Sally Beauty (SBH) Set to Announce Earnings on Thursday

Sally Beauty (NYSE:SBH) is set to announce its earnings results before the market opens on Thursday, November 8th. Analysts expect the company to announce earnings of $0.48 per share for the quarter.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings data on Thursday, August 2nd. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.60. The business had revenue of $996.28 million during the quarter, compared to the consensus estimate of $995.30 million. Sally Beauty had a negative return on equity of 76.04% and a net margin of 6.05%. Sally Beauty’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. On average, analysts expect Sally Beauty to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE:SBH opened at $17.81 on Thursday. The stock has a market cap of $2.05 billion, a P/E ratio of 9.89, a PEG ratio of 1.69 and a beta of 0.17. Sally Beauty has a 52-week low of $13.72 and a 52-week high of $19.17.



In related news, CFO Aaron E. Alt purchased 4,000 shares of Sally Beauty stock in a transaction that occurred on Monday, August 6th. The stock was purchased at an average cost of $14.07 per share, with a total value of $56,280.00. Following the completion of the transaction, the chief financial officer now owns 69,619 shares of the company’s stock, valued at approximately $979,539.33. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christian A. Brickman purchased 16,000 shares of Sally Beauty stock in a transaction that occurred on Wednesday, August 15th. The shares were bought at an average cost of $13.90 per share, with a total value of $222,400.00. Following the completion of the transaction, the chief executive officer now directly owns 278,664 shares of the company’s stock, valued at approximately $3,873,429.60. The disclosure for this purchase can be found here. Corporate insiders own 1.48% of the company’s stock.

A number of research analysts recently issued reports on SBH shares. Bank of America downgraded Sally Beauty from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $17.00 to $15.00 in a report on Monday, July 16th. beau downgraded Sally Beauty from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $17.00 to $15.00 in a report on Tuesday, July 17th. Jefferies Financial Group set a $14.00 price objective on Sally Beauty and gave the stock a “hold” rating in a report on Thursday, August 2nd. Morgan Stanley decreased their price objective on Sally Beauty from $13.50 to $13.00 and set an “underweight” rating for the company in a report on Monday, August 6th. Finally, BMO Capital Markets reduced their price target on Sally Beauty from $16.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, August 6th. Five analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Sally Beauty has a consensus rating of “Hold” and a consensus target price of $16.00.

About Sally Beauty

Sally Beauty Holdings, Inc, together with its subsidiaries, 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, beauty sundries, and styling tools for retail customers and salon professionals.

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Earnings History for Sally Beauty (NYSE:SBH)

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