e.l.f. Beauty (NYSE:ELF) Issues FY17 Earnings Guidance

e.l.f. Beauty (NYSE:ELF) updated its FY17 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.55 for the period, compared to the Thomson Reuters consensus estimate of $0.56. The company issued revenue guidance of $270 million, compared to the consensus revenue estimate of $270.19 million.

Shares of e.l.f. Beauty (ELF) traded up $0.18 during trading hours on Wednesday, reaching $20.56. 228,815 shares of the company were exchanged, compared to its average volume of 646,327. The company has a quick ratio of 0.95, a current ratio of 2.17 and a debt-to-equity ratio of 0.89. e.l.f. Beauty has a 52 week low of $18.20 and a 52 week high of $31.10. The company has a market capitalization of $945.55 and a P/E ratio of 54.11.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.14. e.l.f. Beauty had a net margin of 7.02% and a return on equity of 13.90%. The business had revenue of $71.90 million for the quarter, compared to analyst estimates of $68.38 million. During the same period in the previous year, the company earned $0.09 earnings per share. The business’s revenue for the quarter was up 27.7% on a year-over-year basis. equities analysts anticipate that e.l.f. Beauty will post 0.35 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on ELF shares. Piper Jaffray Companies set a $26.00 price objective on shares of e.l.f. Beauty and gave the company a buy rating in a report on Wednesday, October 18th. Citigroup dropped their price objective on shares of e.l.f. Beauty from $30.00 to $24.00 and set a buy rating on the stock in a report on Friday, November 10th. Zacks Investment Research raised shares of e.l.f. Beauty from a hold rating to a buy rating and set a $22.00 price target on the stock in a report on Wednesday, January 10th. DA Davidson lowered their price target on shares of e.l.f. Beauty to $23.00 and set a buy rating on the stock in a report on Monday, January 15th. Finally, Morgan Stanley lowered their price target on shares of e.l.f. Beauty from $23.00 to $21.00 and set an equal weight rating on the stock in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $23.31.

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About e.l.f. Beauty

e.l.f. Beauty, Inc, formerly J.A. Cosmetics Holdings, Inc, is a cosmetic company. The Company conducts its business under the name e.l.f. Cosmetics, and offers products for eyes, lips and face to consumers through its retail customers, e.l.f. stores and e-commerce channels. The Company offers a range of products for eyes, such as eyeshadow, eyeliner, mascara and eyelashes, eyebrows, concealer and primer, brushes and tools, and sets and palettes.

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

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