For its second fiscal quarter (ending March 31), Sally Beauty Holdings Inc (NYSE: SBH) has reported a -26% decline in E.P.S. from $0.38 a year ago to $0.28 in the current quarter. This result fell short of the consensus estimate of $0.43 by $-0.15. E.P.S. were $1.51 for the latest four quarters through March 31 versus $1.49 for the same period a year ago — an increase of 1%.
Recent Price Action
On 5/9/24, Sally Beauty Holdings Inc (NYSE: SBH) stock declined by -4.4%, closing at $10.34. Moreover, unusually high trading volume at 159% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.3% during the last week.
Current PriceTarget Research Rating
SBH is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Sally Beauty Holdings has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Sally Beauty Holdings has a good Power Rating of 82 and a very high Appreciation Score of 86, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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