6. CLEAN WATER AND SANITATION

Helen of Troy (NASDAQ:HELE) Releases Earnings Results, Beats Estimates By $0.06 EPS – MarketBeat

Written by Amanda

Helen of Troy (NASDAQ:HELE) Releases Earnings Results, Beats Estimates By $0.06 EPS  MarketBeat

Helen of Troy (NASDAQ:HELEGet Rating) issued its earnings results on Wednesday. The company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.06, Briefing.com reports. Helen of Troy had a return on equity of 18.08% and a net margin of 8.74%. The business had revenue of $521.40 million during the quarter, compared to analysts’ expectations of $519.07 million. During the same period in the prior year, the firm posted $2.35 EPS. Helen of Troy’s quarterly revenue was up 9.7% compared to the same quarter last year. Helen of Troy updated its FY23 guidance to $9.00-9.40 EPS.

Helen of Troy Stock Up 3.4 %

NASDAQ HELE opened at $106.11 on Thursday. The firm has a market cap of $2.54 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.55 and a beta of 0.73. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 0.93. The stock’s 50 day simple moving average is $122.27 and its 200 day simple moving average is $159.83. Helen of Troy has a one year low of $85.32 and a one year high of $256.26.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Bank of Montreal Can boosted its position in Helen of Troy by 2.7% in the 1st quarter. Bank of Montreal Can now owns 1,886 shares of the company’s stock valued at $386,000 after buying an additional 50 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Helen of Troy by 0.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 31,722 shares of the company’s stock valued at $5,152,000 after buying an additional 178 shares during the last quarter. Captrust Financial Advisors boosted its position in Helen of Troy by 47.9% in the 1st quarter. Captrust Financial Advisors now owns 874 shares of the company’s stock valued at $171,000 after buying an additional 283 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Helen of Troy by 9.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,615 shares of the company’s stock valued at $707,000 after buying an additional 325 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Helen of Troy in the 2nd quarter valued at $65,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HELE shares. TheStreet cut Helen of Troy from a “b-” rating to a “c+” rating in a report on Thursday, June 16th. CL King dropped their target price on Helen of Troy from $282.00 to $206.00 in a report on Tuesday, June 28th. StockNews.com lowered Helen of Troy from a “hold” rating to a “sell” rating in a research report on Saturday, July 16th. Raymond James began coverage on Helen of Troy in a research report on Tuesday, July 12th. They set a “market perform” rating on the stock. Finally, DA Davidson decreased their price target on Helen of Troy from $175.00 to $115.00 and set a “neutral” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $194.67.

Helen of Troy Company Profile

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Helen of Troy Limited provides various consumer products in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments: Home & Outdoor, Health & Wellness, and Beauty. The Home & Outdoor segment offers food preparation tools and gadgets, storage containers, and organization products; coffee makers, grinders, manual pour overs, and tea kettles; household cleaning products, shower organization, and bathroom accessories; feeding and drinking products, child seating products, cleaning tools, and nursery accessories; insulated water bottles, hydration packs, drinkware, mugs, food containers, lunch containers, insulated totes, soft coolers, and accessories; and technical and outdoor sports packs, travel packs, luggage, daypacks, and everyday packs.

See Also

Earnings History for Helen of Troy (NASDAQ:HELE)

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About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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