Olaplex (OLPX) Set to Announce Earnings on Thursday

Olaplex (NASDAQ:OLPX) is set to announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Olaplex has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Olaplex (NASDAQ:OLPX) last posted its earnings results on Thursday, February 29th. The company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. Olaplex had a net margin of 13.44% and a return on equity of 13.09%. The company had revenue of $111.72 million for the quarter, compared to analysts’ expectations of $108.29 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. Olaplex’s revenue for the quarter was down 14.5% compared to the same quarter last year. On average, analysts expect Olaplex to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Olaplex Trading Up 7.1 %

NASDAQ OLPX opened at $1.35 on Thursday. The firm’s 50-day moving average is $1.76 and its two-hundred day moving average is $1.98. Olaplex has a 12 month low of $1.19 and a 12 month high of $4.27. The company has a debt-to-equity ratio of 0.77, a current ratio of 10.92 and a quick ratio of 9.21. The stock has a market capitalization of $892.84 million, a P/E ratio of 15.00 and a beta of 2.28.

Analyst Ratings Changes

Several analysts have recently issued reports on OLPX shares. Piper Sandler raised shares of Olaplex from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $1.25 to $2.00 in a research report on Tuesday, March 19th. Truist Financial reduced their price target on shares of Olaplex from $7.00 to $3.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $2.00 price target on shares of Olaplex in a research report on Friday, April 5th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $2.59.

About Olaplex

Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.