SharkNinja (NYSE:SN) Issues Quarterly Earnings Results

Key Points

• SharkNinja reported earnings of $0.97 per share for the quarter, exceeding the consensus estimate of $0.78, and achieved a revenue of $1.44 billion, surpassing expectations of $1.38 billion.
• The company updated its FY 2025 guidance, projecting earnings per share in the range of $5.000 to $5.100.
• Several analysts have upgraded SharkNinja's stock, with price targets now ranging from $127.00 to $175.00, reflecting a generally favorable outlook.

SharkNinja (NYSE:SN - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.19, Briefing.com reports. SharkNinja had a return on equity of 29.85% and a net margin of 8.82%. The company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the previous year, the firm posted $0.71 earnings per share. The firm's revenue for the quarter was up 15.7% on a year-over-year basis. SharkNinja updated its FY 2025 guidance to 5.000-5.100 EPS.

SharkNinja Trading Up 0.8%

Shares of SN traded up $0.95 during mid-day trading on Friday, reaching $116.15. 1,888,208 shares of the company's stock traded hands, compared to its average volume of 1,394,894. The stock has a market cap of $16.38 billion, a P/E ratio of 31.73, a P/E/G ratio of 2.24 and a beta of 1.69. The stock's 50-day moving average is $103.51 and its two-hundred day moving average is $96.47. SharkNinja has a 12 month low of $60.50 and a 12 month high of $128.51. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.97 and a quick ratio of 1.17.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its holdings in shares of SharkNinja by 169.4% in the first quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company's stock valued at $42,147,000 after purchasing an additional 317,730 shares during the period. Royal Bank of Canada boosted its holdings in shares of SharkNinja by 21.8% in the first quarter. Royal Bank of Canada now owns 71,872 shares of the company's stock valued at $5,995,000 after purchasing an additional 12,851 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of SharkNinja by 7.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company's stock valued at $4,238,000 after purchasing an additional 3,632 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of SharkNinja in the first quarter valued at approximately $656,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of SharkNinja in the first quarter valued at approximately $369,000. Institutional investors own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

SN has been the topic of several analyst reports. Canaccord Genuity Group boosted their price objective on SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Oppenheimer boosted their price objective on SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Wall Street Zen raised SharkNinja from a "hold" rating to a "buy" rating in a research note on Saturday. JPMorgan Chase & Co. boosted their price objective on SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Finally, Jefferies Financial Group set a $175.00 price objective on SharkNinja in a research note on Monday, June 30th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $129.13.

About SharkNinja

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.

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