SharkNinja (NYSE:SN) Announces Quarterly Earnings Results

SharkNinja (NYSE:SN) posted its quarterly earnings data on Thursday. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.17, Briefing.com reports. SharkNinja had a net margin of 7.02% and a return on equity of 33.74%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the firm posted $0.95 EPS. The business’s revenue for the quarter was up 33.3% compared to the same quarter last year. SharkNinja updated its FY24 guidance to $4.13-4.24 EPS and its FY 2024 guidance to 4.130-4.240 EPS.

SharkNinja Price Performance

Shares of NYSE:SN opened at $89.12 on Friday. SharkNinja has a one year low of $41.12 and a one year high of $112.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.71 and a quick ratio of 1.04. The company has a market cap of $12.47 billion, a price-to-earnings ratio of 34.95, a PEG ratio of 1.60 and a beta of 1.04. The firm has a 50 day simple moving average of $103.41 and a 200 day simple moving average of $84.82.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SN shares. Oppenheimer initiated coverage on SharkNinja in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price target for the company. Morgan Stanley increased their target price on SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Friday. Guggenheim boosted their price target on SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Jefferies Financial Group increased their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Canaccord Genuity Group boosted their target price on shares of SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $110.85.

SharkNinja Company Profile

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.