Olaplex (OLPX) Projected to Post Quarterly Earnings on Wednesday

Olaplex (NASDAQ:OLPX) is projected to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect Olaplex to post earnings of $0.02 per share and revenue of $87.51 million for the quarter.

Olaplex Stock Performance

NASDAQ OLPX opened at $1.42 on Wednesday. The company has a fifty day moving average price of $1.65 and a 200-day moving average price of $1.93. The firm has a market cap of $941.35 million, a price-to-earnings ratio of 23.67 and a beta of 2.45. The company has a debt-to-equity ratio of 0.73, a current ratio of 11.84 and a quick ratio of 10.32. Olaplex has a 1 year low of $1.19 and a 1 year high of $2.77.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on OLPX shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $3.00 target price on shares of Olaplex in a research note on Thursday, November 7th. Piper Sandler upped their price objective on Olaplex from $1.50 to $2.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Finally, Barclays decreased their target price on Olaplex from $2.00 to $1.50 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $2.30.

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.