Sally Beauty Holdings Inc. Forecasted to Earn Q1 2017 Earnings of $0.46 Per Share (SBH)
Sally Beauty Holdings Inc. (NYSE:SBH) – Stock analysts at KeyCorp dropped their Q1 2017 earnings per share estimates for shares of Sally Beauty Holdings in a research report issued on Monday. KeyCorp analyst J. Gere now forecasts that the brokerage will post earnings per share of $0.46 for the quarter, down from their prior forecast of $0.47. KeyCorp currently has a “Overweight” rating and a $30.00 price objective on the stock. KeyCorp also issued estimates for Sally Beauty Holdings’ Q4 2017 earnings at $0.47 EPS.
Sally Beauty Holdings (NYSE:SBH) last announced its earnings results on Thursday, August 4th. The company reported $0.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.47. The firm earned $998 million during the quarter, compared to analyst estimates of $1,000 million. Sally Beauty Holdings had a net margin of 5.75% and a negative return on equity of 81.78%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 EPS.
A number of other brokerages have also weighed in on SBH. Zacks Investment Research upgraded shares of Sally Beauty Holdings from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Tuesday, July 12th. B. Riley reaffirmed a “neutral” rating and set a $30.00 price target on shares of Sally Beauty Holdings in a research note on Sunday, August 14th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $35.00 price target on shares of Sally Beauty Holdings in a research note on Thursday, September 15th. Piper Jaffray Cos. reaffirmed a “hold” rating and set a $27.00 price target on shares of Sally Beauty Holdings in a research note on Friday, September 30th. Finally, Cowen and Company set a $29.00 price target on shares of Sally Beauty Holdings and gave the company a “buy” rating in a research note on Thursday, September 29th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $31.38.
Shares of Sally Beauty Holdings (NYSE:SBH) traded up 0.750% during trading on Wednesday, reaching $26.185. 440,714 shares of the company were exchanged. Sally Beauty Holdings has a 52-week low of $21.94 and a 52-week high of $32.93. The stock’s 50-day moving average is $26.61 and its 200-day moving average is $28.65. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 17.468 and a beta of 0.81.
In other Sally Beauty Holdings news, insider Mark Gregory Spinks sold 6,492 shares of Sally Beauty Holdings stock in a transaction on Monday, August 8th. The shares were sold at an average price of $26.37, for a total value of $171,194.04. Following the completion of the sale, the insider now directly owns 7,530 shares of the company’s stock, valued at $198,566.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.18% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of SBH. Chevy Chase Trust Holdings Inc. acquired a new position in shares of Sally Beauty Holdings during the second quarter worth about $205,000. Pacer Advisors Inc. boosted its position in shares of Sally Beauty Holdings by 505.7% in the second quarter. Pacer Advisors Inc. now owns 7,075 shares of the company’s stock worth $208,000 after buying an additional 5,907 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Sally Beauty Holdings by 45.7% in the first quarter. Meeder Asset Management Inc. now owns 7,083 shares of the company’s stock worth $229,000 after buying an additional 2,223 shares in the last quarter. Reliance Trust Co. of Delaware boosted its position in shares of Sally Beauty Holdings by 17.5% in the second quarter. Reliance Trust Co. of Delaware now owns 8,388 shares of the company’s stock worth $247,000 after buying an additional 1,247 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its position in shares of Sally Beauty Holdings by 9.9% in the second quarter. Raymond James Trust N.A. now owns 8,446 shares of the company’s stock worth $249,000 after buying an additional 760 shares in the last quarter.
About Sally Beauty Holdings
Sally Beauty Holdings, Inc (Sally Beauty) is a retailer and distributor of beauty supplies. The Company operates in North America, South America and Europe. Sally Beauty operates through two business segments namely Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty provides its customers with a variety of third-party branded beauty supplies, including hair color products, hair care products, styling appliances, brushes, nail care products, ethnic products and beauty items.
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