Wall Street analysts forecast that Sally Beauty Holdings, Inc. (NYSE:SBH) will post $971.31 million in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for Sally Beauty’s earnings, with the lowest sales estimate coming in at $956.00 million and the highest estimate coming in at $986.00 million. Sally Beauty reported sales of $966.47 million in the same quarter last year, which would suggest a positive year over year growth rate of 0.5%. The business is expected to report its next earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Sally Beauty will report full-year sales of $971.31 million for the current financial year, with estimates ranging from $3.91 billion to $3.98 billion. For the next financial year, analysts expect that the business will post sales of $3.97 billion per share, with estimates ranging from $3.92 billion to $4.04 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Sally Beauty.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.26. Sally Beauty had a negative return on equity of 72.22% and a net margin of 6.17%. The company had revenue of $994.96 million for the quarter, compared to the consensus estimate of $990.18 million. During the same quarter last year, the business posted $0.39 EPS. Sally Beauty’s revenue for the quarter was down .5% on a year-over-year basis.

SBH has been the subject of several analyst reports. Morgan Stanley lowered Sally Beauty from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, November 8th. Zacks Investment Research lowered Sally Beauty from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. Robert W. Baird set a $24.00 target price on Sally Beauty and gave the stock a “buy” rating in a research report on Tuesday, November 14th. KeyCorp reaffirmed a “hold” rating on shares of Sally Beauty in a research report on Friday, November 24th. Finally, ValuEngine lowered Sally Beauty from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Sally Beauty presently has a consensus rating of “Hold” and an average target price of $17.50.

In other Sally Beauty news, Director Edward W. Rabin acquired 3,750 shares of the stock in a transaction dated Tuesday, November 21st. The stock was purchased at an average cost of $15.49 per share, with a total value of $58,087.50. Following the transaction, the director now owns 14,351 shares in the company, valued at approximately $222,296.99. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.48% of the company’s stock.

Several hedge funds have recently bought and sold shares of SBH. Alliancebernstein L.P. raised its position in shares of Sally Beauty by 0.6% in the 2nd quarter. Alliancebernstein L.P. now owns 88,272 shares of the specialty retailer’s stock worth $1,788,000 after acquiring an additional 490 shares in the last quarter. Teachers Advisors LLC increased its position in Sally Beauty by 12.0% in the 2nd quarter. Teachers Advisors LLC now owns 162,023 shares of the specialty retailer’s stock valued at $3,281,000 after buying an additional 17,413 shares in the last quarter. Northern Trust Corp increased its position in Sally Beauty by 6.6% in the 2nd quarter. Northern Trust Corp now owns 1,441,556 shares of the specialty retailer’s stock valued at $29,191,000 after buying an additional 89,154 shares in the last quarter. Renaissance Technologies LLC increased its position in Sally Beauty by 32.6% in the 2nd quarter. Renaissance Technologies LLC now owns 735,600 shares of the specialty retailer’s stock valued at $14,896,000 after buying an additional 181,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Sally Beauty by 75.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,409,898 shares of the specialty retailer’s stock valued at $28,551,000 after buying an additional 608,282 shares in the last quarter.

Sally Beauty (SBH) opened at $16.98 on Wednesday. The stock has a market capitalization of $2,160.00, a price-to-earnings ratio of 9.38, a P/E/G ratio of 1.63 and a beta of 0.42. The company has a current ratio of 1.97, a quick ratio of 0.38 and a debt-to-equity ratio of -5.17. Sally Beauty has a 12-month low of $14.05 and a 12-month high of $23.63.

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Sally Beauty Company Profile

Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.

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Earnings History and Estimates for Sally Beauty (NYSE:SBH)

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