Olaplex (NASDAQ:OLPX - Get Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect Olaplex to post earnings of $0.03 per share for the quarter. Olaplex has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Parties that are interested in participating in the company's conference call can do so using this link.
Olaplex (NASDAQ:OLPX - Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $111.72 million for the quarter, compared to analyst estimates of $108.29 million. Olaplex had a net margin of 13.44% and a return on equity of 13.09%. Olaplex's quarterly revenue was down 14.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 EPS. On average, analysts expect Olaplex to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Olaplex Stock Down 2.2 %
NASDAQ OLPX traded down $0.03 on Thursday, reaching $1.32. The company had a trading volume of 1,914,757 shares, compared to its average volume of 2,059,761. The company has a debt-to-equity ratio of 0.77, a quick ratio of 9.21 and a current ratio of 10.92. The firm has a market capitalization of $873.00 million, a price-to-earnings ratio of 14.67 and a beta of 2.28. The company's fifty day moving average is $1.74 and its 200-day moving average is $1.97. Olaplex has a 1-year low of $1.19 and a 1-year high of $4.27.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on OLPX. Telsey Advisory Group reissued a "market perform" rating and set a $2.00 target price on shares of Olaplex in a report on Friday, April 5th. Piper Sandler raised shares of Olaplex from an "underweight" rating to a "neutral" rating and raised their target price for the company from $1.25 to $2.00 in a report on Tuesday, March 19th. Finally, Truist Financial lowered their target price on Olaplex from $7.00 to $3.00 and set a "buy" rating for the company in a research note on Monday, March 4th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $2.59.
View Our Latest Analysis on OLPX
Olaplex Company Profile
(
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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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