Olaplex (OLPX) Set to Announce Earnings on Thursday

Olaplex (NASDAQ:OLPX) is set to announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Olaplex has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Olaplex (NASDAQ:OLPX) last released its quarterly earnings data on Thursday, February 29th. 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 13.44% and a return on equity of 13.09%. The firm had revenue of $111.72 million for the quarter, compared to analysts’ expectations of $108.29 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. The company’s revenue for the quarter was down 14.5% 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 Price Performance

Shares of NASDAQ OLPX opened at $1.35 on Thursday. Olaplex has a 1 year low of $1.19 and a 1 year high of $4.27. The company has a debt-to-equity ratio of 0.77, a current ratio of 10.92 and a quick ratio of 9.21. The company’s 50-day moving average is $1.76 and its 200 day moving average is $1.98. The stock has a market capitalization of $892.84 million, a P/E ratio of 15.00 and a beta of 2.28.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OLPX. Piper Sandler upgraded shares of Olaplex from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $1.25 to $2.00 in a research report on Tuesday, March 19th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $2.00 target price on shares of Olaplex in a report on Friday, April 5th. Finally, Truist Financial reduced their target price on shares of Olaplex from $7.00 to $3.00 and set a “buy” rating for the company in a report on Monday, March 4th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $2.59.

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.