Olaplex (OLPX) to Release Earnings on Thursday

Olaplex (NASDAQ:OLPX) is expected to announce its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.02 per share and revenue of $87.51 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Olaplex Stock Performance

Shares of NASDAQ OLPX opened at $1.38 on Tuesday. The company has a quick ratio of 10.32, a current ratio of 11.84 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $914.83 million, a price-to-earnings ratio of 23.00 and a beta of 2.45. The stock’s fifty day simple moving average is $1.55 and its 200 day simple moving average is $1.91. Olaplex has a 52-week low of $1.19 and a 52-week high of $2.77.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays lowered their price target on Olaplex from $2.00 to $1.50 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Telsey Advisory Group reiterated a “market perform” rating and set a $2.00 price target on shares of Olaplex in a report on Tuesday, February 25th. Finally, Piper Sandler lifted their price target on Olaplex from $1.50 to $2.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Olaplex presently has an average rating of “Hold” and a consensus target price of $2.10.

About Olaplex

Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.