September 30, 2022

TSL-PUB

Let your Fashion

Zacks: Brokerages Expect Sally Beauty Holdings, Inc. (NYSE:SBH) Will Post Quarterly Sales of $959.59 Million

3 min read

[ad_1]

Wall Street brokerages assume Sally Attractiveness Holdings, Inc. (NYSE:SBHGet Rating) to report profits of $959.59 million for the present quarter, according to Zacks. Four analysts have manufactured estimates for Sally Beauty’s earnings. The maximum revenue estimate is $974.63 million and the least expensive is $949.90 million. Sally Natural beauty posted income of $926.33 million through the exact same quarter past calendar year, which would reveal a positive yr above yr advancement fee of 3.6%. The business is anticipated to announce its subsequent quarterly earnings final results on Monday, January 1st.

On normal, analysts expect that Sally Attractiveness will report complete-year revenue of $4.00 billion for the latest fiscal calendar year, with estimates ranging from $3.98 billion to $4.03 billion. For the next fiscal calendar year, analysts forecast that the organization will report gross sales of $4.08 billion, with estimates ranging from $4.06 billion to $4.13 billion. Zacks’ revenue calculations are a signify typical centered on a survey of market-side exploration analysts that follow Sally Elegance.

Sally Elegance (NYSE:SBHGet Score) past posted its quarterly earnings information on Wednesday, February 2nd. The specialty retailer claimed $.63 EPS for the quarter, topping the Zacks’ consensus estimate of $.60 by $.03. Sally Attractiveness had a return on fairness of 125.54% and a internet margin of 6.42%. The agency had revenue of $980.00 million for the quarter, compared to analyst estimates of $993.34 million. For the duration of the exact quarter final year, the firm acquired $.50 EPS. The company’s profits was up 4.7% on a calendar year-around-year foundation.

A range of equities exploration analysts have weighed in on SBH shares. DA Davidson lessened their focus on rate on Sally Splendor from $22.00 to $19.50 in a report on Friday, February 4th. StockNews.com initiated coverage on Sally Beauty in a report on Thursday, March 31st. They set a “buy” ranking on the stock. 3 investigation analysts have rated the inventory with a hold ranking, 3 have assigned a buy rating and just one has assigned a strong obtain score to the company’s inventory. According to facts from MarketBeat, Sally Beauty at present has a consensus rating of “Buy” and a consensus rate target of $23.70.

Sally Magnificence stock traded up $.08 for the duration of mid-day trading on Thursday, reaching $15.92. 954,402 shares of the business had been exchanged, in comparison to its regular volume of 1,453,402. The corporation has a fifty working day simple relocating common of $16.76 and a 200-working day basic going regular of $17.68. The agency has a market cap of $1.80 billion, a PE ratio of 7.27 and a beta of 1.42. Sally Splendor has a 12 thirty day period minimal of $14.92 and a 12 thirty day period high of $25.66. The company has a financial debt-to-equity ratio of 4.92, a present ratio of 2.08 and a quick ratio of .60.

Hedge funds have not too long ago modified their holdings of the company. Dynamic Technological innovation Lab Personal Ltd bought a new posture in shares of Sally Splendor in the third quarter well worth $380,000. Blueshift Asset Management LLC bought a new posture in shares of Sally Beauty in the 3rd quarter truly worth $274,000. Geode Money Management LLC amplified its holdings in shares of Sally Splendor by .4% in the third quarter. Geode Funds Administration LLC now owns 1,845,272 shares of the specialty retailer’s stock truly worth $31,092,000 just after purchasing an additional 6,613 shares during the period of time. Balyasny Asset Administration LLC purchased a new posture in shares of Sally Beauty in the 3rd quarter really worth $1,273,000. Eventually, Marshall Wace LLP bought a new place in shares of Sally Beauty in the 3rd quarter worth $315,000.

About Sally Elegance (Get Ranking)

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of expert splendor materials. The firm operates via two segments, Sally Natural beauty Source and Splendor Systems Team. The Sally Beauty Supply segment offers beauty items, together with hair coloration and care products, pores and skin and nail care solutions, styling applications, and other attractiveness merchandise for retail buyers, salons, and salon gurus.

Read through A lot more

Get a totally free copy of the Zacks analysis report on Sally Natural beauty (SBH)

For much more facts about investigation offerings from Zacks Expense Research, take a look at Zacks.com

Earnings History and Estimates for Sally Beauty (NYSE:SBH)

Want A lot more Great Investing Concepts?

Get Information & Scores for Sally Elegance Everyday – Enter your email tackle underneath to obtain a concise day-to-day summary of the hottest information and analysts’ rankings for Sally Splendor and connected corporations with MarketBeat.com’s Free everyday e mail publication.

[ad_2]

Supply url

theskylinepub.com All rights reserved. | Newsphere by AF themes.