Beauty Health (SKIN) Set to Announce Earnings on Tuesday

Beauty Health (NASDAQ:SKINGet Rating) will be announcing its earnings results after the market closes on Tuesday, May 10th. Beauty Health has set its FY 2022 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

Beauty Health (NASDAQ:SKINGet Rating) last announced its earnings results on Tuesday, February 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.04. The company had revenue of $77.90 million during the quarter, compared to analysts’ expectations of $70.90 million. The company’s revenue was up 106.1% compared to the same quarter last year. On average, analysts expect Beauty Health to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NASDAQ:SKIN opened at $13.76 on Tuesday. Beauty Health has a 52-week low of $11.12 and a 52-week high of $30.17. The firm has a fifty day moving average of $16.55 and a 200 day moving average of $19.81. The company has a current ratio of 13.09, a quick ratio of 12.63 and a debt-to-equity ratio of 2.41.

A number of hedge funds have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in Beauty Health by 16.7% in the fourth quarter. State Street Corp now owns 1,588,806 shares of the company’s stock worth $38,386,000 after buying an additional 227,883 shares in the last quarter. Wells Fargo & Company MN raised its stake in Beauty Health by 436.7% in the fourth quarter. Wells Fargo & Company MN now owns 682,275 shares of the company’s stock worth $16,484,000 after buying an additional 555,158 shares in the last quarter. Norges Bank bought a new position in Beauty Health in the fourth quarter worth about $12,923,000. Bank of New York Mellon Corp raised its stake in Beauty Health by 63.7% in the third quarter. Bank of New York Mellon Corp now owns 343,550 shares of the company’s stock worth $8,922,000 after buying an additional 133,693 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in Beauty Health by 155.3% in the fourth quarter. California State Teachers Retirement System now owns 120,314 shares of the company’s stock worth $2,907,000 after buying an additional 73,187 shares in the last quarter. 72.01% of the stock is owned by institutional investors.

Several analysts have issued reports on the stock. DA Davidson upped their price target on shares of Beauty Health from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, February 23rd. William Blair assumed coverage on shares of Beauty Health in a research report on Friday, January 7th. They set an “outperform” rating for the company. Piper Sandler cut their price target on shares of Beauty Health from $31.00 to $26.00 in a research report on Thursday, April 28th. JPMorgan Chase & Co. assumed coverage on shares of Beauty Health in a research report on Friday, March 11th. They set an “overweight” rating and a $24.00 price target for the company. Finally, Benchmark upped their price target on shares of Beauty Health from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, March 14th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $27.20.

Beauty Health Company Profile (Get Rating)

The Beauty Health Company designs, develops, manufactures, markets, and sells aesthetic technologies and products worldwide. The company's flagship product includes HydraFacial that enhance the skin to cleanse, peel, exfoliate, extract, infuse, and hydrate the skin with proprietary solutions and serums.

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