Sally Beauty Holdings, Inc. (NYSE:SBH) Expected to Post Quarterly Sales of $957.29 Million

Wall Street brokerages expect that Sally Beauty Holdings, Inc. (NYSE:SBH) will post $957.29 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Sally Beauty’s earnings. The lowest sales estimate is $952.00 million and the highest is $965.00 million. Sally Beauty posted sales of $966.00 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.9%. The company is expected to issue its next earnings report on Thursday, November 14th.

According to Zacks, analysts expect that Sally Beauty will report full-year sales of $3.87 billion for the current fiscal year, with estimates ranging from $3.86 billion to $3.88 billion. For the next year, analysts anticipate that the company will post sales of $3.85 billion, with estimates ranging from $3.82 billion to $3.91 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Sally Beauty.

Sally Beauty (NYSE:SBH) last released its earnings results on Wednesday, July 31st. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. The company had revenue of $975.20 million for the quarter, compared to analyst estimates of $986.27 million. Sally Beauty had a net margin of 6.65% and a negative return on equity of 151.31%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 EPS.

A number of brokerages have recently weighed in on SBH. ValuEngine upgraded shares of Sally Beauty from a “strong sell” rating to a “sell” rating in a report on Tuesday. Jefferies Financial Group upgraded shares of Sally Beauty from an “underperform” rating to a “hold” rating and reduced their price objective for the company from $14.00 to $12.00 in a report on Friday, July 12th. They noted that the move was a valuation call. DA Davidson reduced their price objective on shares of Sally Beauty to $12.50 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Wells Fargo & Co restated a “hold” rating on shares of Sally Beauty in a report on Tuesday, June 25th. Finally, Bank of America restated an “underperform” rating and issued a $13.00 price objective (down from $15.00) on shares of Sally Beauty in a report on Tuesday, June 25th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.50.

In related news, Director Edward W. Rabin purchased 7,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average cost of $13.25 per share, for a total transaction of $92,750.00. Following the purchase, the director now directly owns 19,732 shares of the company’s stock, valued at $261,449. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John A. Miller purchased 40,500 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were bought at an average price of $12.21 per share, for a total transaction of $494,505.00. Following the completion of the purchase, the director now directly owns 51,873 shares in the company, valued at $633,369.33. The disclosure for this purchase can be found here. Insiders bought a total of 58,500 shares of company stock worth $718,425 over the last 90 days. Company insiders own 1.04% of the company’s stock.

A number of large investors have recently made changes to their positions in SBH. Prudential Financial Inc. raised its stake in Sally Beauty by 225.7% during the 2nd quarter. Prudential Financial Inc. now owns 2,394,550 shares of the specialty retailer’s stock worth $31,943,000 after acquiring an additional 1,659,403 shares in the last quarter. Ardevora Asset Management LLP grew its position in Sally Beauty by 41.5% during the 2nd quarter. Ardevora Asset Management LLP now owns 2,769,200 shares of the specialty retailer’s stock worth $36,941,000 after purchasing an additional 812,700 shares during the last quarter. Nuveen Asset Management LLC grew its position in Sally Beauty by 3,017.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 486,827 shares of the specialty retailer’s stock worth $6,494,000 after purchasing an additional 471,210 shares during the last quarter. SG Americas Securities LLC grew its position in Sally Beauty by 775.7% during the 2nd quarter. SG Americas Securities LLC now owns 302,798 shares of the specialty retailer’s stock worth $4,039,000 after purchasing an additional 268,219 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Sally Beauty by 15.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,905,439 shares of the specialty retailer’s stock worth $25,418,000 after purchasing an additional 258,282 shares during the last quarter.

Sally Beauty stock traded down $0.27 during mid-day trading on Wednesday, reaching $15.49. 1,148,982 shares of the company’s stock were exchanged, compared to its average volume of 1,296,954. The company has a market cap of $1.87 billion, a P/E ratio of 7.17, a P/E/G ratio of 2.49 and a beta of 0.47. Sally Beauty has a twelve month low of $11.46 and a twelve month high of $23.61. The company has a fifty day moving average of $14.37 and a 200-day moving average of $14.76.

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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