Olaplex (OLPX) Scheduled to Post Quarterly Earnings on Thursday

Olaplex (NASDAQ:OLPX) will be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect Olaplex to post earnings of $0.04 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Olaplex (NASDAQ:OLPX) last released its earnings results on Tuesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. Olaplex had a net margin of 10.95% and a return on equity of 11.16%. The firm had revenue of $103.90 million during the quarter, compared to analyst estimates of $103.65 million. During the same period last year, the business earned $0.03 earnings per share. The business’s revenue was down 4.9% on a year-over-year basis. On average, analysts expect Olaplex to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Olaplex Price Performance

OLPX stock opened at $1.82 on Wednesday. The firm has a 50 day moving average price of $2.20 and a 200-day moving average price of $1.89. Olaplex has a 52-week low of $1.19 and a 52-week high of $2.98. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 26.00 and a beta of 2.47. The company has a debt-to-equity ratio of 0.75, a quick ratio of 7.85 and a current ratio of 9.27.

Insiders Place Their Bets

In related news, Director John P. Bilbrey bought 183,493 shares of the business’s stock in a transaction on Monday, August 19th. The stock was acquired at an average price of $2.05 per share, with a total value of $376,160.65. Following the transaction, the director now owns 241,593 shares in the company, valued at approximately $495,265.65. This trade represents a 300.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 4.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on OLPX. TD Cowen lifted their target price on shares of Olaplex from $1.80 to $2.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Telsey Advisory Group restated a “market perform” rating and issued a $3.00 price objective on shares of Olaplex in a report on Thursday, October 31st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $2.42.

Olaplex Company Profile

Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.