Helen of Troy Limited (NASDAQ:HELE) Expected to Post Quarterly Sales of $472.22 Million – MarketBeat
Equities analysts predict that Helen of Troy Limited (NASDAQ:HELE – Get Rating) will report sales of $472.22 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Helen of Troy’s earnings, with the lowest sales estimate coming in at $471.24 million and the highest estimate coming in at $473.20 million. Helen of Troy posted sales of $509.38 million in the same quarter last year, which suggests a negative year over year growth rate of 7.3%. The firm is expected to report its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Helen of Troy will report full-year sales of $2.11 billion for the current fiscal year. For the next year, analysts forecast that the business will post sales of $2.35 billion, with estimates ranging from $2.31 billion to $2.40 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Helen of Troy.
Helen of Troy (NASDAQ:HELE – Get Rating) last announced its earnings results on Thursday, January 6th. The company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.54. The company had revenue of $624.80 million during the quarter, compared to the consensus estimate of $554.23 million. Helen of Troy had a return on equity of 19.61% and a net margin of 9.58%. The company’s revenue was down 2.0% on a year-over-year basis. During the same period last year, the firm earned $3.76 earnings per share.
Several equities analysts have recently commented on HELE shares. DA Davidson reduced their price target on shares of Helen of Troy from $266.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, January 7th. Zacks Investment Research cut shares of Helen of Troy from a “strong-buy” rating to a “hold” rating and set a $216.00 price target on the stock. in a research report on Tuesday, March 8th. Finally, Sidoti raised shares of Helen of Troy from a “neutral” rating to a “buy” rating and set a $263.00 price target on the stock in a research report on Monday, February 7th.
Shares of Helen of Troy stock opened at $195.52 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.86 and a quick ratio of 0.93. Helen of Troy has a 1-year low of $192.90 and a 1-year high of $256.26. The business has a 50-day moving average of $207.43 and a 200-day moving average of $226.45. The company has a market capitalization of $4.72 billion, a PE ratio of 23.22, a P/E/G ratio of 2.29 and a beta of 0.84.
A number of hedge funds and other institutional investors have recently modified their holdings of HELE. Allspring Global Investments Holdings LLC bought a new position in Helen of Troy in the fourth quarter worth about $263,020,000. Janus Henderson Group PLC bought a new stake in shares of Helen of Troy during the third quarter valued at approximately $119,979,000. Capital International Investors raised its holdings in shares of Helen of Troy by 37.8% during the fourth quarter. Capital International Investors now owns 1,416,328 shares of the company’s stock valued at $346,250,000 after buying an additional 388,569 shares during the last quarter. Norges Bank bought a new stake in shares of Helen of Troy during the fourth quarter valued at approximately $41,992,000. Finally, Cooke & Bieler LP raised its holdings in shares of Helen of Troy by 13.4% during the third quarter. Cooke & Bieler LP now owns 1,351,011 shares of the company’s stock valued at $303,545,000 after buying an additional 159,776 shares during the last quarter.
Helen of Troy Company Profile (Get Rating)
Helen of Troy Limited designs, develops, …….