SharkNinja, Inc. Expected to Earn FY2023 Earnings of $3.14 Per Share (NYSE:SN)

SharkNinja, Inc. (NYSE:SNFree Report) – Investment analysts at William Blair raised their FY2023 earnings per share estimates for shares of SharkNinja in a research report issued to clients and investors on Tuesday, February 6th. William Blair analyst P. Blee now forecasts that the company will post earnings per share of $3.14 for the year, up from their prior forecast of $3.12. The consensus estimate for SharkNinja’s current full-year earnings is $3.13 per share. William Blair also issued estimates for SharkNinja’s Q4 2023 earnings at $0.86 EPS.

SharkNinja (NYSE:SNGet Free Report) last released its quarterly earnings data on Thursday, November 9th. The company reported 0.95 earnings per share for the quarter, beating the consensus estimate of 0.81 by 0.14. SharkNinja had a return on equity of 18.66% and a net margin of 4.05%. The firm had revenue of 1.07 billion during the quarter, compared to the consensus estimate of 1 billion. The firm’s revenue was up 13.1% compared to the same quarter last year.

Other equities research analysts also recently issued research reports about the company. Canaccord Genuity Group initiated coverage on SharkNinja in a research report on Tuesday, November 28th. They issued a “buy” rating and a $61.00 price objective for the company. The Goldman Sachs Group initiated coverage on SharkNinja in a research report on Wednesday, October 25th. They issued a “buy” rating and a $52.00 price objective for the company. Canaccord Genuity Group initiated coverage on SharkNinja in a research report on Tuesday, November 28th. They issued a “buy” rating and a $61.00 price objective for the company. Morgan Stanley initiated coverage on SharkNinja in a research report on Tuesday, January 30th. They issued an “equal weight” rating and a $54.00 price objective for the company. Finally, Guggenheim initiated coverage on SharkNinja in a research report on Monday. They issued a “buy” rating and a $60.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and a consensus target price of 57.60.

View Our Latest Stock Report on SharkNinja

SharkNinja Stock Up 0.4 %

NYSE SN opened at 48.17 on Thursday. SharkNinja has a 1-year low of 25.84 and a 1-year high of 53.40. The company has a 50 day moving average price of 49.15. The company has a quick ratio of 1.07, a current ratio of 1.77 and a debt-to-equity ratio of 0.52.

Institutional Investors Weigh In On SharkNinja

A number of institutional investors have recently added to or reduced their stakes in SN. Harvest Fund Management Co. Ltd acquired a new position in shares of SharkNinja in the third quarter worth $42,000. Counterpoint Mutual Funds LLC bought a new stake in SharkNinja during the third quarter valued at about $141,000. SG Americas Securities LLC bought a new stake in SharkNinja during the third quarter valued at about $185,000. Deuterium Capital Management LLC bought a new stake in SharkNinja during the fourth quarter valued at about $256,000. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of SharkNinja in the third quarter valued at about $272,000.

About SharkNinja

(Get Free Report)

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, as well as other floorcare products; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, cookware, cutlery, kettles, toasters, and bakeware products; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, home environment products, and garment care products.

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