Sally Beauty (NYSE:SBH) Posts Earnings Results, Misses Expectations By $0.06 EPS
Sally Beauty (NYSE:SBH) issued its quarterly earnings results on Thursday. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.06), MarketWatch Earnings reports. The firm had revenue of $705.29 million during the quarter, compared to analyst estimates of $705.08 million. Sally Beauty had a negative return on equity of 305.73% and a net margin of 3.18%.
Sally Beauty stock traded down $0.09 during midday trading on Friday, hitting $11.61. 1,805,637 shares of the stock were exchanged, compared to its average volume of 1,512,008. Sally Beauty has a fifty-two week low of $6.28 and a fifty-two week high of $21.98. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 2.46 and a beta of 1.26. The stock’s 50-day simple moving average is $13.05 and its 200 day simple moving average is $12.08. The company has a current ratio of 1.88, a quick ratio of 0.55 and a debt-to-equity ratio of 717.80.
A number of brokerages have recently issued reports on SBH. Morgan Stanley lifted their price target on Sally Beauty from $7.00 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. ValuEngine lowered Sally Beauty from a “sell” rating to a “strong sell” rating in a research note on Monday, June 8th. Oppenheimer raised Sally Beauty to a “buy” rating and set a $19.00 price target on the stock in a research note on Tuesday, July 7th. Robert W. Baird lifted their price target on Sally Beauty from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, DA Davidson lowered their price target on Sally Beauty from $14.50 to $10.00 in a research note on Monday, April 27th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $11.83.
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, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.
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