SharkNinja (NYSE:SN) Issues FY 2024 Earnings Guidance

SharkNinja (NYSE:SN) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 4.130-4.240 for the period, compared to the consensus EPS estimate of 4.250. The company issued revenue guidance of $5.3 billion-$5.3 billion, compared to the consensus revenue estimate of $5.2 billion. SharkNinja also updated its FY24 guidance to $4.13-4.24 EPS.

Analysts Set New Price Targets

SN has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their price target on SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Jefferies Financial Group lifted their price target on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on SharkNinja from $97.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Bank of America lifted their price objective on SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Finally, Canaccord Genuity Group lifted their price objective on SharkNinja from $126.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $109.05.

SharkNinja Stock Down 14.8 %

SharkNinja stock traded down $16.41 during midday trading on Thursday, hitting $94.51. 2,665,702 shares of the stock were exchanged, compared to its average volume of 1,122,473. SharkNinja has a 1 year low of $40.27 and a 1 year high of $112.93. The firm has a market cap of $13.23 billion, a P/E ratio of 56.14, a P/E/G ratio of 1.90 and a beta of 0.77. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.71 and a quick ratio of 1.04. The company has a 50 day moving average price of $103.38 and a two-hundred day moving average price of $84.57.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, August 8th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.14. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.08 billion. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The company’s revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 EPS. On average, sell-side analysts predict that SharkNinja will post 3.9 earnings per share for the current fiscal year.

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.