SharkNinja (NYSE:SN) Issues FY 2024 Earnings Guidance

by · The Cerbat Gem

SharkNinja (NYSE:SN – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 4.130-4.240 for the period, compared to the consensus EPS estimate of 4.250. The company issued revenue guidance of $5.3 billion-$5.3 billion, compared to the consensus revenue estimate of $5.2 billion. SharkNinja also updated its FY24 guidance to $4.13-4.24 EPS.

SharkNinja Stock Down 3.4 %

NYSE SN traded down $3.09 on Friday, hitting $89.12. 4,760,236 shares of the stock traded hands, compared to its average volume of 1,337,842. The company has a current ratio of 1.71, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average of $103.41 and a 200 day moving average of $84.97. SharkNinja has a twelve month low of $41.12 and a twelve month high of $112.93. The company has a market capitalization of $12.47 billion, a P/E ratio of 34.95, a price-to-earnings-growth ratio of 1.60 and a beta of 1.04.

SharkNinja (NYSE:SN – Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.17. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a return on equity of 33.74% and a net margin of 7.02%. The business’s revenue was up 33.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 earnings per share. As a group, analysts expect that SharkNinja will post 3.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SN shares. The Goldman Sachs Group upped their price objective on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Morgan Stanley increased their price objective on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. lowered their price objective on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday. Guggenheim upped their target price on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Finally, Bank of America raised their target price on SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.85.

View Our Latest Stock Analysis on SN

About SharkNinja

(Get Free Report)

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.

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