Research Analysts Issue Forecasts for EWCZ FY2025 Earnings

European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) - Equities research analysts at Telsey Advisory Group cut their FY2025 earnings per share estimates for shares of European Wax Center in a report released on Friday, November 8th. Telsey Advisory Group analyst D. Telsey now anticipates that the company will earn $0.32 per share for the year, down from their prior estimate of $0.35. Telsey Advisory Group has a "Outperform" rating and a $8.00 price target on the stock. The consensus estimate for European Wax Center's current full-year earnings is $0.24 per share.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.07 by $0.05. The firm had revenue of $59.87 million during the quarter, compared to the consensus estimate of $61.27 million. European Wax Center had a return on equity of 13.84% and a net margin of 5.61%.

EWCZ has been the subject of a number of other reports. Robert W. Baird cut their price target on European Wax Center from $13.00 to $7.00 and set a "neutral" rating for the company in a report on Thursday, August 15th. Citigroup downgraded shares of European Wax Center from a "buy" rating to a "neutral" rating and lowered their target price for the company from $16.00 to $5.50 in a research note on Thursday, August 15th. Morgan Stanley dropped their target price on shares of European Wax Center from $14.00 to $5.00 and set an "equal weight" rating for the company in a research report on Thursday, August 15th. Bank of America dropped their target price on shares of European Wax Center from $16.00 to $8.00 and set a "buy" rating for the company in a research report on Wednesday, August 21st. Finally, Truist Financial dropped their target price on shares of European Wax Center from $16.00 to $8.00 and set a "buy" rating for the company in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $7.64.

European Wax Center Stock Performance

Shares of EWCZ traded up $0.67 on Monday, reaching $8.60. 997,769 shares of the company's stock traded hands, compared to its average volume of 662,986. The company has a current ratio of 3.49, a quick ratio of 2.72 and a debt-to-equity ratio of 3.18. The stock has a market cap of $515.83 million, a PE ratio of 33.12, a PEG ratio of 2.71 and a beta of 1.11. The stock's 50 day simple moving average is $7.04 and its two-hundred day simple moving average is $8.75. European Wax Center has a 52-week low of $4.80 and a 52-week high of $16.07.

Institutional Trading of European Wax Center

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Landscape Capital Management L.L.C. purchased a new stake in European Wax Center in the third quarter worth $1,231,000. Royce & Associates LP purchased a new stake in European Wax Center in the third quarter worth $108,000. Victory Capital Management Inc. increased its stake in shares of European Wax Center by 78.3% during the third quarter. Victory Capital Management Inc. now owns 101,653 shares of the company's stock valued at $691,000 after buying an additional 44,653 shares during the period. Aigen Investment Management LP purchased a new position in shares of European Wax Center during the third quarter valued at $114,000. Finally, Olympiad Research LP purchased a new position in shares of European Wax Center during the third quarter valued at $157,000. Hedge funds and other institutional investors own 82.14% of the company's stock.

European Wax Center Company Profile

European Wax Center, Inc operates as the franchisor and operator of out-of-home waxing services in the United States. It offers body and facial waxing services; and pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers, and skin treatments. The company was founded in 2004 and is headquartered in Plano, Texas.