Zacks: Analysts Expect Sally Beauty Holdings, Inc. (NYSE:SBH) Will Announce Quarterly Sales of $971.65 Million

Equities research analysts expect Sally Beauty Holdings, Inc. (NYSE:SBH) to announce sales of $971.65 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Sally Beauty’s earnings, with the lowest sales estimate coming in at $964.25 million and the highest estimate coming in at $977.70 million. Sally Beauty reported sales of $957.81 million during the same quarter last year, which indicates a positive year over year growth rate of 1.4%. The firm is scheduled to report its next quarterly earnings results on Thursday, November 11th.

On average, analysts expect that Sally Beauty will report full year sales of $3.85 billion for the current year, with estimates ranging from $3.85 billion to $3.86 billion. For the next year, analysts forecast that the firm will post sales of $3.94 billion, with estimates ranging from $3.86 billion to $4.02 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Sally Beauty.

Sally Beauty (NYSE:SBH) last issued its earnings results on Wednesday, July 28th. The specialty retailer reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. Sally Beauty had a return on equity of 230.45% and a net margin of 6.30%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $985.22 million.

Several analysts have recently issued reports on SBH shares. Zacks Investment Research downgraded Sally Beauty from a “buy” rating to a “hold” rating and set a $20.00 price target for the company. in a research note on Tuesday, August 3rd. DA Davidson decreased their price target on Sally Beauty from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, July 30th. Morgan Stanley decreased their price target on Sally Beauty from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, August 2nd. TheStreet upgraded Sally Beauty from a “c+” rating to a “b” rating in a research note on Thursday, July 29th. Finally, Oppenheimer upgraded Sally Beauty from a “market perform” rating to an “outperform” rating and set a $24.00 price target for the company in a research note on Tuesday, June 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.50.

NYSE SBH traded up $0.44 on Friday, reaching $16.96. The stock had a trading volume of 11,833 shares, compared to its average volume of 1,505,272. The business has a 50 day moving average price of $18.88 and a 200 day moving average price of $20.25. The company has a current ratio of 2.04, a quick ratio of 0.61 and a debt-to-equity ratio of 6.22. Sally Beauty has a 1 year low of $8.27 and a 1 year high of $25.66. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 7.79 and a beta of 1.62.

In other news, CEO Christian A. Brickman purchased 10,000 shares of the business’s stock in a transaction on Monday, August 2nd. The stock was purchased at an average price of $18.92 per share, with a total value of $189,200.00. Following the acquisition, the chief executive officer now directly owns 471,136 shares in the company, valued at approximately $8,913,893.12. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 3.10% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Prudential Financial Inc. grew its position in Sally Beauty by 0.4% during the 1st quarter. Prudential Financial Inc. now owns 130,237 shares of the specialty retailer’s stock worth $2,621,000 after acquiring an additional 489 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Sally Beauty by 12.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 4,766 shares of the specialty retailer’s stock worth $96,000 after acquiring an additional 510 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Sally Beauty by 39.5% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,234 shares of the specialty retailer’s stock worth $45,000 after acquiring an additional 632 shares during the last quarter. Profund Advisors LLC grew its position in Sally Beauty by 5.8% during the 2nd quarter. Profund Advisors LLC now owns 15,392 shares of the specialty retailer’s stock worth $340,000 after acquiring an additional 850 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its position in Sally Beauty by 6.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 16,058 shares of the specialty retailer’s stock worth $354,000 after acquiring an additional 992 shares during the last quarter.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc is an international retailer and distributor of professional beauty supplies. It operates through the following segments: Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment is an open-line and exclusive-label distributor of professional beauty supplies to both retail consumers and salon professionals primarily in North America, South America, and Europe.

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

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