SharkNinja (SN) to Release Earnings on Thursday

SharkNinja (NYSE:SN) is set to post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect SharkNinja to post earnings of $1.04 per share for the quarter. SharkNinja has set its FY 2024 guidance at 4.050-4.210 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.14. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm earned $0.46 EPS. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. On average, analysts expect SharkNinja to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

SharkNinja Stock Performance

Shares of NYSE SN opened at $109.53 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average price is $101.46 and its two-hundred day moving average price is $82.93. SharkNinja has a 52-week low of $38.69 and a 52-week high of $112.65. The stock has a market capitalization of $15.33 billion, a P/E ratio of 62.95, a P/E/G ratio of 1.90 and a beta of 0.77.

Analyst Ratings Changes

Several analysts recently issued reports on SN shares. Guggenheim raised their price target on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, October 7th. JPMorgan Chase & Co. boosted their price target on shares of SharkNinja from $97.00 to $128.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Bank of America increased their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. The Goldman Sachs Group boosted their target price on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research note on Monday. Finally, Jefferies Financial Group raised their price target on shares of SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and a consensus target price of $105.25.

About SharkNinja

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.