Sally Beauty Holdings, Inc. (SBH) Expected to Announce Earnings of $0.58 Per Share

Equities analysts expect Sally Beauty Holdings, Inc. (NYSE:SBH) to report earnings per share of $0.58 for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Sally Beauty’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.60. Sally Beauty posted earnings per share of $0.60 during the same quarter last year, which would indicate a negative year over year growth rate of 3.3%. The firm is scheduled to issue its next quarterly earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Sally Beauty will report full-year earnings of $2.19 per share for the current year, with EPS estimates ranging from $2.14 to $2.22. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.20 per share, with EPS estimates ranging from $1.99 to $2.29. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Sally Beauty.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Wednesday, May 1st. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The company had revenue of $945.90 million during the quarter, compared to the consensus estimate of $964.08 million. Sally Beauty had a net margin of 6.28% and a negative return on equity of 110.97%. The business’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 earnings per share.

A number of analysts have issued reports on SBH shares. BMO Capital Markets upgraded shares of Sally Beauty to a “market perform” rating and set a $17.00 price target on the stock in a report on Friday, May 3rd. ValuEngine downgraded shares of Sally Beauty from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. DA Davidson dropped their price objective on shares of Sally Beauty to $16.50 and set a “neutral” rating for the company in a research note on Tuesday, May 7th. Bank of America reissued an “underperform” rating and issued a $16.00 price objective (down from $19.00) on shares of Sally Beauty in a research note on Thursday, May 2nd. Finally, Zacks Investment Research cut shares of Sally Beauty from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Six research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Sally Beauty presently has a consensus rating of “Sell” and a consensus price target of $16.31.

NYSE SBH traded down $0.91 on Thursday, reaching $15.00. The company had a trading volume of 2,016,000 shares, compared to its average volume of 1,557,721. The company has a market cap of $1.92 billion, a P/E ratio of 6.94, a P/E/G ratio of 1.89 and a beta of 0.54. Sally Beauty has a 12 month low of $13.72 and a 12 month high of $23.61.

In other news, Director Edward W. Rabin purchased 5,500 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average cost of $16.38 per share, with a total value of $90,090.00. Following the purchase, the director now owns 19,732 shares in the company, valued at $323,210.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christian A. Brickman purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were purchased at an average cost of $14.93 per share, with a total value of $74,650.00. Following the completion of the purchase, the chief executive officer now owns 360,332 shares in the company, valued at approximately $5,379,756.76. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 22,000 shares of company stock valued at $351,135. 1.04% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in SBH. BlackRock Inc. boosted its position in Sally Beauty by 1.7% in the 4th quarter. BlackRock Inc. now owns 14,219,957 shares of the specialty retailer’s stock valued at $242,451,000 after buying an additional 238,504 shares during the period. ArrowMark Colorado Holdings LLC boosted its position in Sally Beauty by 6.6% in the 1st quarter. ArrowMark Colorado Holdings LLC now owns 11,453,215 shares of the specialty retailer’s stock valued at $210,854,000 after buying an additional 708,786 shares during the period. Champlain Investment Partners LLC boosted its position in Sally Beauty by 13.1% in the 1st quarter. Champlain Investment Partners LLC now owns 8,444,630 shares of the specialty retailer’s stock valued at $155,466,000 after buying an additional 976,690 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in Sally Beauty by 4.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,110,066 shares of the specialty retailer’s stock valued at $75,667,000 after buying an additional 184,474 shares during the period. Finally, LSV Asset Management boosted its position in Sally Beauty by 0.8% in the 1st quarter. LSV Asset Management now owns 3,229,545 shares of the specialty retailer’s stock valued at $59,455,000 after buying an additional 24,700 shares during the period.

About Sally Beauty

Sally Beauty Holdings, Inc 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, styling tools, and other beauty products for retail customers and salon professionals.

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

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