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.Persons interested in listening to the company’s earnings conference call can do so using this link.

European Wax Center (NASDAQ:EWCZ) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $59.87 million during the quarter, compared to analyst estimates of $61.27 million. European Wax Center had a net margin of 5.61% and a return on equity of 13.84%. 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 Price Performance

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

Analyst Ratings Changes

EWCZ has been the topic of a number of research analyst reports. Bank of America reduced their price target on European Wax Center from $16.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. Morgan Stanley decreased their target price on 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 lowered European Wax Center from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $16.00 to $5.50 in a research note on Thursday, August 15th. Robert W. Baird reduced their price objective on shares of European Wax Center from $13.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Finally, Piper Sandler dropped their target price on shares of European Wax Center from $15.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.