Q3 2022 Earnings Forecast for Sally Beauty Holdings, Inc. Issued By Oppenheimer (NYSE:SBH)

Sally Beauty Holdings, Inc. (NYSE:SBHGet Rating) – Research analysts at Oppenheimer reduced their Q3 2022 earnings per share (EPS) estimates for shares of Sally Beauty in a report released on Thursday, August 4th. Oppenheimer analyst R. Parikh now forecasts that the specialty retailer will post earnings per share of $0.55 for the quarter, down from their prior estimate of $0.60. Oppenheimer currently has a “Market Perform” rating on the stock. The consensus estimate for Sally Beauty’s current full-year earnings is $2.29 per share. Oppenheimer also issued estimates for Sally Beauty’s FY2022 earnings at $2.14 EPS and FY2023 earnings at $2.20 EPS.

Sally Beauty (NYSE:SBHGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The specialty retailer reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.04). Sally Beauty had a return on equity of 104.07% and a net margin of 6.66%. The firm had revenue of $961.47 million for the quarter, compared to analyst estimates of $950.97 million. During the same period in the prior year, the firm posted $0.68 EPS. The business’s revenue was down 6.0% compared to the same quarter last year.

SBH has been the subject of several other research reports. Cowen cut their price target on Sally Beauty from $30.00 to $20.00 in a research note on Friday, May 6th. Morgan Stanley lowered Sally Beauty from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $19.00 to $12.00 in a research note on Thursday, June 16th. TheStreet lowered Sally Beauty from a “b-” rating to a “c+” rating in a research note on Thursday, June 23rd. Raymond James lowered Sally Beauty from a “market perform” rating to an “underperform” rating in a

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