Sally Beauty Holdings, Inc. (NYSE:SBH) shares fell as the company reported its quarterly earnings data Tuesday.
The beauty supplies provider is slated to earn 42 cents per share when the company reports its quarterly figures later today, according to Wall Street analysts who have a “sell” rating on the company. The figure is in line with the consensus estimate determined by analysts polled by Zack’s Research.
For the same period in 2015, Sally Beauty posted earnings of 38 cents per share. Several analysts have revised their estimates on SBH stock recently, with five analysts on the “sell” side of it lowering their long term earnings per share estimates.
Over that same span, no analyst has raised its earnings expectations for the company. The fact that more analysts have lowered their expectations on the stock suggests that the company is likely to fail to meet estimates in Wall Street.
SBH stock is currently selling at $25.31 per share, and most firms expect Sally Beauty shares to sell for $29.50 over the coming 52 weeks. The most bullish of analysts expects the stock to see an increase that will put it at $32 per share for its short term target.
SBH shares have had a dismal day, with the stock plummeting 13.1%. Analysts have given the stock an average recommendation of 2.30, based on the brokerage firms that Thomson Reuters surveyed.
More From InvestorPlace
- 7 Large-Cap Stocks That Will Ruin Your Retirement
- The 7 Best Dividend Stocks to Buy for 2017
- 10 Best Cheap Stocks to Buy Now Under $10