Brokerages Anticipate Sally Beauty Holdings, Inc. (NYSE:SBH) to Announce $0.53 EPS

Wall Street brokerages forecast that Sally Beauty Holdings, Inc. (NYSE:SBH) will report earnings of $0.53 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Sally Beauty’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.55. Sally Beauty reported earnings per share of $0.51 during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.9%. The company is expected to issue its next quarterly earnings report on Thursday, November 14th.

On average, analysts expect that Sally Beauty will report full-year earnings of $2.21 per share for the current fiscal year, with EPS estimates ranging from $2.20 to $2.22. For the next year, analysts anticipate that the firm will report earnings of $2.18 per share, with EPS estimates ranging from $1.92 to $2.33. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Sally Beauty.

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

A number of analysts recently issued reports on SBH shares. Bank of America reiterated an “underperform” rating and issued a $13.00 price target (down previously from $15.00) on shares of Sally Beauty in a report on Tuesday, June 25th. Jefferies Financial Group upgraded Sally Beauty from an “underperform” rating to a “hold” rating and lowered their price target 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 lowered their price target on Sally Beauty to $12.50 and set a “neutral” rating for the company in a report on Wednesday, September 4th. ValuEngine upgraded Sally Beauty from a “strong sell” rating to a “sell” rating in a report on Tuesday. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of Sally Beauty in a report on Tuesday, June 25th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.50.

Shares of NYSE SBH traded down $0.27 during trading hours on Monday, reaching $15.49. The stock had a trading volume of 1,148,982 shares, compared to its average volume of 1,296,954. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 7.17, a P/E/G ratio of 2.49 and a beta of 0.47. The business’s fifty day moving average price is $14.37 and its two-hundred day moving average price is $14.76. Sally Beauty has a 52-week low of $11.46 and a 52-week high of $23.61.

In other news, Director Marshall E. Eisenberg purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was purchased at an average price of $11.89 per share, for a total transaction of $118,900.00. Following the completion of the acquisition, the director now owns 72,071 shares of the company’s stock, valued at $856,924.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward W. Rabin acquired 7,000 shares of Sally Beauty stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $13.25 per share, with a total value 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 disclosure for this purchase can be found here. Insiders purchased 58,500 shares of company stock valued at $718,425 in the last quarter. 1.04% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Advisory Services Network LLC raised its stake in Sally Beauty by 118.1% in the first quarter. Advisory Services Network LLC now owns 1,684 shares of the specialty retailer’s stock worth $32,000 after buying an additional 912 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Sally Beauty by 23.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,686 shares of the specialty retailer’s stock worth $114,000 after buying an additional 1,464 shares in the last quarter. Jane Street Group LLC bought a new position in Sally Beauty in the second quarter worth approximately $151,000. CWM Advisors LLC bought a new position in Sally Beauty in the second quarter worth approximately $153,000. Finally, Teza Capital Management LLC bought a new position in Sally Beauty in the second quarter worth approximately $167,000.

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, 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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