Olaplex (OLPX) Set to Announce Earnings on Thursday

Olaplex (NASDAQ:OLPX) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Olaplex to post earnings of $0.04 per share for the quarter. Olaplex has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Olaplex (NASDAQ:OLPX) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. Olaplex had a return on equity of 11.16% and a net margin of 10.95%. The company had revenue of $103.90 million for the quarter, compared to the consensus estimate of $103.65 million. During the same quarter in the previous year, the business earned $0.03 EPS. The company’s quarterly revenue 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 Stock Down 2.8 %

OLPX opened at $2.06 on Thursday. Olaplex has a one year low of $1.19 and a one year high of $2.98. The company has a debt-to-equity ratio of 0.75, a quick ratio of 7.85 and a current ratio of 9.27. The stock’s fifty day moving average is $2.23 and its 200-day moving average is $1.87. The company has a market capitalization of $1.36 billion, a PE ratio of 29.43 and a beta of 2.44.

Insider Activity

In other Olaplex news, Director John P. Bilbrey purchased 183,493 shares of the stock in a transaction dated 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 completion of the acquisition, the director now owns 241,593 shares of the company’s stock, valued at $495,265.65. This represents a 300.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

OLPX has been the topic of a number of research reports. Telsey Advisory Group reissued a “market perform” rating and issued a $2.00 price objective on shares of Olaplex in a research note on Tuesday, August 6th. TD Cowen lifted their target price on Olaplex from $1.80 to $2.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Olaplex has a consensus rating of “Hold” and a consensus target price of $2.22.

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.