Wall Street brokerages predict that Sally Beauty Holdings, Inc. (NYSE:SBH) will post $0.54 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Sally Beauty’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.59. Sally Beauty posted earnings of $0.51 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.9%. The business is scheduled to issue its next earnings report on Thursday, November 14th.

According to Zacks, analysts expect that Sally Beauty will report full-year earnings of $2.21 per share for the current financial year, with EPS estimates ranging from $2.18 to $2.23. For the next year, analysts forecast that the firm will post earnings of $2.18 per share, with EPS estimates ranging from $1.92 to $2.33. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Sally Beauty.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Wednesday, July 31st. The specialty retailer reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. Sally Beauty had a net margin of 6.65% and a negative return on equity of 151.31%. The business had revenue of $975.20 million during the quarter, compared to analysts’ expectations of $986.27 million. During the same period in the previous year, the company earned $0.60 earnings per share. Sally Beauty’s revenue for the quarter was down 2.1% on a year-over-year basis.

A number of brokerages have recently weighed in on SBH. Jefferies Financial Group upgraded shares of Sally Beauty from an “underperform” rating to a “hold” rating and reduced their price objective for the stock from $14.00 to $12.00 in a research note on Friday, July 12th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Sally Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st. DA Davidson upped their target price on shares of Sally Beauty from $14.00 to $16.50 and gave the company an “add” rating in a research note on Tuesday, June 25th. BMO Capital Markets upgraded shares of Sally Beauty to a “market perform” rating and set a $17.00 target price for the company in a research note on Friday, May 3rd. Finally, ValuEngine cut shares of Sally Beauty from a “sell” rating to a “strong sell” rating in a research note on Monday, June 24th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Sally Beauty presently has a consensus rating of “Hold” and a consensus target price of $16.08.

In other Sally Beauty news, Director Edward W. Rabin purchased 7,000 shares of the stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of $13.25 per share, with a total value of $92,750.00. Following the acquisition, the director now directly owns 19,732 shares of the company’s stock, valued at approximately $261,449. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Christian A. Brickman purchased 5,000 shares of the stock in a transaction on Friday, May 31st. The stock was acquired at an average cost of $14.93 per share, for a total transaction of $74,650.00. Following the acquisition, the chief executive officer now directly owns 360,332 shares in the company, valued at $5,379,756.76. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 13,500 shares of company stock valued at $189,795. Corporate insiders own 1.04% of the company’s stock.

A number of institutional investors have recently made changes to their positions in SBH. Prudential Financial Inc. increased its holdings in Sally Beauty by 225.7% in the 2nd quarter. Prudential Financial Inc. now owns 2,394,550 shares of the specialty retailer’s stock valued at $31,943,000 after buying an additional 1,659,403 shares during the period. Norges Bank bought a new stake in shares of Sally Beauty in the 4th quarter worth about $23,087,000. Champlain Investment Partners LLC grew its holdings in shares of Sally Beauty by 13.1% in the 1st quarter. Champlain Investment Partners LLC now owns 8,444,630 shares of the specialty retailer’s stock worth $155,466,000 after purchasing an additional 976,690 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Sally Beauty by 2,747.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 867,045 shares of the specialty retailer’s stock worth $15,966,000 after purchasing an additional 836,591 shares during the last quarter. Finally, Ardevora Asset Management LLP grew its holdings in shares of Sally Beauty by 41.5% in the 2nd quarter. Ardevora Asset Management LLP now owns 2,769,200 shares of the specialty retailer’s stock worth $36,941,000 after purchasing an additional 812,700 shares during the last quarter.

Shares of Sally Beauty stock traded up $0.23 on Tuesday, reaching $13.56. The stock had a trading volume of 1,541,018 shares, compared to its average volume of 1,813,937. The business has a 50-day moving average price of $12.63. Sally Beauty has a fifty-two week low of $11.46 and a fifty-two week high of $23.61. The company has a market capitalization of $1.59 billion, a PE ratio of 6.28, a P/E/G ratio of 1.99 and a beta of 0.44.

Sally Beauty Company Profile

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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