Q3 Earnings Estimate for SharkNinja Issued By William Blair

SharkNinja, Inc. (NYSE:SN) – Equities research analysts at William Blair increased their Q3 2024 earnings estimates for shares of SharkNinja in a report released on Thursday, October 24th. William Blair analyst P. Blee now forecasts that the company will post earnings of $1.03 per share for the quarter, up from their prior estimate of $0.98. The consensus estimate for SharkNinja’s current full-year earnings is $3.89 per share. William Blair also issued estimates for SharkNinja’s Q4 2024 earnings at $1.30 EPS and FY2024 earnings at $3.91 EPS.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.14. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the firm earned $0.46 EPS. The business’s quarterly revenue was up 31.4% on a year-over-year basis.

Several other equities analysts also recently weighed in on the company. Guggenheim boosted their target price on SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Canaccord Genuity Group upped their price objective on SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Oppenheimer started coverage on SharkNinja in a report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 target price for the company. The Goldman Sachs Group upped their price objective on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Jefferies Financial Group upped their price objective on SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $105.25.

SharkNinja Stock Down 1.6 %

NYSE SN opened at $107.79 on Friday. The stock’s 50 day moving average is $101.46 and its 200 day moving average is $82.93. The company has a current ratio of 1.71, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46. SharkNinja has a 12 month low of $38.69 and a 12 month high of $112.65. The stock has a market cap of $15.08 billion, a PE ratio of 61.95, a P/E/G ratio of 1.91 and a beta of 0.77.

Institutional Trading of SharkNinja

Institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC raised its stake in SharkNinja by 104.6% during the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after acquiring an additional 182 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in SharkNinja during the 3rd quarter worth approximately $65,000. Headlands Technologies LLC acquired a new position in SharkNinja during the 1st quarter worth approximately $66,000. Picton Mahoney Asset Management acquired a new position in SharkNinja during the 2nd quarter worth approximately $70,000. Finally, Kessler Investment Group LLC acquired a new position in SharkNinja during the 2nd quarter worth approximately $125,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

About SharkNinja

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.