Sally Beauty Holdings, Inc. (NYSE:SBH)’s stock price hit a new 52-week high on Thursday following a stronger than expected earnings report. The company traded as high as $17.15 and last traded at $15.67, with a volume of 14947 shares changing hands. The stock had previously closed at $15.96.
The specialty retailer reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.03. Sally Beauty had a net margin of 3.22% and a negative return on equity of 535.36%. The business had revenue of $936.02 million for the quarter, compared to the consensus estimate of $967.74 million.