Analysts expect e.l.f. Beauty Inc (NYSE:ELF) to announce earnings of $0.16 per share for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for e.l.f. Beauty’s earnings. The lowest EPS estimate is $0.13 and the highest is $0.21. e.l.f. Beauty posted earnings of $0.30 per share in the same quarter last year, which would suggest a negative year over year growth rate of 46.7%. The firm is expected to report its next earnings report on Tuesday, February 25th.
On average, analysts expect that e.l.f. Beauty will report full-year earnings of $0.44 per share for the current financial year, with EPS estimates ranging from $0.40 to $0.55. For the next financial year, analysts expect that the firm will post earnings of $0.51 per share, with EPS estimates ranging from $0.42 to $0.57. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow e.l.f. Beauty.
e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.11. The business had revenue of $67.60 million during the quarter, compared to the consensus estimate of $61.07 million. e.l.f. Beauty had a negative net margin of 0.23% and a positive return on equity of 9.11%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 EPS.
ELF has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of e.l.f. Beauty from $17.50 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Zacks Investment Research upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Friday, July 12th. Citigroup increased their target price on shares of e.l.f. Beauty from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. increased their target price on shares of e.l.f. Beauty from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Oppenheimer reiterated a “hold” rating on shares of e.l.f. Beauty in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $17.75.
Shares of NYSE:ELF traded down $0.17 during mid-day trading on Friday, hitting $17.12. The stock had a trading volume of 515,402 shares, compared to its average volume of 690,888. e.l.f. Beauty has a 12-month low of $6.70 and a 12-month high of $19.96. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.96 and a current ratio of 3.07. The company has a market cap of $866.20 million, a PE ratio of 38.91, a P/E/G ratio of 21.05 and a beta of 2.35. The company’s 50 day moving average is $17.50 and its 200-day moving average is $15.22.
In other news, CEO Tarang Amin sold 22,753 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $17.99, for a total transaction of $409,326.47. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Scott Milsten sold 2,929 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $17.36, for a total transaction of $50,847.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,484,055 shares of company stock valued at $58,722,123. Insiders own 17.10% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in ELF. Aperio Group LLC bought a new position in shares of e.l.f. Beauty during the 2nd quarter valued at $28,000. Convergence Investment Partners LLC bought a new position in shares of e.l.f. Beauty during the 3rd quarter valued at $98,000. Quantamental Technologies LLC raised its holdings in shares of e.l.f. Beauty by 127.0% during the 2nd quarter. Quantamental Technologies LLC now owns 7,694 shares of the company’s stock valued at $108,000 after purchasing an additional 4,305 shares in the last quarter. NEXT Financial Group Inc bought a new position in shares of e.l.f. Beauty during the 3rd quarter valued at $121,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of e.l.f. Beauty during the 3rd quarter valued at $140,000. Institutional investors and hedge funds own 84.69% of the company’s stock.
About e.l.f. Beauty
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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