Olaplex (NASDAQ:OLPX) Issues Earnings Results, Hits Expectations

Olaplex (NASDAQ:OLPX) posted its quarterly earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03, Briefing.com reports. Olaplex had a return on equity of 11.68% and a net margin of 10.91%. The business had revenue of $98.90 million for the quarter, compared to analysts’ expectations of $95.15 million. During the same quarter in the prior year, the business earned $0.05 EPS. The firm’s revenue for the quarter was down 13.1% on a year-over-year basis.

Olaplex Stock Down 1.8 %

OLPX stock opened at $1.61 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 10.92 and a quick ratio of 9.21. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 23.00 and a beta of 2.34. The business’s fifty day moving average price is $1.67 and its two-hundred day moving average price is $1.96. Olaplex has a fifty-two week low of $1.19 and a fifty-two week high of $4.27.

Wall Street Analyst Weigh In

OLPX has been the topic of a number of research analyst reports. Piper Sandler upgraded Olaplex from an “underweight” rating to a “neutral” rating and increased their price target for the company from $1.25 to $2.00 in a research note on Tuesday, March 19th. Truist Financial dropped their price target on Olaplex from $7.00 to $3.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $2.00 price target on shares of Olaplex in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $2.59.

Olaplex Company Profile

Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.