Sally Beauty Holdings, Inc. (NYSE:SBH) – Investment analysts at KeyCorp lifted their Q2 2018 earnings estimates for Sally Beauty in a report released on Thursday. KeyCorp analyst J. Gere now expects that the specialty retailer will post earnings per share of $0.58 for the quarter, up from their previous forecast of $0.50. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Sally Beauty’s Q3 2018 earnings at $0.65 EPS, Q4 2018 earnings at $0.59 EPS, Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.74 EPS and Q4 2019 earnings at $0.67 EPS.
Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.26. Sally Beauty had a negative return on equity of 72.22% and a net margin of 6.17%. The business had revenue of $994.96 million during the quarter, compared to analyst estimates of $990.18 million. During the same period in the previous year, the firm earned $0.39 EPS. Sally Beauty’s quarterly revenue was down .5% compared to the same quarter last year.
Sally Beauty (NYSE:SBH) opened at $16.98 on Monday. The company has a debt-to-equity ratio of -5.17, a current ratio of 1.97 and a quick ratio of 0.38. Sally Beauty has a 12-month low of $14.05 and a 12-month high of $23.50. The stock has a market capitalization of $2,200.56, a P/E ratio of 9.51, a P/E/G ratio of 1.18 and a beta of 0.42.
In other news, Director Edward W. Rabin purchased 3,750 shares of Sally Beauty stock in a transaction on Tuesday, November 21st. The stock was purchased at an average price of $15.49 per share, with a total value of $58,087.50. Following the transaction, the director now directly owns 14,351 shares in the company, valued at approximately $222,296.99. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.48% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in SBH. Alliancebernstein L.P. boosted its position in Sally Beauty by 0.6% during the 2nd quarter. Alliancebernstein L.P. now owns 88,272 shares of the specialty retailer’s stock worth $1,788,000 after acquiring an additional 490 shares during the last quarter. Teachers Advisors LLC boosted its position in Sally Beauty by 12.0% during the 2nd quarter. Teachers Advisors LLC now owns 162,023 shares of the specialty retailer’s stock worth $3,281,000 after acquiring an additional 17,413 shares during the last quarter. Northern Trust Corp boosted its position in Sally Beauty by 6.6% during the 2nd quarter. Northern Trust Corp now owns 1,441,556 shares of the specialty retailer’s stock worth $29,191,000 after acquiring an additional 89,154 shares during the last quarter. M&T Bank Corp boosted its position in Sally Beauty by 0.6% during the 2nd quarter. M&T Bank Corp now owns 10,373 shares of the specialty retailer’s stock worth $210,000 after acquiring an additional 65 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Sally Beauty by 32.6% during the 2nd quarter. Renaissance Technologies LLC now owns 735,600 shares of the specialty retailer’s stock worth $14,896,000 after acquiring an additional 181,000 shares during the last quarter.
About Sally Beauty
Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.
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