Sally Beauty (NYSE:SBH – Get Free Report) is scheduled to release its earnings data before the market opens on Thursday, May 9th. Analysts expect Sally Beauty to post earnings of $0.39 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Sally Beauty Stock Performance
SBH opened at $10.59 on Wednesday. The firm has a 50 day moving average of $11.49 and a two-hundred day moving average of $11.44. The firm has a market capitalization of $1.11 billion, a PE ratio of 6.75 and a beta of 1.49. The company has a current ratio of 2.20, a quick ratio of 0.45 and a debt-to-equity ratio of 1.97. Sally Beauty has a 12-month low of $7.21 and a 12-month high of $13.91.
Wall Street Analysts Forecast Growth
Several research firms have commented on SBH. Piper Sandler lowered their price target on shares of Sally Beauty from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Tuesday, March 19th. DA Davidson raised their target price on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Finally, TD Cowen reduced their price target on Sally Beauty from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.00.
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 products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.
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