Sally Beauty (NYSE:SBH) Posts Earnings Results, Misses Expectations By $0.04 EPS

Sally Beauty (NYSE:SBH - Get Free Report) posted its quarterly earnings data on Thursday. The specialty retailer reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.04), Briefing.com reports. Sally Beauty had a net margin of 4.66% and a return on equity of 37.78%. The firm had revenue of $908.36 million during the quarter, compared to the consensus estimate of $910.72 million. During the same period in the prior year, the company posted $0.41 earnings per share. The company's revenue for the quarter was down 1.1% compared to the same quarter last year. Sally Beauty updated its FY 2024 guidance to EPS.

Sally Beauty Stock Up 3.1 %

SBH traded up $0.32 during trading on Friday, hitting $10.66. 1,698,867 shares of the company's stock were exchanged, compared to its average volume of 1,171,837. The company has a quick ratio of 0.45, a current ratio of 2.20 and a debt-to-equity ratio of 1.97. The business's 50 day moving average is $11.37 and its two-hundred day moving average is $11.45. Sally Beauty has a fifty-two week low of $7.21 and a fifty-two week high of $13.91. The stock has a market cap of $1.12 billion, a P/E ratio of 6.79 and a beta of 1.49.

Analyst Upgrades and Downgrades

SBH has been the topic of a number of analyst reports. TD Cowen reduced 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. DA Davidson increased their target price on shares of Sally Beauty from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 7th. Finally, Piper Sandler cut their target price on shares of 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $12.00.

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.