Olaplex (OLPX) Set to Announce Earnings on Thursday

Olaplex (NASDAQ:OLPX) is set to release 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 that wish to register for the company’s earnings conference call can do so using this link.

Olaplex (NASDAQ:OLPX) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $103.65 million. During the same quarter in the previous year, the firm posted $0.03 EPS. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, analysts expect Olaplex to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Olaplex Trading Down 2.7 %

Shares of OLPX stock opened at $1.82 on Wednesday. Olaplex has a 1 year low of $1.19 and a 1 year high of $2.98. The firm has a fifty day moving average price of $2.20 and a 200-day moving average price of $1.89. The company has a debt-to-equity ratio of 0.75, a current ratio of 9.27 and a quick ratio of 7.85. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 26.00 and a beta of 2.47.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director John P. Bilbrey purchased 183,493 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were acquired at an average price of $2.05 per share, for a total transaction of $376,160.65. Following the purchase, the director now directly owns 241,593 shares in the company, valued at $495,265.65. This trade represents a 300.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.20% of the company’s stock.

About Olaplex

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.