$0.10 Earnings Per Share Expected for European Wax Center, Inc. (NASDAQ:EWCZ) This Quarter

Wall Street analysts expect European Wax Center, Inc. (NASDAQ:EWCZGet Rating) to post earnings of $0.10 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for European Wax Center’s earnings. The highest EPS estimate is $0.10 and the lowest is $0.09. European Wax Center posted earnings per share of $0.23 during the same quarter last year, which would indicate a negative year over year growth rate of 56.5%. The business is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that European Wax Center will report full-year earnings of $0.42 per share for the current financial year, with EPS estimates ranging from $0.40 to $0.44. For the next fiscal year, analysts expect that the business will post earnings of $0.52 per share, with EPS estimates ranging from $0.51 to $0.53. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow European Wax Center.

European Wax Center (NASDAQ:EWCZGet Rating) last issued its quarterly earnings data on Tuesday, March 15th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.09 by $0.09. The firm had revenue of $45.11 million during the quarter, compared to the consensus estimate of $44.80 million. European Wax Center had a net margin of 3.31% and a return on equity of 9.60%.

Several equities analysts have commented on the company. Zacks Investment Research raised European Wax Center from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Robert W. Baird reduced their price target on shares of European Wax Center from $38.00 to $35.00 in a research report on Friday, April 29th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $31.13.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Citigroup Inc. bought a new position in European Wax Center in the third quarter valued at about $40,000. Royal Bank of Canada bought a new stake in shares of European Wax Center during the 3rd quarter valued at about $77,000. Metropolitan Life Insurance Co NY purchased a new stake in shares of European Wax Center during the 3rd quarter valued at about $93,000. New York State Common Retirement Fund bought a new position in shares of European Wax Center in the 3rd quarter worth approximately $101,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of European Wax Center in the first quarter worth approximately $108,000. 69.41% of the stock is owned by institutional investors.

Shares of EWCZ traded up $0.77 on Thursday, reaching $22.35. The stock had a trading volume of 1,501,524 shares, compared to its average volume of 378,417. The firm has a market capitalization of $1.42 billion and a price-to-earnings ratio of 186.25. The company has a 50-day simple moving average of $28.11 and a 200-day simple moving average of $26.98. European Wax Center has a 12-month low of $18.55 and a 12-month high of $34.67. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.09 and a current ratio of 2.84.

The business also recently announced a dividend, which was paid on Friday, May 6th. Shareholders of record on Friday, April 22nd were given a $3.30 dividend. This represents a yield of 11.14%. The ex-dividend date was Thursday, April 21st.

European Wax Center Company Profile (Get Rating)

European Wax Center, Inc operates as a holding company for EWC Ventures, LLC that franchises and operates out-of-home waxing services in the United States. The company sells facial and body waxing products to franchisees. It offers Brazilian, body, brow, facial hair, and fast waxing services, as well as services related to men; and laser hair removal, sugaring, and threading services, as well as in-home solutions, such as shaving, chemical-based creams, epilators, at-home laser hair removal, and at-home waxing.

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