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Helen of Troy Ltd.

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By: Michael Vodicka
October 30, 2009 | Comment(s): 0
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Helen of Troy Ltd. (HELE - Snapshot Report) posted better than expected second-quarter results on Oct 7, making it 3 consecutive quarters that the company has beat the Street.

Company Description

Helen of Troy develops and manufactures products in two major segments, personal care and house ware. The personal care division is home to well known brands like Revlon and Vidal Sasoon while the house ware group develops items like food containers and BBQ tools. The company was founded in 1968 and has a market cap of $698 million.

Second-Quarter Results

Helen of Troy reported solid second-quarter results on Oct 7 that were better than expected. Revenue was up 5.6% from last year to $162.2 million. Earnings also came in strong at 51 cents per share, 12 cents ahead of the Zacks Consensus Estimate.

Segment Performance

The company's house wares segment was up 8.9% from last year to $50.6 million while its personal care segment was up 4.9% to $111.6 million.

Estimates Advance

After the good quarter estimates moved higher. The current year added 22 cents and jumped to $2.19. The next-year estimate stands at $2.39, a solid 9% growth projection.

Great Value Too

In spite of the recent gains, this stock still has value, trading with a forward P/E of 10.5, a discount to the overall market.

The Chart

Shares of HELE hit a new 52-week high on the good quarter before recently pulling back a bit. Take a look below.

Read the full analyst report on HELE

 

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