European Wax Center (EWCZ) to Release Earnings on Wednesday

European Wax Center (NASDAQ:EWCZ) is expected to post its quarterly earnings results before the market opens on Wednesday, March 5th. Analysts expect European Wax Center to post earnings of $0.05 per share for the quarter.

European Wax Center Stock Performance

EWCZ opened at $6.38 on Wednesday. European Wax Center has a 12-month low of $4.80 and a 12-month high of $15.50. The company has a market cap of $363.01 million, a price-to-earnings ratio of 27.72, a PEG ratio of 1.72 and a beta of 0.95. The company has a current ratio of 3.17, a quick ratio of 2.42 and a debt-to-equity ratio of 3.81. The company’s 50 day moving average is $6.50 and its 200 day moving average is $6.63.

Insider Activity at European Wax Center

In related news, Director Nital P. Scott sold 4,344 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $5.85, for a total transaction of $25,412.40. Following the completion of the transaction, the director now owns 29,262 shares in the company, valued at approximately $171,182.70. This represents a 12.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EWCZ shares. Morgan Stanley restated an “underweight” rating and issued a $5.00 price objective on shares of European Wax Center in a research note on Friday, November 15th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $6.00 price objective on shares of European Wax Center in a research report on Tuesday, January 14th. Finally, Piper Sandler lowered shares of European Wax Center from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $9.00 to $7.00 in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $6.64.

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.