SharkNinja (NYSE:SN) Announces Earnings Results

SharkNinja (NYSE:SN) announced its quarterly earnings data on Thursday. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.18, Briefing.com reports. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.62 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the firm earned $1.21 earnings per share. SharkNinja updated its FY 2025 guidance to 5.050-5.150 EPS.

SharkNinja Stock Up 6.2%

SN stock traded up $5.35 during midday trading on Thursday, hitting $91.74. The company’s stock had a trading volume of 5,492,946 shares, compared to its average volume of 1,705,328. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.20. SharkNinja has a twelve month low of $60.50 and a twelve month high of $128.51. The company’s fifty day moving average price is $102.61 and its 200 day moving average price is $101.55. The stock has a market capitalization of $12.95 billion, a P/E ratio of 25.07, a PEG ratio of 1.61 and a beta of 1.51.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SN. Guggenheim reissued a “buy” rating on shares of SharkNinja in a research report on Friday, August 8th. Weiss Ratings cut shares of SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Canaccord Genuity Group raised their price objective on shares of SharkNinja from $127.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Oppenheimer dropped their price objective on shares of SharkNinja from $135.00 to $112.00 and set an “outperform” rating on the stock in a report on Tuesday, October 21st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of SharkNinja from $136.00 to $131.00 and set an “overweight” rating on the stock in a report on Friday, October 10th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $128.00.

Institutional Investors Weigh In On SharkNinja

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SN. Royal Bank of Canada increased its stake in SharkNinja by 21.8% in the 1st quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock valued at $5,995,000 after buying an additional 12,851 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of SharkNinja in the 1st quarter valued at about $369,000. Goldman Sachs Group Inc. grew its position in shares of SharkNinja by 169.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock valued at $42,147,000 after acquiring an additional 317,730 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of SharkNinja by 7.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock valued at $4,238,000 after acquiring an additional 3,632 shares during the period. Finally, Acadian Asset Management LLC bought a new position in shares of SharkNinja in the 1st quarter valued at about $656,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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.