Zacks: Brokerages Expect Olaplex Holdings, Inc. (NASDAQ:OLPX) Will Announce Earnings of $0.13 Per Share

Brokerages expect Olaplex Holdings, Inc. (NASDAQ:OLPXGet Rating) to report earnings per share (EPS) of $0.13 for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Olaplex’s earnings. The lowest EPS estimate is $0.12 and the highest is $0.14. The firm is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Olaplex will report full year earnings of $0.54 per share for the current financial year, with EPS estimates ranging from $0.52 to $0.56. For the next fiscal year, analysts forecast that the firm will report earnings of $0.67 per share, with EPS estimates ranging from $0.59 to $0.70. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Olaplex.

Olaplex (NASDAQ:OLPXGet Rating) last posted its quarterly earnings results on Wednesday, May 11th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02.

OLPX has been the topic of a number of research analyst reports. Barclays upgraded Olaplex from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $29.00 to $17.00 in a research report on Wednesday, March 9th. Cowen cut their target price on Olaplex from $33.00 to $22.00 in a research report on Thursday. Jefferies Financial Group upgraded Olaplex from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Wednesday, February 23rd. Morgan Stanley cut their target price on Olaplex from $34.00 to $31.00 and set an “overweight” rating on the stock in a research report on Thursday, March 10th. Finally, Cowen lowered their price target on Olaplex from $33.00 to $22.00 in a report on Thursday. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $28.71.

OLPX opened at $13.80 on Friday. The business’s 50-day simple moving average is $14.95 and its 200-day simple moving average is $20.64. The company has a current ratio of 4.60, a quick ratio of 3.25 and a debt-to-equity ratio of 1.41. Olaplex has a one year low of $11.73 and a one year high of $30.41.

In other Olaplex news, CFO Eric Tiziani acquired 20,000 shares of the stock in a transaction on Thursday, March 10th. The shares were bought at an average price of $14.78 per share, with a total value of $295,600.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Olaplex by 116.9% during the 4th quarter. BlackRock Inc. now owns 13,343,209 shares of the company’s stock worth $388,687,000 after acquiring an additional 7,191,223 shares in the last quarter. Norges Bank purchased a new stake in shares of Olaplex during the 4th quarter worth approximately $225,203,000. Vanguard Group Inc. boosted its stake in shares of Olaplex by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 5,729,680 shares of the company’s stock worth $89,555,000 after acquiring an additional 249,123 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Olaplex during the 3rd quarter worth approximately $109,020,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Olaplex during the 3rd quarter worth approximately $102,712,000. 91.10% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Olaplex (NASDAQ:OLPX)

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