Sally Beauty Holdings, Inc. (SBH) Expected to Post Earnings of $0.54 Per Share

Equities analysts expect that Sally Beauty Holdings, Inc. (NYSE:SBH) will report earnings of $0.54 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Sally Beauty’s earnings, with the lowest EPS estimate coming in at $0.53 and the highest estimate coming in at $0.56. Sally Beauty also reported earnings per share of $0.54 during the same quarter last year. The company is expected to announce its next earnings report before the market opens on Wednesday, May 1st.

On average, analysts expect that Sally Beauty will report full year earnings of $2.23 per share for the current financial year, with EPS estimates ranging from $2.18 to $2.25. For the next fiscal year, analysts anticipate that the company will report earnings of $2.23 per share, with EPS estimates ranging from $2.03 to $2.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Sally Beauty.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Tuesday, February 5th. The specialty retailer reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. Sally Beauty had a net margin of 6.12% and a negative return on equity of 96.26%. The company had revenue of $989.45 million for the quarter, compared to analyst estimates of $992.83 million. During the same quarter last year, the business earned $0.51 earnings per share. Sally Beauty’s revenue was down .6% compared to the same quarter last year.

A number of research analysts recently commented on SBH shares. ValuEngine upgraded shares of Sally Beauty from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd. Zacks Investment Research lowered shares of Sally Beauty from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. Finally, Wells Fargo & Co set a $18.00 price objective on shares of Sally Beauty and gave the company a “hold” rating in a research note on Tuesday, February 5th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $17.22.

Shares of NYSE SBH traded up $0.09 during mid-day trading on Friday, reaching $18.62. 883,517 shares of the company traded hands, compared to its average volume of 1,066,284. Sally Beauty has a fifty-two week low of $13.72 and a fifty-two week high of $23.61. The firm has a market capitalization of $2.24 billion, a PE ratio of 8.62, a P/E/G ratio of 2.12 and a beta of 0.44.

In related news, Director Edward W. Rabin acquired 4,500 shares of the stock in a transaction that occurred on Thursday, February 7th. The shares were acquired at an average price of $17.65 per share, for a total transaction of $79,425.00. Following the completion of the purchase, the director now directly owns 19,732 shares of the company’s stock, valued at $348,269.80. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Aaron E. Alt acquired 2,700 shares of the stock in a transaction that occurred on Thursday, February 14th. The shares were bought at an average price of $18.66 per share, for a total transaction of $50,382.00. Following the purchase, the chief financial officer now directly owns 91,091 shares of the company’s stock, valued at $1,699,758.06. The disclosure for this purchase can be found here. 1.04% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Truvestments Capital LLC bought a new stake in Sally Beauty during the first quarter worth approximately $28,000. Oregon Public Employees Retirement Fund boosted its holdings in Sally Beauty by 1,585.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 814,427 shares of the specialty retailer’s stock worth $48,000 after buying an additional 766,117 shares in the last quarter. Strs Ohio bought a new stake in Sally Beauty during the fourth quarter worth approximately $83,000. Dupont Capital Management Corp bought a new stake in Sally Beauty during the fourth quarter worth approximately $132,000. Finally, Advisor Group Inc. boosted its holdings in Sally Beauty by 188.2% during the fourth quarter. Advisor Group Inc. now owns 8,744 shares of the specialty retailer’s stock worth $149,000 after buying an additional 5,710 shares in the last quarter.

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

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