Magnificence Well being (NASDAQ: SKIN – Get Ranking) will launch its earnings knowledge forward of the market opening on Tuesday, Aug.9. Analysts count on Magnificence Well being to put up earnings of $ 0.01 per share for the quarter. Magnificence Well being has set its 2022 train information on EPS. Traders concerned with becoming a member of the corporate’s convention name can achieve this utilizing this hyperlink.
Magnificence Well being (NASDAQ: SKIN – Get Ranking) final introduced quarterly earnings knowledge on Tuesday, Might 10. The corporate reported ($ 0.06) earnings per share for the quarter, lacking analyst consensus estimates of ($ 0.01) of ($ 0.05). Magnificence Well being had a detrimental return on fairness of 0.01% and a detrimental internet margin of 117.84%. The corporate reported income of $ 75.40 million for the quarter, in contrast with analysts’ estimates of $ 68.15 million. The corporate’s income elevated 58.7% in comparison with the identical quarter final yr. On common, analysts count on Magnificence Well being to put up $ 0 EPS for the present fiscal yr and $ 0 EPS for the subsequent fiscal yr.
Magnificence Well being Worth Efficiency
Magnificence Well being inventory opened on Friday at $ 14.67. The corporate has a market capitalization of $ 2.20 billion, a P / E ratio of -4.31 and a beta of 1.40. Magnificence Well being has a one-year low of $ 9.94 and a one-year excessive of $ 30.17. The corporate has a fifty-day transferring common of $ 13.13 and a two-hundred-day transferring common of $ 14.31. The corporate has a debt-to-equity ratio of two.14, a fast ratio of 13.57, and a present ratio of 14.25.
Hedge funds weigh on magnificence well being
A number of institutional traders have lately made modifications to their positions in SKIN. Rhumbline Advisers elevated its place in Magnificence Well being by 6.8% in the course of the 1st quarter. Rhumbline Advisers now owns 89,677 shares of the corporate value $ 1,514,000 after shopping for one other 5,701 shares within the final quarter. Financial institution of America Corp DE elevated its holdings in Magnificence Well being inventory by 4.9% in the course of the first quarter. Financial institution of America Corp DE now owns 184,257 shares within the firm value $ 3,111,000 after buying a further 8,582 shares within the final quarter. Point72 Hong Kong Ltd acquired a brand new fairness curiosity in Magnificence Well being in the course of the first quarter for a price of roughly $ 189,000. Envestnet Asset Administration Inc. elevated its place in Magnificence Well being shares by 89.1% within the second quarter. Envestnet Asset Administration Inc. now owns 24,908 shares within the firm valued at $ 320,000 after buying a further 11,735 shares within the final quarter. Lastly, HighTower Advisors LLC bought a brand new place in Magnificence Well being inventory in the course of the first quarter valued at roughly $ 199,000. 72.01% of the inventory is owned by institutional traders and hedge funds.
Adjustments to Analyst Scores
A number of analysis analysts weighed on SKIN shares. DA Davidson lowered Magnificence Well being’s goal inventory value from $ 35.00 to $ 24.00 in a analysis report on Wednesday, Might 11. The Canaccord Genuity Group lowered its value goal on Magnificence Well being from $ 22.00 to $ 20.00 and established a “purchase” ranking for the corporate in a analysis word on Thursday, June 30. Piper Sandler diminished her value goal on Magnificence Well being from $ 24.00 to $ 22.00 and established an “chubby” ranking for the corporate in a report on Friday, July 8. Lastly, Canaccord Genuity Group lowered Magnificence Well being’s goal value from $ 22.00 to $ 20.00 in a report on Thursday, June 30. One analysis analyst rated the inventory with a maintain ranking and 9 rated the inventory purchase. Based mostly on knowledge from MarketBeat.com, Magnificence Well being at the moment has a “Average Purchase” consensus ranking and a mean value goal of $ 24.78.
About Magnificence Well being
The Magnificence Well being Firm designs, develops, manufactures, markets and sells magnificence applied sciences and merchandise world wide. The corporate’s flagship product consists of HydraFacial which improves pores and skin to cleanse, peel, exfoliate, extract, infuse and hydrate the pores and skin with proprietary options and serums.
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