Olaplex Holdings, Inc. (NASDAQ:OLPX) Expected to Post Earnings of $0.11 Per Share

Wall Street analysts expect that Olaplex Holdings, Inc. (NASDAQ:OLPX – Get Rating) will report earnings of $0.11 per share for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Olaplex’s earnings. The highest EPS estimate is $0.12 and the lowest is $0.10. The company is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Olaplex will report full-year earnings of $0.54 per share for the current year, with EPS estimates ranging from $0.53 to $0.56. For the next financial year, analysts expect that the company will post earnings of $0.66 per share, with EPS estimates ranging from $0.60 to $0.68. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Olaplex.

Olaplex (NASDAQ:OLPX – Get Rating) last posted its quarterly earnings results on Tuesday, March 8th. The company reported $0.10 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.10. The company had revenue of $166.50 million during the quarter, compared to analyst estimates of $157.06 million. The firm’s revenue was up 78.6% compared to the same quarter last year.

Several research analysts recently issued reports on OLPX shares. Piper Sandler dropped their price target on shares of Olaplex from $36.00 to $30.00 and set an “overweight” rating for the company in a research report on Tuesday, April 19th. JPMorgan Chase & Co. raised their price objective on shares of Olaplex from $23.00 to $24.00 in a research note on Thursday, April 14th. Zacks Investment Research cut shares of Olaplex from a “buy” rating to a “hold” rating in a research note on Friday, February 25th. Barclays raised shares of Olaplex from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $29.00 to $17.00 in a research report on Wednesday, March 9th. Finally, Raymond James dropped their price objective on shares of Olaplex from $28.00 to $24.00 and set a “strong-buy” rating on the stock in a report on Monday, April 18th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Olaplex currently has an average rating of “Buy” and a consensus target price of $31.08.

Shares of NASDAQ OLPX traded up $0.17 during mid-day trading on Friday, hitting $14.09. The company had a trading volume of 1,983,237 shares, compared to its average volume of 1,653,438. The company has a quick ratio of 3.25, a current ratio of 4.60 and a debt-to-equity ratio of 1.41. The business’s 50-day simple moving average is $15.96 and its 200-day simple moving average is $21.94. Olaplex has a 12 month low of $12.88 and a 12 month high of $30.41.

In other news, CFO Eric Tiziani purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 10th. The shares were bought at an average cost of $14.78 per share, with a total value of $295,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

A number of large investors have recently modified their holdings of OLPX. UBS Group AG bought a new stake in Olaplex during the 3rd quarter valued at $25,000. Metropolitan Life Insurance Co NY bought a new stake in Olaplex during the 4th quarter valued at about $68,000. Daiwa Securities Group Inc. bought a new stake in Olaplex during the 3rd quarter valued at about $101,000. Penserra Capital Management LLC bought a new stake in Olaplex during the 4th quarter valued at about $127,000. Finally, Natixis Advisors L.P. boosted its holdings in shares of Olaplex by 49.5% during the 4th quarter. Natixis Advisors L.P. now owns 19,658 shares of the company’s stock valued at $573,000 after acquiring an additional 6,508 shares during the last quarter. 89.93% of the stock is owned by institutional investors.

About Olaplex (Get Rating)

Olaplex Holdings, Inc manufactures and sells hair care products. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair. It provides hair care products to professional hair salons, retailers, and everyday consumers. The company was founded in 2014 and is based in Santa Barbara, California.

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