SharkNinja (SN) Scheduled to Post Quarterly Earnings on Thursday

SharkNinja (NYSE:SN) is set to post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect SharkNinja to post earnings of $1.04 per share for the quarter. SharkNinja has set its FY 2024 guidance at 4.050-4.210 EPS.Investors that wish to register for the company’s conference call can do so using this link.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.71 earnings per share (EPS) 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 business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the business earned $0.46 EPS. The company’s quarterly revenue was up 31.4% on a year-over-year basis. On average, analysts expect SharkNinja to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

SharkNinja Stock Performance

NYSE SN opened at $111.17 on Tuesday. SharkNinja has a 1 year low of $40.27 and a 1 year high of $112.65. The firm has a market cap of $15.56 billion, a price-to-earnings ratio of 63.89, a PEG ratio of 1.90 and a beta of 0.77. The company has a fifty day moving average price of $102.57 and a 200-day moving average price of $84.04. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.71 and a quick ratio of 1.04.

Analysts Set New Price Targets

SN has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on SharkNinja from $97.00 to $128.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Bank of America lifted their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Guggenheim raised their price target on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Jefferies Financial Group lifted their target price on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Canaccord Genuity Group raised their price target on shares of SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $109.05.

SharkNinja Company Profile

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.