$55.41 Million in Sales Expected for e.l.f. Beauty Inc (ELF) This Quarter

Equities research analysts expect that e.l.f. Beauty Inc (NYSE:ELF) will announce sales of $55.41 million for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for e.l.f. Beauty’s earnings, with the lowest sales estimate coming in at $52.00 million and the highest estimate coming in at $63.89 million. e.l.f. Beauty posted sales of $59.06 million in the same quarter last year, which suggests a negative year-over-year growth rate of 6.2%. The firm is scheduled to report its next earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that e.l.f. Beauty will report full-year sales of $247.87 million for the current financial year, with estimates ranging from $240.40 million to $256.60 million. For the next fiscal year, analysts expect that the firm will post sales of $255.15 million, with estimates ranging from $248.20 million to $261.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow e.l.f. Beauty.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Tuesday, February 26th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.09. e.l.f. Beauty had a positive return on equity of 8.88% and a negative net margin of 1.15%. The company had revenue of $78.57 million for the quarter, compared to the consensus estimate of $82.55 million.

A number of analysts recently weighed in on the company. Zacks Investment Research upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, April 30th. JPMorgan Chase & Co. upgraded e.l.f. Beauty from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $7.00 to $13.00 in a research note on Monday, April 8th. DA Davidson upgraded e.l.f. Beauty from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Tuesday, April 16th. Jefferies Financial Group upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and lifted their price target for the company from $10.00 to $14.00 in a research note on Wednesday, April 3rd. Finally, Wells Fargo & Co decreased their price target on e.l.f. Beauty from $8.00 to $6.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 27th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $11.18.

e.l.f. Beauty stock opened at $11.38 on Friday. The company has a current ratio of 3.30, a quick ratio of 2.22 and a debt-to-equity ratio of 0.61. e.l.f. Beauty has a 1-year low of $6.70 and a 1-year high of $20.22. The company has a market capitalization of $572.02 million, a P/E ratio of 25.86, a price-to-earnings-growth ratio of 7.99 and a beta of 1.90.

In other e.l.f. Beauty news, insider Jonathan T. Fieldman sold 9,007 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $10.00, for a total transaction of $90,070.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Scott Milsten sold 3,700 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $12.69, for a total value of $46,953.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 239,464 shares of company stock worth $2,129,493. 17.10% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Federated Investors Inc. PA boosted its position in e.l.f. Beauty by 8.3% during the first quarter. Federated Investors Inc. PA now owns 591,862 shares of the company’s stock worth $6,274,000 after purchasing an additional 45,357 shares in the last quarter. BlackRock Inc. boosted its position in e.l.f. Beauty by 5.5% during the first quarter. BlackRock Inc. now owns 1,620,245 shares of the company’s stock worth $17,174,000 after purchasing an additional 83,875 shares in the last quarter. Great Lakes Advisors LLC boosted its position in e.l.f. Beauty by 28.4% during the first quarter. Great Lakes Advisors LLC now owns 256,308 shares of the company’s stock worth $2,717,000 after purchasing an additional 56,654 shares in the last quarter. JPMorgan Chase & Co. boosted its position in e.l.f. Beauty by 224.2% during the first quarter. JPMorgan Chase & Co. now owns 147,515 shares of the company’s stock worth $1,564,000 after purchasing an additional 102,007 shares in the last quarter. Finally, Spark Investment Management LLC boosted its position in e.l.f. Beauty by 60.9% during the first quarter. Spark Investment Management LLC now owns 319,600 shares of the company’s stock worth $3,387,000 after purchasing an additional 121,000 shares in the last quarter. Institutional investors own 83.85% of the company’s stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce and e.l.f.

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Earnings History and Estimates for e.l.f. Beauty (NYSE:ELF)

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