$0.40 Earnings Per Share Expected for Ellie Mae Inc (ELLI) This Quarter

Equities analysts expect Ellie Mae Inc (NYSE:ELLI) to post earnings per share of $0.40 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Ellie Mae’s earnings, with estimates ranging from $0.38 to $0.42. Ellie Mae posted earnings of $0.51 per share during the same quarter last year, which would suggest a negative year over year growth rate of 21.6%. The company is scheduled to report its next quarterly earnings results on Thursday, July 26th.

On average, analysts expect that Ellie Mae will report full year earnings of $1.76 per share for the current year, with EPS estimates ranging from $1.72 to $1.82. For the next financial year, analysts expect that the company will post earnings of $2.43 per share, with EPS estimates ranging from $2.09 to $2.64. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Ellie Mae.

Ellie Mae (NYSE:ELLI) last posted its quarterly earnings results on Thursday, April 26th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.25. Ellie Mae had a return on equity of 5.73% and a net margin of 10.28%. The firm had revenue of $117.91 million during the quarter, compared to analyst estimates of $108.80 million. During the same quarter in the previous year, the firm earned $0.25 EPS. Ellie Mae’s quarterly revenue was up 26.8% compared to the same quarter last year.

A number of research firms have issued reports on ELLI. Zacks Investment Research upgraded Ellie Mae from a “sell” rating to a “strong-buy” rating and set a $113.00 price target for the company in a research note on Wednesday, May 2nd. Wedbush restated an “underperform” rating and set a $69.00 price target on shares of Ellie Mae in a research note on Friday, April 27th. KeyCorp restated a “buy” rating and set a $120.00 price target on shares of Ellie Mae in a research note on Wednesday, March 21st. Zelman & Associates upgraded Ellie Mae from a “sell” rating to a “hold” rating in a research note on Friday, April 20th. Finally, Compass Point restated a “sell” rating and set a $60.00 price target (up from $58.75) on shares of Ellie Mae in a research note on Friday, April 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $100.27.

In related news, CEO Jonathan Corr sold 2,306 shares of the business’s stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $91.56, for a total transaction of $211,137.36. Following the completion of the transaction, the chief executive officer now directly owns 111,289 shares in the company, valued at approximately $10,189,620.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Matthew Lavay sold 531 shares of the business’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $91.86, for a total value of $48,777.66. Following the transaction, the chief financial officer now owns 19,358 shares of the company’s stock, valued at $1,778,225.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,181 shares of company stock valued at $4,428,192. 3.14% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. We Are One Seven LLC grew its stake in shares of Ellie Mae by 238.3% during the 1st quarter. We Are One Seven LLC now owns 1,316 shares of the software maker’s stock valued at $121,000 after acquiring an additional 927 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Ellie Mae by 45.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,941 shares of the software maker’s stock worth $174,000 after purchasing an additional 602 shares during the period. Barings LLC bought a new position in Ellie Mae in the 4th quarter worth approximately $201,000. M&T Bank Corp bought a new position in Ellie Mae in the 1st quarter worth approximately $206,000. Finally, ETRADE Capital Management LLC bought a new position in Ellie Mae in the 1st quarter worth approximately $215,000.

Shares of Ellie Mae traded up $2.14, reaching $113.40, during trading hours on Thursday, MarketBeat reports. 412,400 shares of the stock traded hands, compared to its average volume of 483,878. The company has a market cap of $3.69 billion, a P/E ratio of 110.10, a P/E/G ratio of 6.96 and a beta of 0.58. Ellie Mae has a one year low of $79.71 and a one year high of $114.95.

Ellie Mae Company Profile

Ellie Mae, Inc provides cloud-based platform for the mortgage finance industry in the United States. The company provides Encompass, a proprietary software solution that combines lead management; loan origination and processing; underwriting; preparation of mortgage applications, disclosure agreements, and closing documents; loan funding and closing; compliance with regulatory and investor requirements; and enterprise management.

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