Sally Beauty Holdings, Inc. to Post Q4 2022 Earnings of $0.57 Per Share, Jefferies Financial Group Forecasts (NYSE:SBH)

Sally Beauty Holdings, Inc. (NYSE:SBHGet Rating) – Stock analysts at Jefferies Financial Group cut their Q4 2022 earnings per share estimates for shares of Sally Beauty in a research report issued to clients and investors on Thursday, May 5th. Jefferies Financial Group analyst S. Wissink now expects that the specialty retailer will post earnings of $0.57 per share for the quarter, down from their previous estimate of $0.72. Jefferies Financial Group also issued estimates for Sally Beauty’s Q4 2023 earnings at $0.69 EPS and FY2023 earnings at $2.57 EPS.

Sally Beauty (NYSE:SBHGet Rating) last released its quarterly earnings results on Thursday, May 5th. The specialty retailer reported $0.47 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.04). The firm had revenue of $911.40 million for the quarter, compared to analysts’ expectations of $951.20 million. Sally Beauty had a net margin of 6.66% and a return on equity of 104.07%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 earnings per share.

Several other equities analysts have also commented on the stock. Cowen decreased their price objective on shares of Sally Beauty from $30.00 to $20.00 in a research report on Friday. DA Davidson decreased their price objective on shares of Sally Beauty from $22.00 to $19.50 in a research report on Friday, February 4th. Cowen decreased their price objective on shares of Sally Beauty from $30.00 to $20.00 in a research report on Friday. StockNews.com began coverage on shares of Sally Beauty in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Oppenheimer lowered shares of Sally Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $21.42.

SBH stock opened at $15.05 on Monday. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 6.63 and a beta of 1.34. The firm has a 50-day simple moving average of $16.15 and a two-hundred day simple moving average of $17.61. Sally Beauty has a one year low of $14.28 and a one year high of $25.66. The company has a debt-to-equity ratio of 5.08, a quick ratio of 0.60 and a current ratio of 2.27.

A number of large investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sally Beauty during the 3rd quarter worth approximately $380,000. Qube Research & Technologies Ltd grew its stake in shares of Sally Beauty by 29.6% during the 4th quarter. Qube Research & Technologies Ltd now owns 19,392 shares of the specialty retailer’s stock worth $358,000 after purchasing an additional 4,426 shares during the period. Blueshift Asset Management LLC acquired a new stake in shares of Sally Beauty during the 3rd quarter worth approximately $274,000. Geode Capital Management LLC grew its stake in shares of Sally Beauty by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,845,272 shares of the specialty retailer’s stock worth $31,092,000 after purchasing an additional 6,613 shares during the period. Finally, Balyasny Asset Management LLC acquired a new stake in shares of Sally Beauty during the 3rd quarter worth approximately $1,273,000.

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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Earnings History and Estimates for Sally Beauty (NYSE:SBH)

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