Olaplex (NASDAQ:OLPX) Issues Quarterly Earnings Results, Hits Expectations

Olaplex (NASDAQ:OLPX - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03, Briefing.com reports. The firm had revenue of $98.90 million during the quarter, compared to analysts' expectations of $95.15 million. Olaplex had a net margin of 13.44% and a return on equity of 13.09%. The company's revenue was down 13.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.05 EPS.

Olaplex Trading Down 1.8 %

OLPX traded down $0.03 during trading on Friday, hitting $1.61. The company's stock had a trading volume of 1,534,229 shares, compared to its average volume of 2,067,517. The firm has a market capitalization of $1.06 billion, a P/E ratio of 18.22 and a beta of 2.34. Olaplex has a twelve month low of $1.19 and a twelve month high of $4.27. The stock's fifty day moving average price is $1.68 and its 200-day moving average price is $1.96. The company has a quick ratio of 9.21, a current ratio of 10.92 and a debt-to-equity ratio of 0.77.

Analyst Upgrades and Downgrades

OLPX has been the subject of a number of recent research reports. Truist Financial decreased their price objective on Olaplex from $7.00 to $3.00 and set a "buy" rating for the company in a report on Monday, March 4th. Telsey Advisory Group restated a "market perform" rating and set a $2.00 price objective on shares of Olaplex in a research report on Thursday. Finally, Piper Sandler upgraded Olaplex from an "underweight" rating to a "neutral" rating and upped their target price for the company from $1.25 to $2.00 in a report on Tuesday, March 19th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Olaplex has a consensus rating of "Hold" and an average price target of $2.59.

About Olaplex

Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.

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