Sally Beauty Holdings, Inc. (NYSE:SBH) to Post Q3 2024 Earnings of $0.42 Per Share, DA Davidson Forecasts

Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) - Equities research analysts at DA Davidson issued their Q3 2024 EPS estimates for Sally Beauty in a research report issued on Wednesday, May 15th. DA Davidson analyst L. Weiser expects that the specialty retailer will post earnings per share of $0.42 for the quarter. DA Davidson currently has a "Neutral" rating and a $13.00 price target on the stock. The consensus estimate for Sally Beauty's current full-year earnings is $1.74 per share. DA Davidson also issued estimates for Sally Beauty's FY2024 earnings at $1.70 EPS and FY2025 earnings at $1.76 EPS.

Sally Beauty (NYSE:SBH - Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The specialty retailer reported $0.35 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.04). The firm had revenue of $908.36 million for the quarter, compared to analysts' expectations of $910.72 million. Sally Beauty had a return on equity of 34.23% and a net margin of 4.36%. Sally Beauty's revenue was down 1.1% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS.

A number of other equities research analysts have also recently commented on SBH. TD Cowen lowered their price objective on shares of Sally Beauty from $13.00 to $11.00 and set a "hold" rating on the stock in a research note on Wednesday, April 17th. Piper Sandler decreased their price objective on Sally Beauty from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Sally Beauty has an average rating of "Hold" and an average price target of $12.00.

Sally Beauty Price Performance

Sally Beauty stock traded up $0.35 during trading hours on Thursday, hitting $11.28. The stock had a trading volume of 1,345,591 shares, compared to its average volume of 1,427,494. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 7.67 and a beta of 1.49. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.99 and a quick ratio of 0.37. Sally Beauty has a 1-year low of $7.21 and a 1-year high of $13.91. The stock's fifty day moving average is $11.28 and its two-hundred day moving average is $11.53.

Institutional Investors Weigh In On Sally Beauty

Hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. boosted its position in shares of Sally Beauty by 1.4% in the fourth quarter. Franklin Resources Inc. now owns 58,959 shares of the specialty retailer's stock worth $783,000 after acquiring an additional 814 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of Sally Beauty by 9.8% during the 4th quarter. Ballentine Partners LLC now owns 11,716 shares of the specialty retailer's stock worth $156,000 after buying an additional 1,043 shares during the last quarter. CWM LLC raised its position in shares of Sally Beauty by 107.9% in the 4th quarter. CWM LLC now owns 2,700 shares of the specialty retailer's stock worth $36,000 after buying an additional 1,401 shares during the period. ProShare Advisors LLC boosted its holdings in Sally Beauty by 7.1% in the first quarter. ProShare Advisors LLC now owns 21,589 shares of the specialty retailer's stock valued at $268,000 after acquiring an additional 1,426 shares during the last quarter. Finally, DGS Capital Management LLC grew its position in Sally Beauty by 4.3% during the first quarter. DGS Capital Management LLC now owns 43,743 shares of the specialty retailer's stock valued at $543,000 after acquiring an additional 1,810 shares during the period.

Sally Beauty Company Profile

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 products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.