e.l.f. Beauty Inc (NYSE:ELF) – Analysts at SunTrust Banks boosted their FY2018 EPS estimates for e.l.f. Beauty in a research note issued to investors on Monday, according to Zacks Investment Research. SunTrust Banks analyst W. Chappell now anticipates that the company will earn $0.60 per share for the year, up from their previous forecast of $0.46.
e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.14. e.l.f. Beauty had a return on equity of 13.90% and a net margin of 7.02%. The company had revenue of $71.90 million during the quarter, compared to analyst estimates of $68.38 million. During the same quarter last year, the company earned $0.09 EPS. The firm’s revenue for the quarter was up 27.7% on a year-over-year basis.
A number of other research analysts have also weighed in on ELF. Zacks Investment Research lowered e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Piper Jaffray Companies set a $26.00 target price on e.l.f. Beauty and gave the stock a “buy” rating in a report on Wednesday, October 18th. Stifel Nicolaus set a $20.00 target price on e.l.f. Beauty and gave the stock a “hold” rating in a report on Tuesday, October 31st. Cowen reissued an “outperform” rating and issued a $22.00 target price (down previously from $34.00) on shares of e.l.f. Beauty in a report on Thursday, November 9th. Finally, BMO Capital Markets reduced their target price on e.l.f. Beauty from $38.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $23.31.
e.l.f. Beauty (NYSE ELF) opened at $20.48 on Wednesday. e.l.f. Beauty has a 52-week low of $18.20 and a 52-week high of $31.10. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.95 and a current ratio of 2.17. The firm has a market capitalization of $944.16 and a P/E ratio of 53.89.
Several institutional investors have recently bought and sold shares of the business. 1060 Capital LLC bought a new stake in shares of e.l.f. Beauty in the fourth quarter worth $3,347,000. Arlington Partners LLC bought a new stake in shares of e.l.f. Beauty in the fourth quarter worth $396,000. Schwab Charles Investment Management Inc. grew its holdings in shares of e.l.f. Beauty by 13.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 88,329 shares of the company’s stock worth $1,971,000 after acquiring an additional 10,176 shares during the period. Nicholas Investment Partners LP grew its holdings in shares of e.l.f. Beauty by 26.6% in the third quarter. Nicholas Investment Partners LP now owns 87,507 shares of the company’s stock worth $1,973,000 after acquiring an additional 18,381 shares during the period. Finally, Elk Creek Partners LLC grew its holdings in shares of e.l.f. Beauty by 12.6% in the third quarter. Elk Creek Partners LLC now owns 473,904 shares of the company’s stock worth $10,687,000 after acquiring an additional 52,870 shares during the period. 91.48% of the stock is owned by institutional investors and hedge funds.
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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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