Helen of Troy (HELE) Releases FY 2019 Earnings Guidance

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Helen of Troy (NASDAQ:HELE) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $7.70-7.95 for the period, compared to the Thomson Reuters consensus estimate of $7.84. The company issued revenue guidance of $1.535-1.55 billion, compared to the consensus revenue estimate of $1.56 billion.Helen of Troy also updated its FY19 guidance to $7.70-7.95 EPS.

A number of brokerages recently issued reports on HELE. BidaskClub cut Helen of Troy from a strong-buy rating to a buy rating in a report on Thursday. Zacks Investment Research cut Helen of Troy from a strong-buy rating to a hold rating in a report on Tuesday, December 11th. DA Davidson reaffirmed a buy rating and issued a $148.00 price target on shares of Helen of Troy in a report on Wednesday, October 10th. Finally, Bank of America set a $151.00 price target on Helen of Troy and gave the company a buy rating in a report on Monday, November 19th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $141.67.

NASDAQ:HELE opened at $111.88 on Thursday. Helen of Troy has a twelve month low of $81.10 and a twelve month high of $145.46. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 3.08 and a beta of 0.82. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.18 and a current ratio of 2.14.

Helen of Troy (NASDAQ:HELE) last released its quarterly earnings results on Tuesday, January 8th. The company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.24. Helen of Troy had a return on equity of 19.39% and a net margin of 7.00%. The firm had revenue of $431.10 million for the quarter, compared to analysts’ expectations of $425.76 million. During the same quarter last year, the firm posted $2.52 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. As a group, research analysts expect that Helen of Troy will post 7.08 earnings per share for the current fiscal year.

In related news, Director Gary B. Abromovitz sold 640 shares of the firm’s stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $123.00, for a total transaction of $78,720.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gary B. Abromovitz sold 500 shares of the firm’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $125.25, for a total value of $62,625.00. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

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Helen of Troy Company Profile

Helen of Troy Limited designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. It operates in three segments: Housewares, Health & Home, and Beauty. The Housewares segment offers food and beverage preparation tools and gadgets, storage containers, and organization products; household cleaning products, and shower organization, bathroom accessories, and gardening products; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; and insulated water bottles, jugs, drinkware, travel mugs, and food containers.

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