$964.63 Million in Sales Expected for Sally Beauty Holdings, Inc. (SBH) This Quarter

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Equities research analysts expect Sally Beauty Holdings, Inc. (NYSE:SBH) to report $964.63 million in sales for the current quarter, Zacks reports. Six analysts have issued estimates for Sally Beauty’s earnings. The highest sales estimate is $980.70 million and the lowest is $954.20 million. Sally Beauty reported sales of $974.20 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1%. The company is scheduled to announce its next quarterly earnings results on Wednesday, November 21st.

On average, analysts expect that Sally Beauty will report full-year sales of $3.93 billion for the current year, with estimates ranging from $3.92 billion to $3.95 billion. For the next financial year, analysts forecast that the company will post sales of $3.89 billion per share, with estimates ranging from $3.84 billion to $3.96 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Sally Beauty.

Sally Beauty (NYSE:SBH) last issued its earnings results on Thursday, August 2nd. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. Sally Beauty had a negative return on equity of 76.04% and a net margin of 6.05%. The firm had revenue of $996.28 million for the quarter, compared to analysts’ expectations of $995.30 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The business’s revenue was down .2% compared to the same quarter last year.

Several research firms recently commented on SBH. ValuEngine lowered Sally Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered Sally Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, April 18th. Bank of America lowered Sally Beauty from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $17.00 to $15.00 in a research report on Monday, July 16th. Cowen reiterated a “market perform” rating on shares of Sally Beauty in a research report on Wednesday, June 20th. They noted that the move was a valuation call. Finally, beau lowered Sally Beauty from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $17.00 to $15.00 in a research report on Tuesday, July 17th. Six analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Sally Beauty presently has an average rating of “Hold” and an average target price of $15.73.

Sally Beauty traded down $0.15, hitting $14.35, on Friday, according to Marketbeat. The company had a trading volume of 1,298,704 shares, compared to its average volume of 2,398,871. The firm has a market cap of $1.74 billion, a P/E ratio of 7.97, a P/E/G ratio of 1.20 and a beta of 0.34. Sally Beauty has a 12-month low of $13.72 and a 12-month high of $20.62. The company has a current ratio of 2.12, a quick ratio of 0.39 and a debt-to-equity ratio of -5.42.

In other Sally Beauty news, CFO Aaron E. Alt bought 3,500 shares of the company’s stock in a transaction on Tuesday, May 22nd. The stock was acquired at an average price of $15.10 per share, for a total transaction of $52,850.00. Following the completion of the transaction, the chief financial officer now directly owns 3,500 shares of the company’s stock, valued at $52,850. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Aaron E. Alt bought 4,000 shares of the company’s stock in a transaction on Monday, August 6th. The shares were acquired at an average price of $14.07 per share, with a total value of $56,280.00. Following the transaction, the chief financial officer now directly owns 69,619 shares of the company’s stock, valued at $979,539.33. The disclosure for this purchase can be found here. 0.97% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the business. Deutsche Bank AG boosted its holdings in shares of Sally Beauty by 12.4% in the fourth quarter. Deutsche Bank AG now owns 211,566 shares of the specialty retailer’s stock valued at $3,966,000 after purchasing an additional 23,364 shares during the period. Guggenheim Capital LLC boosted its holdings in shares of Sally Beauty by 27.0% in the fourth quarter. Guggenheim Capital LLC now owns 25,275 shares of the specialty retailer’s stock valued at $476,000 after purchasing an additional 5,371 shares during the period. Teachers Advisors LLC boosted its holdings in shares of Sally Beauty by 5.0% in the fourth quarter. Teachers Advisors LLC now owns 159,567 shares of the specialty retailer’s stock valued at $2,993,000 after purchasing an additional 7,602 shares during the period. MetLife Investment Advisors LLC purchased a new stake in shares of Sally Beauty in the fourth quarter valued at approximately $1,524,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Sally Beauty in the fourth quarter valued at approximately $288,000.

About Sally Beauty

Sally Beauty Holdings, Inc, together with its subsidiaries, 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, skin and nail care, beauty sundries, and styling tools for retail customers and salon professionals.

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