European Wax Center (EWCZ) Projected to Post Quarterly Earnings on Wednesday

European Wax Center (NASDAQ:EWCZ) is projected to release its earnings data before the market opens on Wednesday, March 5th. Analysts expect European Wax Center to post earnings of $0.05 per share for the quarter.

European Wax Center Stock Down 1.9 %

Shares of EWCZ opened at $6.38 on Wednesday. The company has a debt-to-equity ratio of 3.81, a current ratio of 3.17 and a quick ratio of 2.42. The stock has a market capitalization of $363.01 million, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 1.72 and a beta of 0.95. European Wax Center has a 1 year low of $4.80 and a 1 year high of $15.50. The business’s 50 day simple moving average is $6.50 and its 200-day simple moving average is $6.63.

Insider Buying and Selling at European Wax Center

In other European Wax Center news, Director Nital P. Scott sold 4,344 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $5.85, for a total transaction of $25,412.40. Following the completion of the transaction, the director now owns 29,262 shares in the company, valued at $171,182.70. The trade was a 12.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $6.00 price target on shares of European Wax Center in a research note on Tuesday, January 14th. Piper Sandler downgraded shares of European Wax Center from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $9.00 to $7.00 in a report on Monday, January 6th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $5.00 price target on shares of European Wax Center in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.64.

About European Wax Center

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.