Equities Analysts Reduce Earnings Estimates for MAV Beauty Brands Inc (MAV)

Equities Analysts Reduce Earnings Estimates for MAV Beauty Brands Inc (MAV)

MAV Beauty Brands Inc (TSE:MAV) – Jefferies Financial Group cut their FY2019 EPS estimates for MAV Beauty Brands in a research note issued to investors on Monday, May 13th, Zacks Investment Research reports. Jefferies Financial Group analyst S. Wissink now forecasts that the company will post earnings per share of $0.55 for the year, down from their prior forecast of $0.73. Jefferies Financial Group also issued estimates for MAV Beauty Brands’ Q1 2020 earnings at $0.05 EPS and FY2020 earnings at $0.46 EPS.

MAV has been the topic of a number of other reports. Raymond James reduced their target price on shares of MAV Beauty Brands from C$16.00 to C$13.50 in a report on Friday, March 29th. CIBC reduced their target price on shares of MAV Beauty Brands from C$14.00 to C$12.00 in a report on Friday, March 29th. National Bank Financial reduced their target price on shares of MAV Beauty Brands from C$15.00 to C$11.00 and set a “sector perform” rating on the stock in a report on Friday, March 29th. Royal Bank of Canada reduced their target price on shares of MAV Beauty Brands from C$15.00 to C$11.00 and set an “outperform” rating on the stock in a report on Friday, March 29th. Finally, BMO Capital Markets reduced their target price on shares of MAV Beauty Brands from C$17.00 to C$14.00 and set an “outperform” rating on the stock in a report on Monday, April 1st.

Shares of TSE MAV opened at C$7.62 on Thursday. The company has a debt-to-equity ratio of 52.46, a quick ratio of 1.23 and a current ratio of 2.57. The firm has a market capitalization of $291.22 million and a price-to-earnings ratio of -32.02. MAV Beauty Brands has a 52-week low of C$6.93 and a 52-week high of C$14.15.
MAV Beauty Brands (TSE:MAV) last announced its quarterly earnings results on Thursday, March 28th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). The business had revenue of C$38.37 million for the quarter, compared to the consensus estimate of C$33.88 million.

About MAV Beauty Brands

MAV Beauty Brands Inc operates as a personal care company. The company offers hair care, body care, and beauty products, such as shampoos, conditioners, hair styling products, treatments, body wash products, and body and hand lotions under the Marc Anthony True Professional, Renpure, and Cake Beauty brand names.

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