William Blair comments on SharkNinja, Inc. earnings. in Q3 2024 (NYSE:SN)

SharkNinja, Inc. (NYSE:SN – Free Report) – Analysts at William Blair boosted their Q3 2024 EPS estimates for shares of SharkNinja in a research report issued to clients and investors on Friday, August 9th. William Blair analyst P. Blee now forecasts that the company will post earnings of $1.06 per share for the quarter, up from their prior forecast of $1.01. The consensus estimate for SharkNinja’s current full-year earnings is $3.82 per share. William Blair also issued estimates for SharkNinja’s FY2025 earnings at $4.70 EPS.

SharkNinja (NYSE:SN – Get Your Free Report ) last announced its quarterly earnings results on Thursday, May 9th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.11. SharkNinja had a net margin of 4.25% and a return on equity of 29.62%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $949.88 million. In the same quarter last year, the company earned $0.86 per share. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year.

Several other research firms have recently weighed in on SN. Bank of America started coverage on SharkNinja in a research report on Thursday, May 16th. They set a “buy” rating and a $90.00 price target for the company. Goldman Sachs Group upped their target price on shares of SharkNinja from $74.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Canaccord Genuity Group upped their target price on shares of SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. China Renaissance started coverage on shares of SharkNinja in a research report on Wednesday, May 29th. They issued a “buy” rating for the company. Finally, UBS Group upped their target price on shares of SharkNinja from $76.00 to $83.50 and gave the stock a “buy” rating in a research report on Friday, May 10th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $75.56.

Check out our latest report on SharkNinja

SharkNinja trading up 2.7%

Shares of SN stock opened at $87.64 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.92, and a quick ratio of 1.09. SharkNinja has a 1 year low of $29.42 and a 1 year high of $91.43. The stock has a market cap of $12.26 billion and a price-to-earnings ratio of 64.92. The firm has a 50-day simple moving average of $75.73 and a 200-day simple moving average of $66.10.

Institutional inputs and outputs

Several large investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new position in SharkNinja during the fourth quarter valued at approximately $772,000. New York State Common Retirement Fund acquired a new stake in SharkNinja in the 4th quarter valued at $2,925,000. Russell Investments Group Ltd. boosted its holdings in SharkNinja by 36.6% in the fourth quarter. Russell Investments Group Ltd. now owns 310,395 shares of the company’s stock valued at $15,976,000 after purchasing an additional 83,133 shares during the last quarter. Deuterium Capital Management LLC purchased a new position in SharkNinja in the fourth quarter valued at about $256,000. Finally, Charles Schwab Investment Management Inc. raised its position in SharkNinja by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 261,181 shares of the company’s stock valued at $13,365,000 after purchasing an additional 7,710 shares during the period. 34.77% of the shares are held by hedge funds and other institutional investors.

About SharkNinja

(Get a free report)

SharkNinja, Inc, a technology and product design company, is committed to providing diverse solutions to consumers around the world. Offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floor care products including steam mops, wet/dry floor cleaners and carpet extraction; cooking and beverage appliances such as air fryers, cooktops, outdoor and countertop grills and ovens, coffee systems, carbonators, cookware, cutlery, kettles, toasters and baking dishes; food preparation apparatus including blenders, food processors, ice cream makers and juicers; and beauty appliances such as hair dryers and stylers, as well as household products including air purifiers and humidifiers.

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