Sally Beauty Holdings, Inc. (SBH) Expected to Post Earnings of $0.53 Per Share

Wall Street brokerages expect Sally Beauty Holdings, Inc. (NYSE:SBH) to report $0.53 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Sally Beauty’s earnings. The highest EPS estimate is $0.57 and the lowest is $0.47. Sally Beauty posted earnings of $0.44 per share during the same quarter last year, which suggests a positive year over year growth rate of 20.5%. The firm is expected to report its next quarterly earnings results on Thursday, February 14th.

On average, analysts expect that Sally Beauty will report full-year earnings of $2.22 per share for the current fiscal year, with EPS estimates ranging from $2.14 to $2.27. For the next fiscal year, analysts expect that the company will post earnings of $2.26 per share, with EPS estimates ranging from $2.02 to $2.47. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Sally Beauty.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, November 8th. The specialty retailer reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $966.00 million for the quarter, compared to analysts’ expectations of $965.98 million. Sally Beauty had a net margin of 6.56% and a negative return on equity of 82.55%. The company’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.

Several brokerages have recently issued reports on SBH. Jefferies Financial Group set a $15.00 price target on shares of Sally Beauty and gave the stock a “sell” rating in a research report on Friday, November 9th. ValuEngine upgraded shares of Sally Beauty from a “sell” rating to a “hold” rating in a research note on Thursday, November 8th. DA Davidson increased their price target on shares of Sally Beauty to $19.00 and gave the company a “neutral” rating in a research note on Friday, November 9th. Zacks Investment Research upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Monday, November 19th. Finally, BMO Capital Markets set a $22.00 target price on shares of Sally Beauty and gave the stock a “hold” rating in a research report on Monday, November 19th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $17.22.

In related news, CFO Aaron E. Alt acquired 2,400 shares of the stock in a transaction that occurred on Tuesday, November 13th. The stock was purchased at an average cost of $20.75 per share, for a total transaction of $49,800.00. Following the purchase, the chief financial officer now directly owns 88,391 shares in the company, valued at $1,834,113.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Scott C. Sherman sold 3,100 shares of the company’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $21.72, for a total value of $67,332.00. Following the transaction, the senior vice president now owns 13,312 shares of the company’s stock, valued at $289,136.64. The disclosure for this sale can be found here. Corporate insiders own 0.97% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. acquired a new position in Sally Beauty in the 2nd quarter worth about $103,000. BlueMountain Capital Management LLC acquired a new position in shares of Sally Beauty during the 2nd quarter valued at about $106,000. Glenmede Trust Co. NA acquired a new position in shares of Sally Beauty during the 3rd quarter valued at about $191,000. Hartford Investment Management Co. bought a new stake in Sally Beauty during the 2nd quarter valued at approximately $197,000. Finally, Riverhead Capital Management LLC bought a new stake in Sally Beauty during the 3rd quarter valued at approximately $232,000.

NYSE SBH traded up $0.09 during trading hours on Tuesday, reaching $21.11. The company had a trading volume of 2,920,577 shares, compared to its average volume of 3,015,557. Sally Beauty has a 1-year low of $13.72 and a 1-year high of $23.61. The stock has a market capitalization of $2.54 billion, a P/E ratio of 9.77, a PEG ratio of 1.92 and a beta of 0.19.

About Sally Beauty

Sally Beauty Holdings, Inc, together with its subsidiaries, 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, skin and nail care, beauty sundries, and styling tools for retail customers and salon professionals.

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