Sally Beauty (NYSE:SBH) Announces Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Sally Beauty (NYSE:SBH) issued its quarterly earnings results on Thursday. The specialty retailer reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.06), MarketWatch Earnings reports. Sally Beauty had a negative return on equity of 305.73% and a net margin of 3.18%. The business had revenue of $705.29 million during the quarter, compared to the consensus estimate of $705.08 million.

NYSE SBH opened at $11.61 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.88 and a debt-to-equity ratio of 717.80. The stock has a market capitalization of $1.31 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. Sally Beauty has a 12-month low of $6.28 and a 12-month high of $21.98. The company has a 50 day moving average price of $13.05 and a two-hundred day moving average price of $12.08.

A number of analysts recently commented on the stock. DA Davidson dropped their target price on shares of Sally Beauty from $14.50 to $10.00 in a report on Monday, April 27th. Robert W. Baird upped their price objective on shares of Sally Beauty from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Zacks Investment Research downgraded shares of Sally Beauty from a “hold” rating to a “sell” rating and set a $10.00 target price for the company. in a research report on Monday, April 27th. TheStreet upgraded shares of Sally Beauty from a “d+” rating to a “c-” rating in a report on Thursday, June 11th. Finally, Oppenheimer raised shares of Sally Beauty to a “buy” rating and set a $19.00 price target on the stock in a research note on Tuesday, July 7th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $11.83.

In related news, Director Edward W. Rabin purchased 3,500 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $10.21 per share, for a total transaction of $35,735.00. Following the purchase, the director now owns 25,520 shares in the company, valued at approximately $260,559.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward W. Rabin acquired 4,500 shares of the stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of $9.66 per share, for a total transaction of $43,470.00. Following the acquisition, the director now owns 25,520 shares in the company, valued at approximately $246,523.20. The disclosure for this purchase can be found here. Insiders acquired 12,000 shares of company stock valued at $123,515 over the last three months. Insiders own 2.62% of the company’s stock.

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 for Sally Beauty (NYSE:SBH)

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