SharkNinja (NYSE:SN) Updates FY24 Earnings Guidance

SharkNinja (NYSE:SN) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $3.66-3.82 for the period, compared to the consensus EPS estimate of $3.59. The company issued revenue guidance of ~$4.68-4.76 billion, compared to the consensus revenue estimate of $4.58 billion.

Analysts Set New Price Targets

Several analysts recently weighed in on SN shares. Guggenheim initiated coverage on shares of SharkNinja in a research report on Monday, February 5th. They issued a buy rating and a $60.00 price objective on the stock. Morgan Stanley initiated coverage on SharkNinja in a research report on Tuesday, January 30th. They set an equal weight rating and a $54.00 price objective for the company. UBS Group started coverage on SharkNinja in a research report on Monday, April 15th. They issued a buy rating and a $76.00 target price on the stock. Canaccord Genuity Group increased their price target on SharkNinja from $68.00 to $75.00 and gave the stock a buy rating in a research note on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. assumed coverage on shares of SharkNinja in a research note on Thursday, April 4th. They set an overweight rating and a $70.00 price objective on the stock. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of 67.14.

SharkNinja Stock Performance

Shares of SN stock opened at 67.03 on Thursday. The stock has a 50-day simple moving average of 60.93 and a 200 day simple moving average of 52.64. SharkNinja has a fifty-two week low of 25.84 and a fifty-two week high of 67.47. The company has a quick ratio of 1.06, a current ratio of 1.69 and a debt-to-equity ratio of 0.52.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, February 15th. The company reported 0.94 earnings per share for the quarter, beating the consensus estimate of 0.86 by 0.08. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The company had revenue of 1.38 billion during the quarter, compared to analyst estimates of 1.31 billion. During the same quarter last year, the firm posted $0.54 EPS. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, equities analysts predict that SharkNinja will post 3.54 earnings per share for the current year.

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.