Equities research analysts forecast that e.l.f. Beauty Inc. (NYSE:ELF) will report sales of $54.84 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for e.l.f. Beauty’s earnings, with estimates ranging from $51.57 million to $57.30 million. The company is scheduled to report its next quarterly earnings report on Wednesday, August 9th.

On average, analysts expect that e.l.f. Beauty will report full-year sales of $54.84 million for the current year, with estimates ranging from $288.98 million to $293.20 million. For the next fiscal year, analysts anticipate that the company will post sales of $352.49 million per share, with estimates ranging from $346.00 million to $360.08 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for e.l.f. Beauty.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, May 10th. The company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.04. The firm had revenue of $60.60 million during the quarter, compared to analysts’ expectations of $59.87 million. e.l.f. Beauty’s revenue was up 15.0% on a year-over-year basis.

A number of research analysts have recently commented on ELF shares. Piper Jaffray Companies set a $34.00 target price on shares of e.l.f. Beauty and gave the stock a “buy” rating in a research report on Thursday, May 11th. Cowen and Company set a $34.00 price target on shares of e.l.f. Beauty and gave the stock a “buy” rating in a research note on Thursday, May 11th. Zacks Investment Research upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Tuesday, May 9th. BMO Capital Markets set a $38.00 price target on shares of e.l.f. Beauty and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Finally, Jefferies Group LLC began coverage on shares of e.l.f. Beauty in a research note on Friday, June 2nd. They issued a “buy” rating and a $30.00 price target for the company. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. e.l.f. Beauty has a consensus rating of “Buy” and an average price target of $31.25.

WARNING: This report was originally posted by American Banking News and is owned by of American Banking News. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/07/09/e-l-f-beauty-inc-nyseelf-expected-to-announce-quarterly-sales-of-54-84-million.html.

In other news, insider Tarang Amin sold 47,380 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $26.09, for a total transaction of $1,236,144.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John P. Bailey sold 16,666 shares of the company’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $28.00, for a total transaction of $466,648.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,380 shares of company stock valued at $2,580,143.

Institutional investors have recently added to or reduced their stakes in the company. First Mercantile Trust Co. purchased a new position in e.l.f. Beauty during the first quarter valued at approximately $150,000. American International Group Inc. purchased a new position in e.l.f. Beauty during the first quarter valued at approximately $162,000. Invictus RG purchased a new position in e.l.f. Beauty during the first quarter valued at approximately $200,000. LMR Partners LLP purchased a new position in e.l.f. Beauty during the first quarter valued at approximately $288,000. Finally, Metropolitan Life Insurance Co. NY purchased a new position in e.l.f. Beauty during the fourth quarter valued at approximately $313,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

Shares of e.l.f. Beauty (NYSE:ELF) traded up 1.08% during midday trading on Friday, hitting $26.10. 469,412 shares of the company’s stock were exchanged. e.l.f. Beauty has a 1-year low of $23.73 and a 1-year high of $32.54. The stock’s 50 day moving average is $26.03 and its 200-day moving average is $27.12. The stock’s market cap is $1.19 billion.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, formerly J.A. Cosmetics Holdings, Inc, is a cosmetic company. The Company conducts its business under the name e.l.f. Cosmetics, and offers products for eyes, lips and face to consumers through its retail customers, e.l.f. stores and e-commerce channels. The Company offers a range of products for eyes, such as eyeshadow, eyeliner, mascara and eyelashes, eyebrows, concealer and primer, brushes and tools, and sets and palettes.

Get a free copy of the Zacks research report on e.l.f. Beauty (ELF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for e.l.f. Beauty (NYSE:ELF)

Receive News & Ratings for e.l.f. Beauty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for e.l.f. Beauty Inc. and related companies with MarketBeat.com's FREE daily email newsletter.