SharkNinja (SN) to Release Quarterly Earnings on Thursday

SharkNinja (NYSE:SN) is set to post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect SharkNinja to post earnings of 0.91 per share for the quarter. SharkNinja has set its FY24 guidance at $3.45-3.61 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, February 15th. The company reported 0.94 EPS for the quarter, beating the consensus estimate of 0.86 by 0.08. The company had revenue of 1.38 billion for the quarter, compared to analyst estimates of 1.31 billion. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. SharkNinja’s revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 earnings per share. On average, analysts expect SharkNinja to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

SharkNinja Price Performance

Shares of NYSE:SN opened at 66.93 on Wednesday. The company has a 50 day moving average of 60.67 and a 200-day moving average of 52.47. The company has a quick ratio of 1.06, a current ratio of 1.69 and a debt-to-equity ratio of 0.52. SharkNinja has a twelve month low of 25.84 and a twelve month high of 67.27.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SN shares. The Goldman Sachs Group lifted their price objective on shares of SharkNinja from $59.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Morgan Stanley started coverage on shares of SharkNinja in a research report on Tuesday, January 30th. They issued an “equal weight” rating and a $54.00 price target for the company. JPMorgan Chase & Co. started coverage on SharkNinja in a research report on Thursday, April 4th. They issued an “overweight” rating and a $70.00 target price for the company. Guggenheim initiated coverage on SharkNinja in a research report on Monday, February 5th. They set a “buy” rating and a $60.00 price target on the stock. Finally, UBS Group assumed coverage on SharkNinja in a research report on Monday, April 15th. They set a “buy” rating and a $76.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of 67.14.

SharkNinja Company Profile

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.