July 13, 2024


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Zacks: Brokerages Expect Sally Beauty Holdings, Inc. (NYSE:SBH) Will Post Quarterly Sales of $959.59 Million

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Wall Road brokerages hope Sally Splendor Holdings, Inc. (NYSE:SBHGet Rating) to report sales of $959.59 million for the present-day quarter, in accordance to Zacks. 4 analysts have manufactured estimates for Sally Beauty’s earnings. The best revenue estimate is $974.63 million and the cheapest is $949.90 million. Sally Beauty posted profits of $926.33 million through the same quarter last calendar year, which would indicate a good 12 months about year expansion fee of 3.6%. The business is predicted to announce its up coming quarterly earnings effects on Monday, January 1st.

On common, analysts be expecting that Sally Beauty will report full-12 months gross sales of $4.00 billion for the latest money yr, with estimates ranging from $3.98 billion to $4.03 billion. For the upcoming monetary yr, analysts forecast that the organization will report gross sales of $4.08 billion, with estimates ranging from $4.06 billion to $4.13 billion. Zacks’ sales calculations are a signify typical dependent on a survey of offer-aspect study analysts that stick to Sally Magnificence.

Sally Beauty (NYSE:SBHGet Rating) last posted its quarterly earnings details on Wednesday, February 2nd. The specialty retailer documented $.63 EPS for the quarter, topping the Zacks’ consensus estimate of $.60 by $.03. Sally Beauty experienced a return on fairness of 125.54% and a web margin of 6.42%. The organization had earnings of $980.00 million for the quarter, as opposed to analyst estimates of $993.34 million. In the course of the identical quarter past calendar year, the firm attained $.50 EPS. The company’s income was up 4.7% on a 12 months-over-yr foundation.

A quantity of equities investigate analysts have weighed in on SBH shares. DA Davidson lessened their focus on price tag on Sally Beauty from $22.00 to $19.50 in a report on Friday, February 4th. StockNews.com initiated protection on Sally Attractiveness in a report on Thursday, March 31st. They set a “buy” score on the inventory. Three exploration analysts have rated the inventory with a keep ranking, three have assigned a obtain ranking and 1 has assigned a powerful acquire rating to the company’s inventory. According to details from MarketBeat, Sally Magnificence at present has a consensus score of “Buy” and a consensus value focus on of $23.70.

Sally Beauty inventory traded up $.08 during mid-working day buying and selling on Thursday, reaching $15.92. 954,402 shares of the company were being exchanged, in comparison to its typical volume of 1,453,402. The corporation has a fifty day very simple moving typical of $16.76 and a 200-day uncomplicated going common of $17.68. The business has a market cap of $1.80 billion, a PE ratio of 7.27 and a beta of 1.42. Sally Elegance has a 12 thirty day period lower of $14.92 and a 12 month large of $25.66. The enterprise has a personal debt-to-equity ratio of 4.92, a current ratio of 2.08 and a swift ratio of .60.

Hedge money have not too long ago modified their holdings of the company. Dynamic Technology Lab Personal Ltd acquired a new posture in shares of Sally Splendor in the third quarter well worth $380,000. Blueshift Asset Management LLC purchased a new position in shares of Sally Magnificence in the 3rd quarter well worth $274,000. Geode Funds Administration LLC improved its holdings in shares of Sally Magnificence by .4% in the 3rd quarter. Geode Capital Administration LLC now owns 1,845,272 shares of the specialty retailer’s inventory worth $31,092,000 immediately after acquiring an further 6,613 shares during the time period. Balyasny Asset Administration LLC purchased a new situation in shares of Sally Natural beauty in the 3rd quarter truly worth $1,273,000. Eventually, Marshall Wace LLP acquired a new placement in shares of Sally Splendor in the 3rd quarter well worth $315,000.

About Sally Beauty (Get Rating)

Sally Natural beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty provides. The enterprise operates through two segments, Sally Beauty Provide and Natural beauty Systems Group. The Sally Splendor Source section presents splendor products, such as hair shade and treatment merchandise, skin and nail care merchandise, styling applications, and other splendor items for retail clients, salons, and salon pros.

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