SharkNinja (SN) to Release Earnings on Thursday

SharkNinja (NYSE:SN) will release its earnings data 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.Investors interested in participating in the company’s conference call can do so using this link.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.14. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.08 billion. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share. On average, analysts expect SharkNinja to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

SharkNinja Stock Performance

Shares of SN stock opened at $110.45 on Wednesday. The business has a 50-day simple moving average of $102.99 and a 200-day simple moving average of $84.39. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46. The stock has a market cap of $15.46 billion, a PE ratio of 63.48, a price-to-earnings-growth ratio of 1.90 and a beta of 0.77. SharkNinja has a 52-week low of $40.27 and a 52-week high of $112.65.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Guggenheim raised their price target on shares of SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Canaccord Genuity Group boosted their price target on SharkNinja from $126.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Oppenheimer assumed coverage on shares of SharkNinja in a report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price objective for the company. Jefferies Financial Group raised their target price on SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised their price target on shares of SharkNinja from $97.00 to $128.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.05.

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.