Q3 2024 Earnings Estimate for Olaplex Holdings, Inc. Issued By Telsey Advisory Group (NASDAQ:OLPX)

Olaplex Holdings, Inc. (NASDAQ:OLPX) – Equities research analysts at Telsey Advisory Group raised their Q3 2024 earnings per share estimates for shares of Olaplex in a research report issued on Friday, May 3rd. Telsey Advisory Group analyst D. Telsey now anticipates that the company will earn $0.05 per share for the quarter, up from their previous estimate of $0.04. Telsey Advisory Group currently has a “Market Perform” rating and a $2.00 target price on the stock. The consensus estimate for Olaplex’s current full-year earnings is $0.14 per share.

Olaplex (NASDAQ:OLPX) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $98.90 million during the quarter, compared to analysts’ expectations of $95.15 million. Olaplex had a return on equity of 11.68% and a net margin of 10.91%. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 EPS.

Several other analysts also recently weighed in on OLPX. Truist Financial reduced their target price on Olaplex from $7.00 to $3.00 and set a “buy” rating for the company in a report on Monday, March 4th. Piper Sandler raised Olaplex from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $1.25 to $2.00 in a report on Tuesday, March 19th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Olaplex presently has a consensus rating of “Hold” and a consensus target price of $2.59.

Olaplex Stock Down 5.6 %

Olaplex stock opened at $1.52 on Monday. Olaplex has a fifty-two week low of $1.19 and a fifty-two week high of $4.27. The company has a debt-to-equity ratio of 0.77, a quick ratio of 9.21 and a current ratio of 10.92. The company has a market capitalization of $1.01 billion, a P/E ratio of 21.71 and a beta of 2.34. The stock has a 50-day simple moving average of $1.66 and a 200-day simple moving average of $1.97.

Hedge Funds Weigh In On Olaplex

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Olaplex by 8.9% during the 3rd quarter. Vanguard Group Inc. now owns 9,638,957 shares of the company’s stock worth $18,796,000 after buying an additional 787,242 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Olaplex by 34.8% in the 4th quarter. Pacer Advisors Inc. now owns 8,232,661 shares of the company’s stock worth $20,911,000 after acquiring an additional 2,124,323 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Olaplex in the 4th quarter worth approximately $3,996,000. Hsbc Holdings PLC grew its holdings in shares of Olaplex by 86.5% in the 3rd quarter. Hsbc Holdings PLC now owns 627,989 shares of the company’s stock worth $1,221,000 after acquiring an additional 291,191 shares during the period. Finally, Sanders Morris Harris LLC acquired a new stake in shares of Olaplex in the 1st quarter worth approximately $660,000. 87.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Olaplex

In other news, VP Kristi A. Belhumeur sold 42,480 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1.68, for a total transaction of $71,366.40. Following the completion of the transaction, the vice president now directly owns 294,553 shares of the company’s stock, valued at approximately $494,849.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 6.10% of the stock is 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.