share for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Sally Beauty Holdings’ earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.45. Sally Beauty Holdings posted earnings of $0.41 per share during the same quarter last year, which would suggest a positive year over year growth rate of 17.1%. The business is expected to issue its next quarterly earnings results on Tuesday, November 21st.
On average, analysts expect that Sally Beauty Holdings will report full-year earnings of $1.82 per share for the current year, with EPS estimates ranging from $1.79 to $1.84. For the next fiscal year, analysts expect that the firm will report earnings of $1.97 per share, with EPS estimates ranging from $1.84 to $2.08. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Sally Beauty Holdings.
Sally Beauty Holdings (NYSE:SBH) last issued its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Sally Beauty Holdings had a net margin of 5.89% and a negative return on equity of 80.60%. The company had revenue of $998.04 million during the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the company earned $0.47 earnings per share. Sally Beauty Holdings’s revenue for the quarter was up .0% on a year-over-year basis.
A number of research analysts have recently commented on the company. BidaskClub upgraded Sally Beauty Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Wells Fargo & Company reiterated a “market perform” rating and set a $20.00 price target (down from $21.50) on shares of Sally Beauty Holdings in a report on Wednesday, August 9th. BMO Capital Markets set a $21.00 price target on Sally Beauty Holdings and gave the stock a “hold” rating in a report on Saturday, August 5th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Sally Beauty Holdings in a report on Wednesday, September 13th. Finally, Zacks Investment Research lowered Sally Beauty Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. Sally Beauty Holdings has an average rating of “Hold” and a consensus price target of $23.67.
In other Sally Beauty Holdings news, Director Edward W. Rabin bought 4,250 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were bought at an average price of $18.06 per share, for a total transaction of $76,755.00. Following the completion of the acquisition, the director now owns 16,653 shares of the company’s stock, valued at $300,753.18. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christian A. Brickman bought 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average price of $17.54 per share, for a total transaction of $350,800.00. Following the acquisition, the chief executive officer now directly owns 182,543 shares of the company’s stock, valued at approximately $3,201,804.22. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 34,250 shares of company stock worth $606,555. 0.97% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the company. US Bancorp DE grew its holdings in shares of Sally Beauty Holdings by 227.6% during the second quarter. US Bancorp DE now owns 5,100 shares of the specialty retailer’s stock worth $103,000 after purchasing an additional 3,543 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Sally Beauty Holdings by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,427 shares of the specialty retailer’s stock worth $110,000 after purchasing an additional 559 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Sally Beauty Holdings by 37.7% during the first quarter. PNC Financial Services Group Inc. now owns 7,763 shares of the specialty retailer’s stock worth $158,000 after purchasing an additional 2,125 shares during the last quarter. Flinton Capital Management LLC grew its holdings in shares of Sally Beauty Holdings by 86.8% during the second quarter. Flinton Capital Management LLC now owns 7,952 shares of the specialty retailer’s stock worth $161,000 after purchasing an additional 3,696 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in shares of Sally Beauty Holdings by 0.6% during the second quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock worth $210,000 after purchasing an additional 65 shares during the last quarter.
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Sally Beauty Holdings announced that its board has initiated a share repurchase plan on Thursday, August 31st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to purchase up to 40.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.
Sally Beauty Holdings Company Profile
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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