Ellie Mae Inc (ELLI) Releases FY14 Earnings Guidance
Ellie Mae Inc (NASDAQ:ELLI) updated its FY14 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.98-1.01 for the period, compared to the Thomson Reuters consensus estimate of $0.99, Stock Ratings Network.com reports. The company issued revenue guidance of $150.0-153.5 million, compared to the consensus revenue estimate of $150.71 million.Ellie Mae also updated its Q3 guidance to $0.21-0.23 EPS.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of Ellie Mae from a hold rating to a buy rating in a research note on Tuesday, July 8th. Analysts at Dougherty & Co upgraded shares of Ellie Mae from a hold rating to a buy rating in a research note on Monday, June 30th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $36.80.
Ellie Mae Inc (NASDAQ:ELLI) traded down 2.31% during mid-day trading on Thursday, hitting $28.72. 277,617 shares of the company’s stock traded hands. Ellie Mae Inc has a 1-year low of $22.46 and a 1-year high of $33.24. The stock has a 50-day moving average of $29.65 and a 200-day moving average of $27.78. The company has a market cap of $807.4 million and a price-to-earnings ratio of 89.09.
Ellie Mae (NASDAQ:ELLI) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.10. The company had revenue of $39.98 million for the quarter, compared to the consensus estimate of $36.39 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis. On average, analysts predict that Ellie Mae Inc will post $0.99 earnings per share for the current fiscal year.
In other Ellie Mae news, CEO Sigmund Anderman sold 10,000 shares of the stock on the open market in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $28.36, for a total transaction of $283,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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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