European Wax Center (NASDAQ:EWCZ) Announces Quarterly Earnings Results

European Wax Center (NASDAQ:EWCZ) posted its quarterly earnings results on Wednesday. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.05), FiscalAI reports. The firm had revenue of $54.19 million for the quarter, compared to analyst estimates of $52.34 million. European Wax Center had a return on equity of 28.38% and a net margin of 4.20%. European Wax Center updated its FY 2025 guidance to EPS.

European Wax Center Stock Up 14.7%

Shares of NASDAQ EWCZ traded up $0.54 during mid-day trading on Wednesday, reaching $4.19. 1,074,576 shares of the company’s stock traded hands, compared to its average volume of 583,591. The company has a debt-to-equity ratio of 3.53, a current ratio of 3.38 and a quick ratio of 2.76. European Wax Center has a 1-year low of $2.72 and a 1-year high of $8.91. The stock has a market cap of $231.10 million, a P/E ratio of 21.08, a PEG ratio of 0.33 and a beta of 1.45. The business has a 50-day simple moving average of $3.79 and a 200 day simple moving average of $4.52.

Analyst Upgrades and Downgrades

A number of research firms have commented on EWCZ. Wall Street Zen lowered European Wax Center from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Weiss Ratings initiated coverage on European Wax Center in a research note on Saturday, November 1st. They issued a “sell (d+)” rating on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $5.00 target price on shares of European Wax Center in a report on Wednesday. Finally, Robert W. Baird set a $5.50 price target on shares of European Wax Center in a report on Thursday, August 14th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $6.93.

Institutional Investors Weigh In On European Wax Center

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in European Wax Center by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,902,378 shares of the company’s stock worth $7,590,000 after acquiring an additional 67,542 shares during the last quarter. Marshall Wace LLP lifted its position in shares of European Wax Center by 355.3% during the second quarter. Marshall Wace LLP now owns 724,149 shares of the company’s stock valued at $4,077,000 after purchasing an additional 565,099 shares in the last quarter. Federated Hermes Inc. boosted its holdings in European Wax Center by 75.7% during the second quarter. Federated Hermes Inc. now owns 686,203 shares of the company’s stock worth $3,863,000 after purchasing an additional 295,634 shares during the last quarter. Goldman Sachs Group Inc. grew its position in European Wax Center by 50.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 505,183 shares of the company’s stock worth $1,995,000 after purchasing an additional 168,900 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in European Wax Center by 294.3% in the 1st quarter. AQR Capital Management LLC now owns 223,120 shares of the company’s stock valued at $881,000 after buying an additional 166,532 shares during the last quarter. 82.14% of the stock is owned by hedge funds and other institutional investors.

European Wax Center Company Profile

European Wax Center, Inc operates as the franchisor and operator of out-of-home waxing services in the United States. It offers body and facial waxing services; and pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers, and skin treatments. The company was founded in 2004 and is headquartered in Plano, Texas.