Ellie Mae (ELLI) Issues Earnings Results

Ellie Mae (NYSE:ELLI) posted its quarterly earnings results on Wednesday. The software maker reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01, Bloomberg Earnings reports. Ellie Mae had a return on equity of 6.39% and a net margin of 13.45%. The firm had revenue of $112.89 million during the quarter, compared to the consensus estimate of $108.27 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year.

Shares of Ellie Mae (NYSE ELLI) traded down $3.49 on Thursday, hitting $87.26. The company’s stock had a trading volume of 863,121 shares, compared to its average volume of 405,711. The firm has a market capitalization of $3,091.34, a PE ratio of 57.79, a PEG ratio of 8.17 and a beta of 0.57. Ellie Mae has a 12 month low of $79.71 and a 12 month high of $114.95.

In other Ellie Mae news, CEO Jonathan Corr sold 2,212 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $88.95, for a total transaction of $196,757.40. Following the transaction, the chief executive officer now owns 114,633 shares in the company, valued at $10,196,605.35. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Karen Blasing sold 1,728 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $100.00, for a total value of $172,800.00. Following the transaction, the director now owns 7,275 shares in the company, valued at approximately $727,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,721 shares of company stock worth $5,402,858. 3.39% of the stock is currently owned by insiders.

A number of research firms have issued reports on ELLI. Morgan Stanley boosted their price target on Ellie Mae from $101.00 to $109.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Oppenheimer reissued a “buy” rating and set a $110.00 price target on shares of Ellie Mae in a research report on Thursday, February 1st. Zacks Investment Research raised Ellie Mae from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Wednesday, December 27th. Barclays boosted their price target on Ellie Mae from $92.00 to $100.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Finally, KeyCorp boosted their price target on Ellie Mae from $116.00 to $118.00 and gave the company an “overweight” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $108.88.

WARNING: This report was first reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/02/08/ellie-mae-elli-issues-earnings-results.html.

About Ellie Mae

Ellie Mae, Inc is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. Banks, credit unions, mortgage lenders and mortgage brokers use the Company’s Encompass mortgage management solution to originate and fund mortgages. The Company’s Encompass software is an enterprise solution that handles functions involved in running the business of originating mortgages, including customer relationship management; loan processing; underwriting; preparation of application, disclosure and closing documents; funding and closing the loan for the borrower; compliance with regulatory and investor requirements, and overall enterprise management.

Earnings History for Ellie Mae (NYSE:ELLI)

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

Leave a Reply