Sally Beauty Holdings (SBH) Expected to Announce Quarterly Sales of $996.57 Million

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Equities research analysts expect Sally Beauty Holdings (NYSE:SBH) to announce $996.57 million in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Sally Beauty’s earnings, with the highest sales estimate coming in at $1.01 billion and the lowest estimate coming in at $986.00 million. Sally Beauty reported sales of $998.04 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.1%. The company is scheduled to announce its next earnings report on Thursday, August 2nd.

On average, analysts expect that Sally Beauty will report full-year sales of $3.94 billion for the current fiscal year, with estimates ranging from $3.93 billion to $3.97 billion. For the next financial year, analysts expect that the company will post sales of $3.93 billion per share, with estimates ranging from $3.86 billion to $4.01 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Sally Beauty.

Sally Beauty (NYSE:SBH) last issued its earnings results on Thursday, May 3rd. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.02). The firm had revenue of $975.30 million during the quarter, compared to the consensus estimate of $975.33 million. Sally Beauty had a negative return on equity of 73.82% and a net margin of 6.26%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 EPS.

A number of brokerages recently weighed in on SBH. Zacks Investment Research downgraded shares of Sally Beauty from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 14th. ValuEngine downgraded shares of Sally Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. DA Davidson lowered their price objective on shares of Sally Beauty from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, March 26th. Robert W. Baird downgraded shares of Sally Beauty from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $21.00 to $17.00 in a research report on Friday, May 4th. Finally, Morgan Stanley reduced their target price on shares of Sally Beauty from $15.50 to $13.50 and set an “underweight” rating for the company in a report on Friday, May 4th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $16.90.

Sally Beauty stock traded up $0.38 during midday trading on Thursday, reaching $15.97. 2,134,300 shares of the company traded hands, compared to its average volume of 1,937,458. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 1.03 and a beta of 0.29. Sally Beauty has a 12 month low of $14.05 and a 12 month high of $21.36. The company has a quick ratio of 0.40, a current ratio of 2.11 and a debt-to-equity ratio of -5.62.

In other news, CEO Christian A. Brickman acquired 20,000 shares of Sally Beauty stock in a transaction dated Monday, May 7th. The stock was purchased at an average cost of $14.61 per share, with a total value of $292,200.00. Following the completion of the purchase, the chief executive officer now directly owns 267,705 shares in the company, valued at approximately $3,911,170.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Aaron E. Alt acquired 3,500 shares of Sally Beauty stock in a transaction dated Tuesday, May 22nd. The stock was purchased at an average cost of $15.10 per share, with a total value of $52,850.00. Following the completion of the purchase, the chief financial officer now owns 3,500 shares of the company’s stock, valued at $52,850. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 26,800 shares of company stock valued at $392,834. 1.48% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB increased its stake in shares of Sally Beauty by 41.1% in the first quarter. Xact Kapitalforvaltning AB now owns 21,634 shares of the specialty retailer’s stock worth $356,000 after purchasing an additional 6,300 shares in the last quarter. Millennium Management LLC grew its stake in Sally Beauty by 2,251.6% during the first quarter. Millennium Management LLC now owns 706,669 shares of the specialty retailer’s stock valued at $11,625,000 after acquiring an additional 676,619 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Sally Beauty during the first quarter valued at $317,000. Barclays PLC grew its stake in Sally Beauty by 121.2% during the first quarter. Barclays PLC now owns 350,646 shares of the specialty retailer’s stock valued at $5,769,000 after acquiring an additional 192,096 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new position in Sally Beauty during the first quarter valued at $451,000.

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

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