Equities research analysts expect that Sally Beauty Holdings, Inc. (NYSE:SBH) will report sales of $964.63 million for the current quarter, Zacks reports. Six analysts have made estimates for Sally Beauty’s earnings. The highest sales estimate is $980.70 million and the lowest is $954.20 million. Sally Beauty posted sales of $974.20 million in the same quarter last year, which suggests a negative year over year growth rate of 1%. The firm is expected to report its next earnings report on Wednesday, November 21st.

According to Zacks, analysts expect that Sally Beauty will report full year sales of $3.93 billion for the current fiscal year, with estimates ranging from $3.92 billion to $3.95 billion. For the next fiscal year, analysts forecast that the business will post sales of $3.89 billion, with estimates ranging from $3.84 billion to $3.96 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Sally Beauty.

Sally Beauty (NYSE:SBH) last released its quarterly earnings data on Thursday, August 2nd. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. Sally Beauty had a net margin of 6.05% and a negative return on equity of 76.04%. The firm had revenue of $996.28 million for the quarter, compared to analysts’ expectations of $995.30 million. During the same quarter in the previous year, the company earned $0.52 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year.

A number of equities analysts have issued reports on the stock. ValuEngine upgraded shares of Sally Beauty from a “strong sell” rating to a “sell” rating in a research report on Friday. Zacks Investment Research upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday. Bank of America boosted their price objective on shares of Sally Beauty from $14.00 to $16.00 and gave the company a “sell” rating in a research report on Thursday, October 4th. Cowen reiterated a “market perform” rating on shares of Sally Beauty in a research report on Wednesday, June 20th. They noted that the move was a valuation call. Finally, beau cut shares of Sally Beauty from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $17.00 to $15.00 in a research report on Tuesday, July 17th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $16.00.

SBH stock opened at $18.02 on Friday. Sally Beauty has a 12-month low of $13.72 and a 12-month high of $19.17. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 1.53 and a beta of 0.16. The company has a debt-to-equity ratio of -5.42, a quick ratio of 0.39 and a current ratio of 2.12.

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 shares were bought at an average price of $14.07 per share, for a total transaction of $56,280.00. Following the completion of the transaction, the chief financial officer now directly owns 69,619 shares of the company’s stock, valued at $979,539.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 price of $13.90 per share, for a total transaction of $222,400.00. Following the transaction, the chief executive officer now directly owns 278,664 shares of the company’s stock, valued at $3,873,429.60. The disclosure for this purchase can be found here. 1.48% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Fox Run Management L.L.C. purchased a new stake in Sally Beauty in the third quarter worth about $234,000. Northern Trust Corp grew its holdings in Sally Beauty by 65.1% in the second quarter. Northern Trust Corp now owns 1,986,916 shares of the specialty retailer’s stock worth $31,850,000 after purchasing an additional 783,382 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in Sally Beauty by 41.6% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 24,186 shares of the specialty retailer’s stock worth $388,000 after purchasing an additional 7,109 shares during the period. Auxier Asset Management grew its holdings in Sally Beauty by 14.2% in the second quarter. Auxier Asset Management now owns 87,259 shares of the specialty retailer’s stock worth $1,399,000 after purchasing an additional 10,850 shares during the period. Finally, MetLife Investment Advisors LLC grew its holdings in Sally Beauty by 70.4% in the second quarter. MetLife Investment Advisors LLC now owns 133,023 shares of the specialty retailer’s stock worth $2,132,000 after purchasing an additional 54,952 shares during the period.

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 and Estimates for Sally Beauty (NYSE:SBH)

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