Q3 2016 Earnings Forecast for e.l.f. Beauty Inc Issued By William Blair (ELF)
e.l.f. Beauty Inc (NYSE:ELF) – Stock analysts at William Blair issued their Q3 2016 earnings per share (EPS) estimates for e.l.f. Beauty in a research note issued on Monday. William Blair analyst J. Andersen expects that the brokerage will earn $0.02 per share for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for e.l.f. Beauty’s Q4 2016 earnings at $0.16 EPS, FY2016 earnings at $0.26 EPS, FY2017 earnings at $0.37 EPS, FY2018 earnings at $0.50 EPS and FY2019 earnings at $0.72 EPS.
Several other analysts also recently commented on ELF. JPMorgan Chase & Co. started coverage on shares of e.l.f. Beauty in a research report on Monday. They issued a “neutral” rating and a $28.00 price target for the company. Stifel Nicolaus started coverage on shares of e.l.f. Beauty in a research report on Monday. They issued a “hold” rating and a $25.00 price target for the company. Piper Jaffray Cos. initiated coverage on shares of e.l.f. Beauty in a research report on Monday. They issued an “overweight” rating and a $30.00 price target for the company. Wells Fargo & Co. initiated coverage on shares of e.l.f. Beauty in a research report on Monday. They set a “market perform” rating for the company. Finally, SunTrust Banks Inc. initiated coverage on shares of e.l.f. Beauty in a research report on Monday. They set a “buy” rating and a $32.00 price objective for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. e.l.f. Beauty has an average rating of “Buy” and an average target price of $29.17.
Shares of e.l.f. Beauty (NYSE:ELF) traded down 0.04% during mid-day trading on Wednesday, hitting $26.87. 46,245 shares of the stock traded hands. The firm’s 50 day moving average price is $26.46 and its 200 day moving average price is $26.46. e.l.f. Beauty has a 12-month low of $23.73 and a 12-month high of $28.92. The firm’s market cap is $83.51 million.
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In other news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of the stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $15.81, for a total value of $23,049,414.81. Following the completion of the transaction, the insider now owns 8,279,999 shares in the company, valued at approximately $130,906,784.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc is a holding company that offers its services in the cosmetics category. The Company’s cosmetics category consists of face makeup, eye makeup, lip products, nail products and cosmetics sets/kits, and excludes beauty tools and accessories, such as brushes and applicators. It offers various brands in the cosmetics industry.
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