Ellie Mae Inc (ELLI) Releases FY14 Earnings Guidance
Ellie Mae Inc (NASDAQ:ELLI) issued an update on its FY14 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.98-1.01 for the period, compared to the Thomson Reuters consensus estimate of $1.06, AnalystRatings.Net reports. The company issued revenue guidance of $150-153.5 million, compared to the consensus revenue estimate of $149.57 million.Ellie Mae also updated its Q2 guidance to $0.20-0.22 EPS.
Ellie Mae Inc (NASDAQ:ELLI) traded down 0.49% on Thursday, hitting $24.27. The stock had a trading volume of 930,895 shares. Ellie Mae Inc has a one year low of $21.00 and a one year high of $33.24. The stock’s 50-day moving average is $26.86 and its 200-day moving average is $27.44. The company has a market cap of $677.5 million and a P/E ratio of 55.43.
Ellie Mae (NASDAQ:ELLI) last released its earnings data on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $32.20 million for the quarter, compared to the consensus estimate of $30.83 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts predict that Ellie Mae Inc will post $1.05 earnings per share for the current fiscal year.
ELLI has been the subject of a number of recent research reports. Analysts at FBR Capital Markets reiterated a marketperform rating on shares of Ellie Mae in a research note on Friday, April 11th. They now have a $37.00 price target on the stock, up previously from $29.00. Finally, analysts at Maxim Group raised their price target on shares of Ellie Mae from $37.00 to $40.00 in a research note on Monday, March 3rd. They now have a buy rating on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Ellie Mae has a consensus rating of Buy and a consensus target price of $36.80.
In other Ellie Mae news, CEO Sigmund Anderman sold 10,000 shares of the stock on the open market in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $25.21, for a total value of $252,100.00. Following the completion of the sale, the chief executive officer now directly owns 231,250 shares in the company, valued at approximately $5,829,813. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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