Sally Beauty (SBH) Scheduled to Post Quarterly Earnings on Thursday

Sally Beauty (SBH) Scheduled to Post Quarterly Earnings on Thursday


Sally Beauty (NYSE:SBH – Get Rating) is scheduled to release its earnings data before the market opens on Thursday, August 4th. Analysts expect Sally Beauty to post earnings of $0.59 per share for the quarter.

Sally Beauty (NYSE:SBH – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The specialty retailer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). The firm had revenue of $911.40 million for the quarter, compared to analyst estimates of $951.20 million. Sally Beauty had a net margin of 6.66% and a return on equity of 104.07%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 EPS. On average, analysts expect Sally Beauty to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Sally Beauty Stock Up 0.1%

Shares of NYSE SBH opened at $13.25 on Friday. The stock has a market cap of $1.42 billion, a P/E ratio of 5.84 and a beta of 1.41. The firm has a 50 day moving average price of $13.25 and a 200 day moving average price of $15.39. The company has a debt-to-equity ratio of 5.08, a quick ratio of 0.59 and a current ratio of 2.27. Sally Beauty has a 52-week low of $11.28 and a 52-week high of $22.82.

Institutional Trading of Sally Beauty

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A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in shares of Sally Beauty by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,544,961 shares of the specialty retailer’s stock worth $39,779,000 after purchasing an additional 14,113 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Sally Beauty by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,529,120 shares of the specialty retailer’s stock worth $23,900,000 after acquiring an additional 8,096 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Sally Beauty by 7.6% during the first quarter. Gamco Investors INC. ET AL now owns 780,050 shares of the specialty retailer’s stock worth $12,192,000 after acquiring an additional 54,871 shares in the last quarter. Federated Hermes Inc. raised its position in Sally Beauty by 79.3% during the first quarter. Federated Hermes Inc. now owns 636,014 shares of the specialty retailer’s stock worth $9,941,000 after acquiring an additional 281,243 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Sally Beauty by 29.4% during the first quarter. Renaissance Technologies LLC now owns 604,500 shares of the specialty retailer’s stock worth $9,448,000 after acquiring an additional 137,400 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SBH. StockNews.com upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a report on Monday. Morgan Stanley cut shares of Sally Beauty from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $19.00 to $12.00 in a report on Thursday, June 16th. Raymond James cut shares of Sally Beauty from a “market perform” rating to an “underperform” rating in a report on Wednesday, June 29th. Cowen reduced their price target on shares of Sally Beauty from $30.00 to $20.00 in a report on Friday, May 6th. Finally, Oppenheimer cut shares of Sally Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, May 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $18.70.

Sally Beauty Company Profile

(GetRating)

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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Earnings History for Sally Beauty (NYSE:SBH)

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