SharkNinja (NYSE:SN) Issues Earnings Results

SharkNinja (NYSE:SN) released its quarterly earnings results on Thursday. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.15, Briefing.com reports. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the business posted $0.95 earnings per share. The company’s revenue for the quarter was up 33.3% compared to the same quarter last year. SharkNinja updated its FY24 guidance to $4.13-4.24 EPS and its FY 2024 guidance to 4.130-4.240 EPS.

SharkNinja Price Performance

NYSE SN opened at $92.22 on Friday. 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 1 year low of $40.27 and a 1 year high of $112.93. The company has a market cap of $12.91 billion, a PE ratio of 53.00, a PEG ratio of 1.92 and a beta of 0.77. The stock’s 50-day moving average price is $103.42 and its two-hundred day moving average price is $84.63.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Bank of America increased their target price on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Guggenheim increased their price objective on shares of SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a report on Monday, October 7th. Canaccord Genuity Group upped their target price on SharkNinja from $126.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. The Goldman Sachs Group increased 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. Finally, Oppenheimer began coverage on SharkNinja in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, SharkNinja has a consensus rating of “Moderate Buy” and a consensus 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.