Olaplex (OLPX) Scheduled to Post Quarterly Earnings on Thursday

Olaplex (NASDAQ:OLPX - Get Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Olaplex has set its FY 2024 guidance at EPS.Investors that wish to listen to the company's conference call can do so using this link.

Olaplex (NASDAQ:OLPX - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.03 EPS for the quarter, hitting analysts' consensus estimates of $0.03. The firm had revenue of $103.90 million during the quarter, compared to the consensus estimate of $103.65 million. Olaplex had a net margin of 10.95% and a return on equity of 11.16%. The company's revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 earnings per share. 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 12.6 %

NASDAQ OLPX traded down $0.26 during trading on Thursday, reaching $1.80. 2,682,214 shares of the company's stock were exchanged, compared to its average volume of 2,373,591. The company has a 50 day moving average price of $2.23 and a two-hundred day moving average price of $1.87. 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 has a market cap of $1.19 billion, a P/E ratio of 27.86 and a beta of 2.44. Olaplex has a 1 year low of $1.19 and a 1 year high of $2.98.

Analyst Ratings Changes

A number of brokerages recently issued reports on OLPX. Telsey Advisory Group reissued a "market perform" rating and issued a $3.00 target price on shares of Olaplex in a research report on Thursday. TD Cowen upped their price target on Olaplex from $1.80 to $2.00 and gave the stock a "hold" rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, 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 bought 183,493 shares of the company's stock in a transaction on Monday, August 19th. The stock was bought at an average cost of $2.05 per share, with a total value of $376,160.65. Following the completion of the acquisition, the director now owns 241,593 shares in the company, valued at approximately $495,265.65. This represents a 300.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.20% of the stock is currently owned by company insiders.

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.