e.l.f. Beauty Inc. (NYSE:ELF) – Research analysts at Jefferies Group upped their Q3 2017 earnings per share (EPS) estimates for e.l.f. Beauty in a note issued to investors on Tuesday. Jefferies Group analyst S. Wissink now expects that the company will earn $0.05 per share for the quarter, up from their prior estimate of $0.01. Jefferies Group currently has a “Buy” rating and a $30.00 price target on the stock. Jefferies Group also issued estimates for e.l.f. Beauty’s FY2017 earnings at $0.30 EPS, Q3 2018 earnings at $0.15 EPS, Q4 2018 earnings at $0.29 EPS and Q2 2019 earnings at $0.14 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 analysts’ consensus estimates of $0.01 by $0.07. e.l.f. Beauty had a net margin of 4.16% and a return on equity of 10.54%. The company had revenue of $55.90 million during the quarter, compared to analysts’ expectations of $55.73 million. The company’s revenue was up 26.8% compared to the same quarter last year.

ILLEGAL ACTIVITY WARNING: “Q3 2017 EPS Estimates for e.l.f. Beauty Inc. Lifted by Analyst (ELF)” was reported by American Banking News and is the property of of American Banking News. If you are reading this story on another website, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/10/05/q3-2017-eps-estimates-for-e-l-f-beauty-inc-lifted-by-analyst-elf.html.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus set a $25.00 price target on shares of e.l.f. Beauty and gave the company a “hold” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. 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 research note on Saturday, June 10th. DA Davidson started coverage on shares of e.l.f. Beauty in a research note on Wednesday, September 6th. They set a “buy” rating and a $26.00 price target on the stock. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $34.00 price target on shares of e.l.f. Beauty in a research note on Monday, June 12th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $30.56.

e.l.f. Beauty (ELF) opened at 21.40 on Thursday. The stock’s market cap is $986.54 million. The firm has a 50-day moving average of $20.61 and a 200-day moving average of $20.61. e.l.f. Beauty has a 12-month low of $18.84 and a 12-month high of $32.54.

In related 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John P. Bailey sold 6,159 shares of e.l.f. Beauty stock in a transaction on Monday, July 17th. The stock was sold at an average price of $24.86, for a total transaction of $153,112.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,029 shares of company stock valued at $2,107,383. Insiders own 16.50% of the company’s stock.

Several large investors have recently modified their holdings of ELF. Nationwide Fund Advisors increased its stake in shares of e.l.f. Beauty by 20.2% in the first quarter. Nationwide Fund Advisors now owns 39,245 shares of the company’s stock worth $1,130,000 after buying an additional 6,607 shares during the last quarter. Wells Fargo & Company MN increased its stake in e.l.f. Beauty by 2,195.5% during the first quarter. Wells Fargo & Company MN now owns 77,681 shares of the company’s stock valued at $2,238,000 after purchasing an additional 74,297 shares during the last quarter. Bank of New York Mellon Corp increased its stake in e.l.f. Beauty by 7.2% during the first quarter. Bank of New York Mellon Corp now owns 50,987 shares of the company’s stock valued at $1,469,000 after purchasing an additional 3,421 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in e.l.f. Beauty by 31.4% during the first quarter. Parametric Portfolio Associates LLC now owns 23,821 shares of the company’s stock valued at $686,000 after purchasing an additional 5,691 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in e.l.f. Beauty by 40.6% during the first quarter. JPMorgan Chase & Co. now owns 908,277 shares of the company’s stock valued at $26,158,000 after purchasing an additional 262,442 shares during the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

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.

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.