SharkNinja (NYSE:SN) Releases Earnings Results, Beats Estimates By $0.18 EPS

SharkNinja (NYSE:SN) announced its quarterly earnings data on Thursday. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.18, Briefing.com reports. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.62 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 EPS. SharkNinja updated its FY 2025 guidance to 5.050-5.150 EPS.

SharkNinja Stock Performance

NYSE SN traded up $5.35 during trading on Thursday, reaching $91.74. The company’s stock had a trading volume of 5,492,946 shares, compared to its average volume of 1,705,328. The firm has a 50 day moving average price of $102.61 and a 200 day moving average price of $101.55. SharkNinja has a 12 month low of $60.50 and a 12 month high of $128.51. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $12.95 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 1.61 and a beta of 1.51.

Institutional Trading of SharkNinja

A number of institutional investors and hedge funds have recently made changes to their positions in SN. Disciplined Growth Investors Inc. MN bought a new stake in shares of SharkNinja during the 2nd quarter worth approximately $46,048,000. Ameriprise Financial Inc. lifted its stake in SharkNinja by 451.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 486,297 shares of the company’s stock valued at $48,139,000 after purchasing an additional 398,141 shares during the last quarter. Alliancebernstein L.P. lifted its stake in SharkNinja by 39.3% in the 2nd quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company’s stock valued at $132,422,000 after purchasing an additional 377,544 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in SharkNinja by 169.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock valued at $42,147,000 after purchasing an additional 317,730 shares during the last quarter. Finally, Holocene Advisors LP bought a new position in SharkNinja in the 2nd quarter valued at approximately $31,024,000. Institutional investors own 34.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Oppenheimer lowered their price target on shares of SharkNinja from $135.00 to $112.00 and set an “outperform” rating on the stock in a report on Tuesday, October 21st. Weiss Ratings cut shares of SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price target on shares of SharkNinja from $136.00 to $131.00 and set an “overweight” rating on the stock in a report on Friday, October 10th. Morgan Stanley set a $110.00 price objective on shares of SharkNinja in a report on Monday, October 27th. Finally, Guggenheim reissued a “buy” rating on shares of SharkNinja in a report on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, SharkNinja has a consensus rating of “Moderate Buy” and an average price target of $128.00.

SharkNinja Company Profile

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.