European Wax Center (EWCZ) Scheduled to Post Earnings on Thursday

European Wax Center (NASDAQ:EWCZ) is scheduled to announce its earnings results before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. European Wax Center has set its FY 2024 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

European Wax Center (NASDAQ:EWCZ) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. European Wax Center had a return on equity of 13.84% and a net margin of 5.61%. The business had revenue of $59.87 million during the quarter, compared to analysts’ expectations of $61.27 million. On average, analysts expect European Wax Center to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

European Wax Center Trading Up 1.6 %

European Wax Center stock opened at $7.85 on Thursday. European Wax Center has a 12 month low of $4.80 and a 12 month high of $16.07. The company has a market capitalization of $470.84 million, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 2.51 and a beta of 1.11. The business’s fifty day simple moving average is $6.98 and its two-hundred day simple moving average is $8.83. The company has a current ratio of 3.49, a quick ratio of 2.72 and a debt-to-equity ratio of 3.18.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Truist Financial cut their price objective on shares of European Wax Center from $16.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Piper Sandler cut their price target on shares of European Wax Center from $15.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Morgan Stanley decreased their price objective on shares of European Wax Center from $14.00 to $5.00 and set an “equal weight” rating for the company in a report on Thursday, August 15th. Citigroup cut European Wax Center from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $16.00 to $5.50 in a research report on Thursday, August 15th. Finally, Robert W. Baird reduced their target price on European Wax Center from $13.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.64.

About European Wax Center

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.