Equities analysts predict that Sally Beauty Holdings, Inc. (NYSE:SBH) will announce earnings per share (EPS) of $0.56 for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Sally Beauty’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.53. Sally Beauty posted earnings of $0.44 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 27.3%. The company is expected to report its next earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Sally Beauty will report full-year earnings of $2.37 per share for the current financial year, with EPS estimates ranging from $2.09 to $2.50. For the next fiscal year, analysts forecast that the firm will report earnings of $2.42 per share, with EPS estimates ranging from $2.13 to $2.67. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Sally Beauty.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.26. Sally Beauty had a negative return on equity of 72.22% and a net margin of 6.17%. The company had revenue of $994.96 million for the quarter, compared to analysts’ expectations of $990.18 million. During the same period last year, the firm earned $0.39 earnings per share. Sally Beauty’s quarterly revenue was down .5% on a year-over-year basis.

SBH has been the topic of a number of analyst reports. ValuEngine cut Sally Beauty from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research cut Sally Beauty from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. BMO Capital Markets cut their target price on Sally Beauty from $21.00 to $16.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 15th. Robert W. Baird set a $21.00 target price on Sally Beauty and gave the stock a “buy” rating in a research report on Friday, December 22nd. Finally, Morgan Stanley cut Sally Beauty from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $17.50.

In related news, Director Edward W. Rabin purchased 3,750 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were purchased at an average price of $15.49 per share, with a total value of $58,087.50. Following the completion of the acquisition, the director now directly owns 14,351 shares in the company, valued at approximately $222,296.99. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.97% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SBH. ArrowMark Colorado Holdings LLC boosted its holdings in Sally Beauty by 10.4% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 10,962,148 shares of the specialty retailer’s stock valued at $205,650,000 after purchasing an additional 1,028,943 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Sally Beauty by 1.9% in the 3rd quarter. Nordea Investment Management AB now owns 6,169,915 shares of the specialty retailer’s stock valued at $120,807,000 after purchasing an additional 112,801 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Sally Beauty by 10.1% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 5,666,809 shares of the specialty retailer’s stock valued at $110,956,000 after purchasing an additional 518,520 shares in the last quarter. Burgundy Asset Management Ltd. boosted its holdings in Sally Beauty by 42.9% in the 4th quarter. Burgundy Asset Management Ltd. now owns 4,443,536 shares of the specialty retailer’s stock valued at $83,361,000 after purchasing an additional 1,332,952 shares in the last quarter. Finally, State Street Corp boosted its holdings in Sally Beauty by 0.4% in the 2nd quarter. State Street Corp now owns 4,039,329 shares of the specialty retailer’s stock valued at $81,789,000 after purchasing an additional 14,768 shares in the last quarter.

Shares of Sally Beauty (NYSE:SBH) opened at $17.36 on Monday. Sally Beauty has a 52 week low of $14.05 and a 52 week high of $23.50. The company has a quick ratio of 0.38, a current ratio of 1.97 and a debt-to-equity ratio of -5.17. The firm has a market capitalization of $2,124.24, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 1.08 and a beta of 0.42.

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About Sally Beauty

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

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