ELLIE MAE Inc. (ELLI) Releases Q4 Earnings Guidance
ELLIE MAE Inc. (NASDAQ:ELLI) updated its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.17-0.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.24, Analyst RN reports. The company issued revenue guidance of $29.5-30.0 million, compared to the consensus revenue estimate of $32.54 million.
Shares of ELLIE MAE Inc. (NASDAQ:ELLI) traded down 3.44% on Thursday, hitting $28.90. The stock had a trading volume of 872,754 shares. ELLIE MAE Inc. has a one year low of $18.61 and a one year high of $32.61. The stock has a 50-day moving average of $30.86 and a 200-day moving average of $26.71. The company has a market cap of $764.9 million and a P/E ratio of 46.05.
ELLIE MAE (NASDAQ:ELLI) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.30 by $0.05. The company had revenue of $33.00 million for the quarter, compared to the consensus estimate of $34.37 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 20.0% on a year-over-year basis. On average, analysts predict that ELLIE MAE Inc. will post $1.10 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ELLI shares. Analysts at JMP Securities downgraded shares of ELLIE MAE from an outperform rating to a market perform rating in a research note to investors on Wednesday, October 16th. They now have a $34.00 price target on the stock. On a related note, analysts at Maxim Group reiterated a buy rating on shares of ELLIE MAE in a research note to investors on Monday, September 23rd. They now have a $37.00 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of ELLIE MAE from $35.00 to $37.00 in a research note to investors on Monday, September 23rd. They now have an outperform rating on the stock. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $36.00.
Ellie Mae, Inc is a provider of on-demand automation solutions for the mortgage industry. The Company offers an end-to-end solution, delivered using a software-as-a-service model that serves as the core operating system for mortgage originators and spans customer relationship management, loan origination and business management.
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