Wall Street brokerages expect e.l.f. Beauty Inc (NYSE:ELF) to post earnings of $0.16 per share for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for e.l.f. Beauty’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.14. e.l.f. Beauty posted earnings per share of $0.30 in the same quarter last year, which would suggest a negative year-over-year growth rate of 46.7%. The company is expected to report its next earnings results on Tuesday, February 25th.
On average, analysts expect that e.l.f. Beauty will report full-year earnings of $0.48 per share for the current fiscal year, with EPS estimates ranging from $0.47 to $0.52. For the next year, analysts forecast that the business will post earnings of $0.54 per share, with EPS estimates ranging from $0.49 to $0.60. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow e.l.f. Beauty.
e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.04 by $0.11. The firm had revenue of $67.60 million for the quarter, compared to analyst estimates of $61.07 million. e.l.f. Beauty had a positive return on equity of 9.11% and a negative net margin of 0.23%. e.l.f. Beauty’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 EPS.
Several research firms have issued reports on ELF. DA Davidson set a $21.00 price objective on e.l.f. Beauty and gave the stock a “buy” rating in a report on Thursday, August 22nd. Citigroup lifted their price objective on e.l.f. Beauty from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 23rd. Stifel Nicolaus lifted their price objective on e.l.f. Beauty from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday. Morgan Stanley lifted their price objective on e.l.f. Beauty from $17.50 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, ValuEngine downgraded e.l.f. Beauty from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.75.
In other news, CFO Elena Gomez sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $77.53, for a total value of $348,885.00. Also, major shareholder Tpg Growth Ii Advisors, Inc. sold 3,268,860 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $16.73, for a total value of $54,688,027.80. The disclosure for this sale can be found here. Insiders sold a total of 3,521,619 shares of company stock valued at $59,463,719 over the last quarter. Company insiders own 17.10% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of ELF. Arlington Partners LLC bought a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $279,000. Diversified Trust Co increased its holdings in shares of e.l.f. Beauty by 17.8% in the 2nd quarter. Diversified Trust Co now owns 15,850 shares of the company’s stock valued at $223,000 after acquiring an additional 2,400 shares during the last quarter. Aperio Group LLC bought a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $28,000. Acadian Asset Management LLC bought a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $780,000. Finally, Prudential Financial Inc. bought a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $177,000. Institutional investors and hedge funds own 84.69% of the company’s stock.
e.l.f. Beauty stock traded down $0.32 during midday trading on Friday, hitting $16.80. 554,612 shares of the company were exchanged, compared to its average volume of 690,262. The company’s fifty day moving average price is $17.48 and its 200-day moving average price is $15.29. The company has a market cap of $866.20 million, a PE ratio of 38.18, a price-to-earnings-growth ratio of 21.05 and a beta of 2.35. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.07 and a quick ratio of 1.96. e.l.f. Beauty has a fifty-two week low of $6.70 and a fifty-two week high of $19.96.
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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