Analysts Set Expectations for e.l.f. Beauty Inc’s FY2018 Earnings (NYSE:ELF)

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.

ILLEGAL ACTIVITY NOTICE: “Analysts Set Expectations for e.l.f. Beauty Inc’s FY2018 Earnings (NYSE:ELF)” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/02/02/suntrust-banks-weighs-in-on-e-l-f-beauty-incs-fy2018-earnings-elf.html.

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.

Get a free copy of the Zacks research report on e.l.f. Beauty (ELF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for e.l.f. Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for e.l.f. Beauty and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply