Equities Analysts Offer Predictions for e.l.f. Beauty Inc.’s Q4 2017 Earnings (ELF)
e.l.f. Beauty Inc. (NYSE:ELF) – Equities researchers at Jefferies Group decreased their Q4 2017 earnings per share (EPS) estimates for shares of e.l.f. Beauty in a report released on Tuesday. Jefferies Group analyst S. Wissink now anticipates that the company will post earnings per share of $0.14 for the quarter, down from their previous estimate of $0.18. Jefferies Group has a “Buy” rating and a $30.00 price target on the stock. Jefferies Group also issued estimates for e.l.f. Beauty’s Q1 2018 earnings at $0.05 EPS, Q1 2019 earnings at $0.10 EPS and Q3 2019 earnings at $0.13 EPS.
e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.07. The firm had revenue of $55.90 million during the quarter, compared to analysts’ expectations of $55.73 million. e.l.f. Beauty had a net margin of 4.16% and a return on equity of 10.54%. e.l.f. Beauty’s revenue was up 26.8% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: “Equities Analysts Offer Predictions for e.l.f. Beauty Inc.’s Q4 2017 Earnings (ELF)” was first reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/04/equities-analysts-offer-predictions-for-e-l-f-beauty-inc-s-q4-2017-earnings-elf.html.
Several other equities analysts also recently weighed in on ELF. Piper Jaffray Companies set a $34.00 price target on shares of e.l.f. Beauty and gave the stock a “buy” rating in a report on Saturday, June 10th. Citigroup Inc. began coverage on shares of e.l.f. Beauty in a research note on Tuesday, July 25th. They set a “buy” rating and a $30.00 price objective for the company. Zacks Investment Research upgraded shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Cowen and Company reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of e.l.f. Beauty in a report on Monday, June 12th. Finally, Stifel Nicolaus set a $25.00 price objective on shares of e.l.f. Beauty and gave the company a “hold” rating in a report on Thursday, August 10th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $30.59.
Shares of e.l.f. Beauty (NYSE ELF) traded down 0.27% during midday trading on Wednesday, reaching $21.78. 18,888 shares of the company traded hands. The company has a 50 day moving average price of $20.56 and a 200 day moving average price of $20.56. e.l.f. Beauty has a 1-year low of $18.84 and a 1-year high of $32.54. The company’s market capitalization is $1.00 billion.
In other e.l.f. Beauty news, insider Tarang Amin sold 47,380 shares of e.l.f. Beauty stock in a transaction on Monday, August 7th. The shares were sold at an average price of $25.00, for a total value of $1,184,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Milsten sold 5,172 shares of e.l.f. Beauty stock in a transaction on Monday, September 25th. The shares were sold at an average price of $19.52, for a total transaction of $100,957.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,029 shares of company stock worth $2,107,383. Insiders own 16.50% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Fortaleza Asset Management Inc. purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter worth about $107,000. Legal & General Group Plc grew its position in shares of e.l.f. Beauty by 63.3% during the 2nd quarter. Legal & General Group Plc now owns 4,155 shares of the company’s stock valued at $112,000 after acquiring an additional 1,610 shares during the period. Citigroup Inc. grew its position in shares of e.l.f. Beauty by 130.5% during the 2nd quarter. Citigroup Inc. now owns 5,662 shares of the company’s stock valued at $154,000 after acquiring an additional 3,206 shares during the period. American International Group Inc. acquired a new stake in shares of e.l.f. Beauty during the 1st quarter valued at about $162,000. Finally, Invictus RG acquired a new stake in shares of e.l.f. Beauty during the 1st quarter valued at about $200,000. Institutional investors and hedge funds own 86.06% of the company’s stock.
About e.l.f. Beauty
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.
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