Brokerages Expect e.l.f. Beauty, Inc. (NYSE:ELF) to Post $0.13 Earnings Per Share

Brokerages expect that e.l.f. Beauty, Inc. (NYSE:ELF) will post earnings of $0.13 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for e.l.f. Beauty’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.14. e.l.f. Beauty posted earnings of $0.16 per share during the same quarter last year, which would indicate a negative year over year growth rate of 18.8%. The firm is expected to issue its next earnings report on Wednesday, November 3rd.

On average, analysts expect that e.l.f. Beauty will report full year earnings of $0.70 per share for the current fiscal year, with EPS estimates ranging from $0.67 to $0.75. For the next year, analysts anticipate that the firm will post earnings of $0.78 per share, with EPS estimates ranging from $0.69 to $0.88. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover e.l.f. Beauty.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Tuesday, August 3rd. The company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.13. e.l.f. Beauty had a return on equity of 10.37% and a net margin of 3.71%. The business had revenue of $97.05 million for the quarter, compared to analyst estimates of $79.52 million. During the same quarter in the previous year, the company earned $0.17 EPS. The company’s quarterly revenue was up 50.4% on a year-over-year basis.

A number of equities research analysts have issued reports on the stock. Raymond James started coverage on shares of e.l.f. Beauty in a research report on Tuesday, July 13th. They issued an “outperform” rating and a $33.00 target price for the company. Citigroup upgraded shares of e.l.f. Beauty from a “neutral” rating to a “buy” rating and raised their price target for the company from $32.00 to $35.00 in a report on Thursday, August 5th. Finally, Zacks Investment Research downgraded shares of e.l.f. Beauty from a “buy” rating to a “hold” rating in a report on Tuesday, August 10th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Buy” and an average price target of $32.11.

In other e.l.f. Beauty news, insider Kory Marchisotto sold 6,658 shares of the firm’s stock in a transaction on Thursday, August 5th. The shares were sold at an average price of $30.73, for a total value of $204,600.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Tarang Amin sold 67,166 shares of e.l.f. Beauty stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $27.84, for a total transaction of $1,869,901.44. The disclosure for this sale can be found here. Insiders sold a total of 84,104 shares of company stock worth $2,393,182 in the last quarter. Insiders own 11.10% of the company’s stock.

Several institutional investors have recently modified their holdings of ELF. Dimensional Fund Advisors LP boosted its position in shares of e.l.f. Beauty by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 948,811 shares of the company’s stock valued at $23,896,000 after acquiring an additional 47,497 shares in the last quarter. Comerica Bank acquired a new stake in shares of e.l.f. Beauty during the 1st quarter valued at about $1,246,000. Texas Permanent School Fund acquired a new stake in shares of e.l.f. Beauty during the 1st quarter valued at about $770,000. Envestnet Asset Management Inc. lifted its holdings in e.l.f. Beauty by 5.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 37,638 shares of the company’s stock valued at $1,010,000 after purchasing an additional 1,843 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in e.l.f. Beauty by 22.5% during the 1st quarter. Alliancebernstein L.P. now owns 47,542 shares of the company’s stock valued at $1,276,000 after purchasing an additional 8,742 shares during the last quarter. Institutional investors and hedge funds own 87.51% of the company’s stock.

Shares of e.l.f. Beauty stock traded up $0.68 during trading on Monday, hitting $29.87. 14,712 shares of the company were exchanged, compared to its average volume of 639,638. The firm has a 50 day moving average price of $29.12 and a 200 day moving average price of $28.46. The company has a quick ratio of 1.55, a current ratio of 2.20 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 121.63 and a beta of 2.07. e.l.f. Beauty has a fifty-two week low of $18.08 and a fifty-two week high of $31.67.

About e.l.f. Beauty

e.l.f. Beauty, Inc operates as a holding company, which engages in the provision of cosmetic and skin-care product. It operates through the U.S and International geographical segments. The company focuses on the e-commerce, national retailers, and international business channels. Its product portfolio includes eyes, lips, face, kits, tools, and skin care categories.

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

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