Sally Beauty: Fiscal Q2 Earnings Snapshot
May 6, 2021
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DENTON, Texas (AP) Sally Beauty Holdings Inc. (SBH) on Thursday reported fiscal second-quarter profit of $38.3 million.
On a per-share basis, the Denton, Texas-based company said it had profit of 34 cents. Earnings, adjusted for non-recurring costs and restructuring costs, came to 57 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The beauty products seller posted revenue of $926.3 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $827.7 million.
Sally Beauty shares have risen 88% since the beginning of the year. The stock has more than doubled in the last 12 months.
Here Are 3 Underfollowed Names That Had Interesting Earnings Results As a value investor, it s an interesting time in Smallville for SBH, FLMN and NL.
You ve got to love earnings season. As a value investor, although I tend not to focus too much on one quarter s results, but it can still be an exciting time, especially in Smallville. Yesterday the floodgates opened, and there were a handful of interesting results among underfollowed names.
Sally Beauty Holdings (SBH) , a member of my 2021 Tax Loss Selling Recovery Portfolio, reported much better-than-expected second quarter earnings of 57 cents, well ahead of the 15 cent consensus estimate. Revenue of $926 million beat the consensus by $101 million. Same store sales rose 6.5%, while global e-commerce sales jumped 56%. SBH also made some headway on its debt, reducing it from about $1.8 billion at the end of Q4 to just under $1.6 billion as of the end of Q1. The company ended the quarter with $408 million in cash. Based on W
Why Sally Beauty Holdings Stock Is Trading Higher Today
Sally Beauty Holdings (NYSE:SBH) shares are trading higher after the company reported better-than-expected Q2 results.
Sally Beauty Holdings stock is trading up 17.59% to a price of $23.8. The stock s current volume for the day is 6.76 million, which is approximately 604.75% of its previous 30-day average volume of 1.12 million.
The 50-day moving average price of Sally Beauty Holdings s stock was $19.81 when this article was published. The stock reached a high of $21.91 and a low of $8.28 in the past 52 weeks.
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Interesting Highlights:
UnitedHealth Group (NYSE:UNH) was the largest firm by market cap to set a new 52-week high.
WVS Financial (NASDAQ:WVFC) was the smallest company when considering market cap to set a new 52-week high.
Sally Beauty Holdings (NYSE:SBH) was the biggest gainer, trading up 19.41% to reach its 52-week high.
Stocks that set new 52-week highs as of 10 a.m. ET on Thursday are as follows:
UnitedHealth Group (NYSE:UNH) shares were up 0.49% for the day, having made a 52-week high of $416.85.
Home Depot (NYSE:HD) shares set a new yearly high of $335.32 this morning. The stock was up 0.57% on the session.
Jonathan Heller's 2021 Tax Loss Selling Recovery Portfolio didn't do much in April but is soundly beating the market six months after inception as the portfolio of lovable losers keeps delivering..DBI