Sally Beauty Holdings, Inc. (NYSE:SBH) Expected to Earn Q3 2024 Earnings of $0.42 Per Share

Sally Beauty Holdings, Inc. (NYSE:SBHFree Report) – Research analysts at DA Davidson issued their Q3 2024 EPS estimates for shares of Sally Beauty in a research note issued on Wednesday, May 15th. DA Davidson analyst L. Weiser expects that the specialty retailer will post earnings of $0.42 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $13.00 price target on the stock. The consensus estimate for Sally Beauty’s current full-year earnings is $1.74 per share. DA Davidson also issued estimates for Sally Beauty’s FY2024 earnings at $1.70 EPS and FY2025 earnings at $1.76 EPS.

Several other research firms also recently commented on SBH. Piper Sandler dropped their price objective on shares of Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Tuesday, March 19th. TD Cowen dropped their price target on Sally Beauty from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Sally Beauty currently has an average rating of “Hold” and a consensus target price of $12.00.

Read Our Latest Analysis on SBH

Sally Beauty Price Performance

SBH stock opened at $10.94 on Thursday. The company has a market capitalization of $1.13 billion, a PE ratio of 7.44 and a beta of 1.49. The company’s fifty day moving average price is $11.31 and its 200-day moving average price is $11.53. Sally Beauty has a one year low of $7.21 and a one year high of $13.91. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.37 and a current ratio of 1.99.

Sally Beauty (NYSE:SBHGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The specialty retailer reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). Sally Beauty had a return on equity of 34.23% and a net margin of 4.36%. The business had revenue of $908.36 million during the quarter, compared to analysts’ expectations of $910.72 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis.

Institutional Trading of Sally Beauty

Hedge funds have recently made changes to their positions in the business. CWM LLC raised its position in Sally Beauty by 107.9% during the fourth quarter. CWM LLC now owns 2,700 shares of the specialty retailer’s stock valued at $36,000 after purchasing an additional 1,401 shares during the period. Quadrant Capital Group LLC boosted its stake in Sally Beauty by 168.6% during the fourth quarter. Quadrant Capital Group LLC now owns 4,507 shares of the specialty retailer’s stock worth $60,000 after buying an additional 2,829 shares during the period. Allspring Global Investments Holdings LLC increased its position in Sally Beauty by 92.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 9,872 shares of the specialty retailer’s stock valued at $83,000 after acquiring an additional 4,747 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Sally Beauty in the fourth quarter valued at $136,000. Finally, Raymond James Trust N.A. bought a new stake in shares of Sally Beauty in the 4th quarter worth about $143,000.

About Sally Beauty

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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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