Telsey Advisory Group Expects Weaker Earnings for Olaplex

Olaplex Holdings, Inc. (NASDAQ:OLPX) – Research analysts at Telsey Advisory Group dropped their FY2024 EPS estimates for Olaplex in a research report issued on Friday, November 8th. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings per share of $0.11 for the year, down from their prior forecast of $0.14. Telsey Advisory Group currently has a “Market Perform” rating and a $3.00 target price on the stock. The consensus estimate for Olaplex’s current full-year earnings is $0.13 per share. Telsey Advisory Group also issued estimates for Olaplex’s Q4 2024 earnings at $0.01 EPS and FY2025 earnings at $0.13 EPS.

Olaplex (NASDAQ:OLPX) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $119.10 million during the quarter, compared to the consensus estimate of $126.51 million. Olaplex had a return on equity of 10.57% and a net margin of 9.78%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 EPS.

A number of other equities research analysts have also recently weighed in on the company. Barclays dropped their price target on Olaplex from $2.00 to $1.50 and set an “equal weight” rating on the stock in a research note on Monday. TD Cowen raised their target price on shares of Olaplex from $1.80 to $2.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Olaplex has an average rating of “Hold” and an average target price of $2.30.

Olaplex Price Performance

NASDAQ:OLPX opened at $1.68 on Monday. Olaplex has a 12-month low of $1.19 and a 12-month high of $2.98. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 28.00 and a beta of 2.47. The stock’s 50 day moving average price is $2.16 and its two-hundred day moving average price is $1.90. The company has a quick ratio of 7.85, a current ratio of 9.27 and a debt-to-equity ratio of 0.75.

Hedge Funds Weigh In On Olaplex

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ballentine Partners LLC acquired a new position in shares of Olaplex during the third quarter worth $28,000. Quarry LP acquired a new position in Olaplex in the 2nd quarter worth about $33,000. Catalina Capital Group LLC raised its position in Olaplex by 51.3% in the second quarter. Catalina Capital Group LLC now owns 24,088 shares of the company’s stock valued at $37,000 after purchasing an additional 8,172 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Olaplex by 38.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,819 shares of the company’s stock valued at $40,000 after purchasing an additional 7,235 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Olaplex during the second quarter worth about $43,000. 87.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Olaplex

In related news, Director John P. Bilbrey purchased 183,493 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average cost of $2.05 per share, for a total transaction of $376,160.65. Following the completion of the purchase, the director now owns 241,593 shares in the company, valued at approximately $495,265.65. This represents a 300.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.20% of the company’s stock.

About Olaplex

Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.