TD Cowen Maintains Buy on Sally Beauty Holdings, Raises Price Target to $19
TD Cowen analyst Oliver Chen maintains Sally Beauty Holdings (NYSE:SBH) with a Buy and raises the price target from $17 to $19.
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Sally Beauty Holdings Q3 Adj. EPS $0.55 Beats $0.53 Estimate, Sales $935.490M Miss $939.275M Estimate
Sally Beauty Holdings (NYSE:SBH) reported quarterly earnings of $0.55 per share which beat the analyst consensus estimate of $0.53 by 3.77 percent. This is a 7.84 percent increase over earnings of $0.51 per share from
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Why Sally Beauty Stock Popped Today
Sally Beauty Holdings reported progress in its turnaround strategy with net sales up 0.2% to $935 million in Q3, comparable sales growth of 1.6%, and strong e-commerce performance with online sales up 11%. The company improved profit margins, generated $62 million in free cash flow, and increased adjusted EPS by 8% to $0.55. Management projects full-year sales of $3.7 billion and EPS of $2.04-$2.08, with plans to expand into new categories like fragrances and men's products.
Read original at the-motley-foolSally Beauty Holdings shares are trading higher after the company reported better-than-expected Q3 adjusted EPS results.
Read original at benzingaCNH Industrial Posts Upbeat Q2 Earnings, Joins Autolus Therapeutics, Bowhead Specialty Holdings And Other Big Stocks Moving Higher On Monday
Dow Jones index gained 600 points, CNH Industrial rose 16% after reporting better-than-expected Q2 results, other stocks also recording gains.
Read original at benzinga