$0.09 EPS Expected for Ellie Mae Inc (ELLI) This Quarter

Equities analysts expect Ellie Mae Inc (NYSE:ELLI) to announce earnings of $0.09 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Ellie Mae’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.12. Ellie Mae posted earnings of $0.25 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 64%. The business is expected to issue its next quarterly earnings results on Thursday, April 26th.

According to Zacks, analysts expect that Ellie Mae will report full-year earnings of $1.72 per share for the current year, with EPS estimates ranging from $1.69 to $1.76. For the next fiscal year, analysts forecast that the firm will post earnings of $2.35 per share, with EPS estimates ranging from $1.79 to $2.62. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Ellie Mae.

Ellie Mae (NYSE:ELLI) last released its quarterly earnings results on Thursday, February 8th. The software maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. Ellie Mae had a net margin of 12.67% and a return on equity of 5.43%. 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 prior year, the firm earned $0.46 EPS. Ellie Mae’s revenue for the quarter was up 17.3% on a year-over-year basis.

Several analysts recently commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $106.00 price target on shares of Ellie Mae in a research report on Wednesday. Oppenheimer reiterated a “buy” rating and issued a $110.00 price target on shares of Ellie Mae in a research report on Thursday, February 1st. KeyCorp boosted their price objective on shares of Ellie Mae from $118.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. Zacks Investment Research raised shares of Ellie Mae from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research note on Friday, February 9th. Finally, Stephens reissued a “hold” rating and issued a $92.00 price objective on shares of Ellie Mae in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $106.11.

In other news, CEO Jonathan Corr sold 2,212 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $88.95, for a total transaction of $196,757.40. Following the transaction, the chief executive officer now directly owns 114,633 shares of the company’s stock, valued at approximately $10,196,605.35. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Sigmund Anderman sold 7,920 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $87.38, for a total transaction of $692,049.60. Following the transaction, the chairman now directly owns 98,321 shares in the company, valued at $8,591,288.98. The disclosure for this sale can be found here. Insiders sold a total of 52,253 shares of company stock worth $4,743,558 over the last three months. 3.39% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Raymond James & Associates grew its stake in shares of Ellie Mae by 4.4% during the 4th quarter. Raymond James & Associates now owns 22,816 shares of the software maker’s stock worth $2,040,000 after purchasing an additional 965 shares during the period. Deutsche Bank AG grew its stake in shares of Ellie Mae by 13.3% during the 4th quarter. Deutsche Bank AG now owns 74,741 shares of the software maker’s stock worth $6,679,000 after purchasing an additional 8,761 shares during the period. Jefferies Group LLC acquired a new position in shares of Ellie Mae during the 4th quarter worth $292,000. Natixis Asset Management grew its stake in shares of Ellie Mae by 1.4% during the 4th quarter. Natixis Asset Management now owns 50,934 shares of the software maker’s stock worth $4,555,000 after purchasing an additional 715 shares during the period. Finally, Fred Alger Management Inc. grew its stake in shares of Ellie Mae by 23.0% during the 4th quarter. Fred Alger Management Inc. now owns 210,565 shares of the software maker’s stock worth $18,825,000 after purchasing an additional 39,348 shares during the period.

Shares of Ellie Mae (NYSE:ELLI) opened at $88.94 on Thursday. Ellie Mae has a 12-month low of $79.71 and a 12-month high of $114.95. The company has a market cap of $3,070.00, a price-to-earnings ratio of 60.09, a P/E/G ratio of 7.12 and a beta of 0.57.

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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.

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