SharkNinja (SN) Scheduled to Post Quarterly Earnings on Thursday

SharkNinja (NYSE:SN) is scheduled to post its quarterly earnings results before the market opens on Thursday, August 8th. Analysts expect SharkNinja to post earnings of $0.57 per share for the quarter. SharkNinja has set its FY24 guidance at $3.66-3.82 EPS and its FY 2024 guidance at 3.660-3.820 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Thursday, May 9th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.95 by $0.11. SharkNinja had a return on equity of 29.62% and a net margin of 4.25%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $949.88 million. During the same quarter in the prior year, the business earned $0.86 earnings per share. The company’s quarterly revenue was up 24.7% compared to the same quarter last year. On average, analysts expect SharkNinja to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

SharkNinja Stock Performance

NYSE:SN opened at $73.64 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.92 and a quick ratio of 1.09. The firm has a market cap of $10.30 billion and a price-to-earnings ratio of 54.55. The firm’s fifty day moving average price is $75.38 and its 200 day moving average price is $65.42. SharkNinja has a 1-year low of $26.94 and a 1-year high of $80.81.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SN shares. The Goldman Sachs Group lifted their target price on shares of SharkNinja from $74.00 to $83.00 and gave the company a “buy” rating in a report on Monday, May 13th. China Renaissance started coverage on SharkNinja in a research report on Wednesday, May 29th. They set a “buy” rating on the stock. UBS Group raised their price target on SharkNinja from $76.00 to $83.50 and gave the company a “buy” rating in a report on Friday, May 10th. Bank of America initiated coverage on SharkNinja in a report on Thursday, May 16th. They set a “buy” rating and a $90.00 price objective on the stock. Finally, Morgan Stanley raised their target price on SharkNinja from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $75.56.

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.