Equities research analysts forecast that Helen of Troy Limited (NASDAQ:HELE) will announce earnings per share (EPS) of $1.56 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Helen of Troy’s earnings. The lowest EPS estimate is $1.50 and the highest is $1.63. Helen of Troy posted earnings of $1.88 per share in the same quarter last year, which would suggest a negative year over year growth rate of 17%. The firm is expected to report its next earnings report on Tuesday, April 27th.
According to Zacks, analysts expect that Helen of Troy will report full-year earnings of $11.64 per share for the current year, with EPS estimates ranging from $11.60 to $11.69. For the next financial year, analysts forecast that the firm will report earnings of $11.64 per share, with EPS estimates ranging from $11.30 to $12.13. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Helen of Troy.
Helen of Troy (NASDAQ:HELE) last issued its quarterly earnings data on Wednesday, January 6th. The company reported $3.76 EPS for the quarter, topping the Zacks’ consensus estimate of $3.02 by $0.74. The company had revenue of $637.70 million for the quarter, compared to analysts’ expectations of $551.85 million. Helen of Troy had a return on equity of 24.39% and a net margin of 11.25%. The firm’s quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.12 earnings per share.
HELE has been the topic of a number of recent research reports. Zacks Investment Research upgraded Helen of Troy from a “hold” rating to a “buy” rating and set a $245.00 price objective on the stock in a research note on Tuesday, March 9th. Oppenheimer cut Helen of Troy from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 28th. Bank of America cut Helen of Troy from a “buy” rating to a “neutral” rating and set a $235.00 price target on the stock. in a research note on Friday, January 8th. Finally, DA Davidson reiterated a “neutral” rating and issued a $247.00 price target (down previously from $260.00) on shares of Helen of Troy in a research note on Tuesday, March 23rd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Helen of Troy presently has an average rating of “Hold” and an average price target of $238.40.
Shares of HELE traded up $3.66 during midday trading on Thursday, reaching $219.10. 2,192 shares of the company were exchanged, compared to its average volume of 263,560. The stock has a 50-day moving average price of $219.91 and a 200-day moving average price of $214.02. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 24.47, a P/E/G ratio of 2.12 and a beta of 0.92. Helen of Troy has a 1-year low of $130.59 and a 1-year high of $265.97. The company has a current ratio of 1.82, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36.
A number of institutional investors have recently made changes to their positions in HELE. Norges Bank bought a new stake in Helen of Troy in the fourth quarter valued at about $66,638,000. Wells Fargo & Company MN increased its holdings in Helen of Troy by 32.9% in the fourth quarter. Wells Fargo & Company MN now owns 626,346 shares of the company’s stock valued at $139,168,000 after buying an additional 155,220 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Helen of Troy by 11.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,301,878 shares of the company’s stock valued at $289,264,000 after buying an additional 138,936 shares during the last quarter. FIL Ltd bought a new stake in Helen of Troy in the fourth quarter valued at about $20,910,000. Finally, William Blair Investment Management LLC increased its holdings in Helen of Troy by 8.0% in the fourth quarter. William Blair Investment Management LLC now owns 983,032 shares of the company’s stock valued at $218,420,000 after buying an additional 72,590 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.
About Helen of Troy
Helen of Troy Limited designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. The company operates in three segments: Housewares, Health & Home, and Beauty. The Housewares segment offers food and beverage preparation tools and gadgets, storage containers, and organization products; household cleaning products, shower organization, bathroom accessories, and gardening products; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; and insulated water bottles, jugs, thermoses, drinkware, travel mugs, and food containers.
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