Equities research analysts forecast that Sally Beauty Holdings, Inc. (NYSE:SBH – Get Rating) will post $959.59 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Sally Beauty’s earnings. The highest sales estimate is $974.63 million and the lowest is $949.90 million. Sally Beauty posted sales of $926.33 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.6%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Sally Beauty will report full-year sales of $4.00 billion for the current year, with estimates ranging from $3.98 billion to $4.03 billion. For the next year, analysts expect that the company will post sales of $4.08 billion, with estimates ranging from $4.06 billion to $4.13 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Sally Beauty.
Sally Beauty (NYSE:SBH – Get Rating) last released its quarterly earnings results on Wednesday, February 2nd. The specialty retailer reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. Sally Beauty had a net margin of 6.42% and a return on equity of 125.54%. The company had revenue of $980.00 million for the quarter, compared to analyst estimates of $993.34 million. During the same quarter last year, the firm posted $0.50 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year.
A number of institutional investors have recently made changes to their positions in SBH. First Trust Advisors LP increased its holdings in Sally Beauty by 20.0% in the 1st quarter. First Trust Advisors LP now owns 76,690 shares of the specialty retailer’s stock valued at $1,412,000 after buying an additional 12,797 shares during the period. Morgan Stanley increased its holdings in Sally Beauty by 45.4% in the 2nd quarter. Morgan Stanley now owns 1,339,270 shares of the specialty retailer’s stock valued at $29,557,000 after buying an additional 418,367 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in Sally Beauty in the 3rd quarter valued at $2,534,000. SG Americas Securities LLC boosted its stake in shares of Sally Beauty by 82.5% in the 3rd quarter. SG Americas Securities LLC now owns 133,799 shares of the specialty retailer’s stock valued at $2,255,000 after purchasing an additional 60,486 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Sally Beauty by 30.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 86,707 shares of the specialty retailer’s stock valued at $1,461,000 after purchasing an additional 20,420 shares in the last quarter.
NYSE:SBH opened at $15.26 on Thursday. Sally Beauty has a 12 month low of $14.88 and a 12 month high of $25.66. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 6.97 and a beta of 1.42. The company has a quick ratio of 0.60, a current ratio of 2.08 and a debt-to-equity ratio of 4.92. The company’s 50 day moving average is $16.41 and its 200-day moving average is $17.60.
About Sally Beauty (Get Rating)
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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