European Wax Center (NASDAQ:EWCZ) Announces Earnings Results

European Wax Center (NASDAQ:EWCZ) issued its quarterly earnings data on Wednesday. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.05), FiscalAI reports. The company had revenue of $54.19 million for the quarter, compared to analyst estimates of $52.34 million. European Wax Center had a return on equity of 28.38% and a net margin of 4.20%. European Wax Center updated its FY 2025 guidance to EPS.

European Wax Center Stock Up 16.0%

Shares of NASDAQ:EWCZ traded up $0.59 during mid-day trading on Wednesday, hitting $4.24. 1,001,570 shares of the company traded hands, compared to its average volume of 583,185. European Wax Center has a 52-week low of $2.72 and a 52-week high of $8.91. The firm has a market cap of $233.86 million, a P/E ratio of 21.18, a PEG ratio of 0.33 and a beta of 1.45. The company has a debt-to-equity ratio of 3.53, a quick ratio of 2.76 and a current ratio of 3.38. The firm’s 50 day simple moving average is $3.79 and its 200 day simple moving average is $4.52.

Institutional Investors Weigh In On European Wax Center

Institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in European Wax Center by 294.3% in the first quarter. AQR Capital Management LLC now owns 223,120 shares of the company’s stock worth $881,000 after acquiring an additional 166,532 shares during the last quarter. Goldman Sachs Group Inc. raised its position in European Wax Center by 50.2% in the first quarter. Goldman Sachs Group Inc. now owns 505,183 shares of the company’s stock worth $1,995,000 after acquiring an additional 168,900 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in European Wax Center by 39.4% during the second quarter. JPMorgan Chase & Co. now owns 20,542 shares of the company’s stock valued at $116,000 after purchasing an additional 5,803 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of European Wax Center by 61.0% during the 2nd quarter. Rhumbline Advisers now owns 76,480 shares of the company’s stock worth $431,000 after acquiring an additional 28,974 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of European Wax Center by 36.0% during the second quarter. Russell Investments Group Ltd. now owns 85,172 shares of the company’s stock valued at $480,000 after acquiring an additional 22,535 shares during the period. 82.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EWCZ shares. Telsey Advisory Group restated a “market perform” rating and set a $5.00 target price on shares of European Wax Center in a research report on Wednesday. Robert W. Baird set a $5.50 price target on European Wax Center in a research note on Thursday, August 14th. Wall Street Zen downgraded European Wax Center from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, Weiss Ratings began coverage on European Wax Center in a research note on Saturday, November 1st. They issued a “sell (d+)” rating for the company. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $6.93.

European Wax Center Company Profile

European Wax Center, Inc operates as the franchisor and operator of out-of-home waxing services in the United States. It offers body and facial waxing services; and pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers, and skin treatments. The company was founded in 2004 and is headquartered in Plano, Texas.