SharkNinja (SN) Set to Announce Earnings on Thursday

SharkNinja (NYSE:SN) will post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect SharkNinja to post earnings of $1.04 per share for the quarter. SharkNinja has set its FY 2024 guidance at 4.050-4.210 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, August 8th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.57 by $0.14. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the business earned $0.46 EPS. The business’s revenue was up 31.4% on a year-over-year basis. On average, analysts expect SharkNinja to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

SharkNinja Trading Up 0.0 %

Shares of SharkNinja stock opened at $109.53 on Thursday. The firm has a market cap of $15.33 billion, a price-to-earnings ratio of 62.95, a price-to-earnings-growth ratio of 1.90 and a beta of 0.77. SharkNinja has a 52-week low of $38.69 and a 52-week high of $112.65. The company’s 50-day simple moving average is $101.46 and its 200-day simple moving average is $82.93. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46.

Analysts Set New Price Targets

Several brokerages recently commented on SN. Canaccord Genuity Group raised their price objective on shares of SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Oppenheimer assumed coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price target for the company. Guggenheim upped their price target on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Bank of America lifted their price objective on SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Finally, Jefferies Financial Group upped their target price on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, SharkNinja presently has a consensus rating of “Moderate Buy” and an average target price of $105.25.

About SharkNinja

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.