Brokerages expect Ellie Mae Inc (NYSE:ELLI) to announce $0.24 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Ellie Mae’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.22. Ellie Mae posted earnings per share of $0.57 in the same quarter last year, which would suggest a negative year-over-year growth rate of 57.9%. The company is expected to announce its next earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Ellie Mae will report full-year earnings of $1.53 per share for the current year, with EPS estimates ranging from $1.51 to $1.58. For the next year, analysts expect that the company will post earnings of $1.57 per share, with EPS estimates ranging from $1.07 to $1.78. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Ellie Mae.
Ellie Mae (NYSE:ELLI) last released its earnings results on Thursday, October 26th. The software maker reported $0.53 EPS for the quarter, topping the consensus estimate of $0.40 by $0.13. Ellie Mae had a net margin of 13.45% and a return on equity of 6.39%. The firm had revenue of $107.00 million for the quarter, compared to the consensus estimate of $105.62 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year.
Several equities analysts have recently commented on ELLI shares. Zacks Investment Research raised shares of Ellie Mae from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 27th. Royal Bank of Canada raised shares of Ellie Mae from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $90.00 to $105.00 in a report on Wednesday, October 18th. BidaskClub raised shares of Ellie Mae from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Compass Point started coverage on shares of Ellie Mae in a report on Wednesday, January 3rd. They issued a “sell” rating and a $65.00 target price on the stock. Finally, KeyCorp reissued a “buy” rating and issued a $116.00 target price on shares of Ellie Mae in a report on Sunday, November 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $108.50.
In related news, Director A Barr Dolan sold 4,666 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $87.59, for a total value of $408,694.94. Following the sale, the director now owns 9,053 shares in the company, valued at $792,952.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jonathan Corr sold 2,211 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $87.52, for a total transaction of $193,506.72. Following the completion of the sale, the chief executive officer now owns 116,002 shares in the company, valued at approximately $10,152,495.04. The disclosure for this sale can be found here. Insiders sold 62,739 shares of company stock worth $5,555,112 in the last 90 days. 3.39% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. 1st Global Advisors Inc. increased its position in Ellie Mae by 0.7% during the second quarter. 1st Global Advisors Inc. now owns 4,554 shares of the software maker’s stock valued at $501,000 after acquiring an additional 30 shares during the last quarter. Prudential Financial Inc. increased its position in Ellie Mae by 3.2% during the second quarter. Prudential Financial Inc. now owns 3,590 shares of the software maker’s stock valued at $395,000 after acquiring an additional 110 shares during the last quarter. Advisor Group Inc. increased its position in Ellie Mae by 13.2% during the second quarter. Advisor Group Inc. now owns 1,014 shares of the software maker’s stock valued at $112,000 after acquiring an additional 118 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Ellie Mae by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,339 shares of the software maker’s stock valued at $147,000 after acquiring an additional 119 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in Ellie Mae by 5.0% during the second quarter. Ameritas Investment Partners Inc. now owns 2,972 shares of the software maker’s stock valued at $327,000 after acquiring an additional 141 shares during the last quarter.
Ellie Mae (NYSE:ELLI) opened at $95.10 on Friday. Ellie Mae has a 1-year low of $79.71 and a 1-year high of $114.95. The company has a market cap of $3,270.00, a price-to-earnings ratio of 62.98, a PEG ratio of 11.60 and a beta of 0.29.
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About Ellie Mae
Ellie Mae, Inc is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. Banks, credit unions, mortgage lenders and mortgage brokers use the Company’s Encompass mortgage management solution to originate and fund mortgages. The Company’s Encompass software is an enterprise solution that handles functions involved in running the business of originating mortgages, including customer relationship management; loan processing; underwriting; preparation of application, disclosure and closing documents; funding and closing the loan for the borrower; compliance with regulatory and investor requirements, and overall enterprise management.
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