Brokerages Expect Sally Beauty Holdings, Inc. (SBH) Will Post Quarterly Sales of $978.91 Million
Equities analysts expect Sally Beauty Holdings, Inc. (NYSE:SBH) to post $978.91 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Sally Beauty’s earnings, with the highest sales estimate coming in at $988.21 million and the lowest estimate coming in at $967.90 million. Sally Beauty posted sales of $966.47 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.3%. The business is expected to report its next quarterly earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Sally Beauty will report full-year sales of $978.91 million for the current year, with estimates ranging from $3.94 billion to $3.99 billion. For the next fiscal year, analysts forecast that the company will report sales of $3.98 billion per share, with estimates ranging from $3.92 billion to $4.04 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Sally Beauty.
Sally Beauty (NYSE:SBH) last issued its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $0.68 EPS for the quarter, topping the consensus estimate of $0.42 by $0.26. Sally Beauty had a net margin of 6.17% and a negative return on equity of 72.22%. The company had revenue of $994.96 million during the quarter, compared to analysts’ expectations of $990.18 million. During the same quarter in the previous year, the company earned $0.39 EPS. Sally Beauty’s revenue was down .5% on a year-over-year basis.
A number of institutional investors have recently added to or reduced their stakes in SBH. Dimensional Fund Advisors LP boosted its stake in Sally Beauty by 75.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,409,898 shares of the specialty retailer’s stock worth $28,551,000 after acquiring an additional 608,282 shares during the last quarter. First Trust Advisors LP boosted its stake in Sally Beauty by 108.9% during the 3rd quarter. First Trust Advisors LP now owns 208,589 shares of the specialty retailer’s stock worth $4,084,000 after acquiring an additional 108,723 shares during the last quarter. Aperio Group LLC boosted its stake in Sally Beauty by 8.0% during the 3rd quarter. Aperio Group LLC now owns 141,517 shares of the specialty retailer’s stock worth $2,771,000 after acquiring an additional 10,453 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Sally Beauty during the 3rd quarter worth approximately $261,000. Finally, Victory Capital Management Inc. boosted its stake in Sally Beauty by 11.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,341,842 shares of the specialty retailer’s stock worth $26,273,000 after acquiring an additional 135,410 shares during the last quarter.
Shares of Sally Beauty (SBH) opened at $17.13 on Friday. Sally Beauty has a 1 year low of $14.05 and a 1 year high of $22.12. The company has a debt-to-equity ratio of -5.17, a quick ratio of 0.38 and a current ratio of 1.97. The company has a market cap of $2,091.72, a P/E ratio of 9.46, a PEG ratio of 1.01 and a beta of 0.37.
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Sally Beauty 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.
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