Olaplex (OLPX) Projected to Post Earnings on Tuesday

Olaplex (NASDAQ:OLPX) will likely be posting its quarterly earnings results before the market opens on Tuesday, March 4th. Analysts expect Olaplex to post earnings of $0.02 per share and revenue of $87.51 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Olaplex Price Performance

NASDAQ:OLPX opened at $1.45 on Friday. Olaplex has a 12 month low of $1.19 and a 12 month high of $2.77. The stock has a 50 day moving average of $1.56 and a two-hundred day moving average of $1.91. The company has a current ratio of 11.84, a quick ratio of 10.32 and a debt-to-equity ratio of 0.73. The firm has a market cap of $961.24 million, a P/E ratio of 24.17 and a beta of 2.45.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Piper Sandler boosted their price objective on Olaplex from $1.50 to $2.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Telsey Advisory Group reiterated a “market perform” rating and set a $2.00 price objective on shares of Olaplex in a research note on Tuesday, February 25th. Finally, Barclays cut their price objective on Olaplex from $2.00 to $1.50 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $2.10.

Olaplex Company Profile

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.