KeyCorp Comments on Sally Beauty Holdings, Inc.’s FY2017 Earnings (SBH)

Sally Beauty Holdings, Inc. (NYSE:SBH) – Stock analysts at KeyCorp increased their FY2017 earnings per share (EPS) estimates for shares of Sally Beauty Holdings in a research note issued to investors on Thursday. KeyCorp analyst J. Gere now forecasts that the specialty retailer will post earnings per share of $1.84 for the year, up from their previous estimate of $1.78. KeyCorp also issued estimates for Sally Beauty Holdings’ Q4 2017 earnings at $0.49 EPS, Q1 2018 earnings at $0.48 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.53 EPS and FY2018 earnings at $2.04 EPS.

Sally Beauty Holdings (NYSE:SBH) last issued its earnings results on Thursday, August 3rd. The specialty retailer reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The business had revenue of $998.04 million during the quarter, compared to analysts’ expectations of $1 billion. Sally Beauty Holdings had a negative return on equity of 80.60% and a net margin of 5.89%. Sally Beauty Holdings’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share.

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A number of other equities analysts have also recently issued reports on SBH. Robert W. Baird set a $26.00 target price on Sally Beauty Holdings and gave the stock a “buy” rating in a report on Saturday, May 6th. BidaskClub upgraded Sally Beauty Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 31st. BMO Capital Markets set a $21.00 target price on Sally Beauty Holdings and gave the stock a “hold” rating in a report on Saturday. DA Davidson reiterated a “buy” rating and set a $23.00 target price on shares of Sally Beauty Holdings in a report on Monday, July 24th. Finally, Zacks Investment Research upgraded Sally Beauty Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Sally Beauty Holdings presently has an average rating of “Hold” and a consensus target price of $25.22.

Shares of Sally Beauty Holdings (NYSE SBH) opened at 21.14 on Monday. The firm has a market cap of $2.93 billion, a PE ratio of 13.11 and a beta of 0.65. The company’s 50-day moving average price is $19.73 and its 200-day moving average price is $20.55. Sally Beauty Holdings has a 52-week low of $17.26 and a 52-week high of $30.17.

In other news, Director John A. Miller bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was acquired at an average cost of $18.35 per share, for a total transaction of $367,000.00. Following the purchase, the director now owns 39,802 shares of the company’s stock, valued at approximately $730,366.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert R. Mcmaster bought 5,500 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was purchased at an average price of $18.03 per share, with a total value of $99,165.00. Following the completion of the purchase, the insider now directly owns 40,630 shares in the company, valued at approximately $732,558.90. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 51,750 shares of company stock valued at $932,060. Company insiders own 0.97% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. US Bancorp DE increased its stake in shares of Sally Beauty Holdings by 227.6% in the second quarter. US Bancorp DE now owns 5,100 shares of the specialty retailer’s stock valued at $103,000 after buying an additional 3,543 shares during the period. Meadow Creek Investment Management LLC increased its stake in shares of Sally Beauty Holdings by 11.8% in the first quarter. Meadow Creek Investment Management LLC now owns 5,852 shares of the specialty retailer’s stock valued at $120,000 after buying an additional 616 shares during the period. Cutler Group LP increased its stake in shares of Sally Beauty Holdings by 577.0% in the first quarter. Cutler Group LP now owns 6,391 shares of the specialty retailer’s stock valued at $130,000 after buying an additional 5,447 shares during the period. Glen Harbor Capital Management LLC increased its stake in shares of Sally Beauty Holdings by 11.8% in the first quarter. Glen Harbor Capital Management LLC now owns 7,448 shares of the specialty retailer’s stock valued at $152,000 after buying an additional 784 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Sally Beauty Holdings by 37.7% in the first quarter. PNC Financial Services Group Inc. now owns 7,763 shares of the specialty retailer’s stock valued at $158,000 after buying an additional 2,125 shares during the period.

Sally Beauty Holdings Company Profile

Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.

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

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