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.
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