$81.70 Million in Sales Expected for e.l.f. Beauty Inc (ELF) This Quarter

Analysts forecast that e.l.f. Beauty Inc (NYSE:ELF) will report $81.70 million in sales for the current quarter, Zacks reports. Eight analysts have provided estimates for e.l.f. Beauty’s earnings. The highest sales estimate is $82.20 million and the lowest is $80.38 million. e.l.f. Beauty posted sales of $76.44 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The business is expected to report its next quarterly earnings report on Wednesday, March 14th.

According to Zacks, analysts expect that e.l.f. Beauty will report full year sales of $81.70 million for the current financial year, with estimates ranging from $268.67 million to $270.50 million. For the next year, analysts anticipate that the firm will post sales of $303.92 million per share, with estimates ranging from $289.59 million to $346.80 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for e.l.f. Beauty.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.14. The company had revenue of $71.90 million during the quarter, compared to analyst estimates of $68.38 million. e.l.f. Beauty had a return on equity of 13.90% and a net margin of 7.02%. The firm’s quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter last year, the company earned $0.09 earnings per share.

Several equities research analysts recently issued reports on the company. DA Davidson dropped their price objective on e.l.f. Beauty to $23.00 and set a “buy” rating for the company in a research note on Monday, January 15th. Zacks Investment Research lowered e.l.f. Beauty from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Wells Fargo & Co restated a “hold” rating on shares of e.l.f. Beauty in a research report on Monday, January 8th. KeyCorp started coverage on e.l.f. Beauty in a research report on Wednesday, December 20th. They set a “sector weight” rating on the stock. Finally, JPMorgan Chase & Co. downgraded e.l.f. Beauty from a “neutral” rating to an “underweight” rating and set a $18.00 price target on the stock. in a research report on Friday, December 15th. 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 given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $23.31.

e.l.f. Beauty (NYSE:ELF) traded down $0.38 during trading hours on Wednesday, reaching $20.20. The company had a trading volume of 404,598 shares, compared to its average volume of 525,346. The company has a market capitalization of $934.45 and a price-to-earnings ratio of 53.16. e.l.f. Beauty has a 12 month low of $18.20 and a 12 month high of $31.10. The company has a quick ratio of 0.95, a current ratio of 2.17 and a debt-to-equity ratio of 0.89.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ELF. Schwab Charles Investment Management Inc. raised its position in e.l.f. Beauty by 150.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 74,113 shares of the company’s stock valued at $2,017,000 after purchasing an additional 44,557 shares in the last quarter. Bank of New York Mellon Corp raised its position in e.l.f. Beauty by 75.9% during the second quarter. Bank of New York Mellon Corp now owns 89,706 shares of the company’s stock valued at $2,441,000 after purchasing an additional 38,719 shares in the last quarter. Legal & General Group Plc raised its position in e.l.f. Beauty by 63.3% during the second quarter. Legal & General Group Plc now owns 4,155 shares of the company’s stock valued at $112,000 after purchasing an additional 1,610 shares in the last quarter. Swiss National Bank purchased a new stake in e.l.f. Beauty during the second quarter valued at about $517,000. Finally, Wells Fargo & Company MN increased its holdings in shares of e.l.f. Beauty by 36.4% in the second quarter. Wells Fargo & Company MN now owns 105,995 shares of the company’s stock worth $2,885,000 after buying an additional 28,314 shares during the period. Institutional investors and hedge funds own 90.36% of the company’s stock.

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e.l.f. Beauty Company Profile

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

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