Excellent HELE numbers. Impressive growth. Guidance raised a whopping 60%
Helen of Troy Limited Reports Record Sales and Earnings for Third Quarter And Nine Months
Tuesday January 13, 7:31 am ET
Quarterly Sales Increase 25% Quarterly Net Income Increases 49% Quarterly Earnings Per Diluted Share Increase 37% from 57 cents to 78 cents Nine Months Sales Increase 13% Nine Months Net Income Increases 64% Nine Months Earnings Per Diluted Share Advances 57% to $1.71 Guidance for Current Fiscal Year Earnings Per Diluted Share Raised from $1.85 - $1.90 to $2.05 - $2.10
biz.yahoo.com
"The third quarter was an excellent quarter for Helen of Troy. Sales and earnings reached record levels for our company during the quarter. Based on our continuing performance, we believe the fourth quarter will be a record breaking fourth quarter as well. Sales increased in every segment of our business, except Tactica. Our sales leaders continue to include retail personal care products, the Professional division, the International division, and our Idelle Labs skin and hair care products.
"Due to the sales and earnings momentum we have experienced over the last quarter, we are raising our fiscal year ending February 29, 2004 earnings per diluted share guidance from $1.85 - $1.90 to $2.05 - $2.10, or a 56 to 60 percent increase from the prior fiscal year's diluted earnings per share of $1.31. We have also increased our projected earnings per diluted share for the fiscal year beginning March 1, 2004 from $2.15 -$2.25 to a range of $2.30 - $2.40. Our business and financial performance continues to be strong and consistent. This quarter marks 35 of the past 39 quarters with quarter over quarter increases in sales and net earnings."
Using Yahoo's consensus $2.12 EPS estimate, which is sure to rise:
Company: HELE
Date: 1/13/04
2004's expected earnings: $2.12
Estimated EPS growth rate: 15
P/E maximum used for estimate: 15
Graham Fair Value: $67.16
Current Price: $29.09
$ difference: $38.07
Percent Growth to Fair Value: 130.88% |
