e.l.f. Beauty Inc (ELF) Expected to Post Earnings of $0.08 Per Share

Equities research analysts expect e.l.f. Beauty Inc (NYSE:ELF) to announce earnings of $0.08 per share for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for e.l.f. Beauty’s earnings. The highest EPS estimate is $0.12 and the lowest is $0.04. e.l.f. Beauty reported earnings of $0.17 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 52.9%. The business is expected to announce its next quarterly earnings report on Wednesday, November 14th.

According to Zacks, analysts expect that e.l.f. Beauty will report full-year earnings of $0.57 per share for the current year, with EPS estimates ranging from $0.52 to $0.61. For the next financial year, analysts forecast that the firm will post earnings of $0.57 per share, with EPS estimates ranging from $0.46 to $0.62. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover e.l.f. Beauty.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.07. The business had revenue of $59.06 million during the quarter, compared to the consensus estimate of $59.20 million. e.l.f. Beauty had a net margin of 10.52% and a return on equity of 11.60%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS.

Several equities research analysts recently commented on ELF shares. Zacks Investment Research upgraded shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. BMO Capital Markets set a $13.00 price target on shares of e.l.f. Beauty and gave the company a “hold” rating in a research report on Wednesday, August 8th. Jefferies Financial Group downgraded shares of e.l.f. Beauty from a “buy” rating to a “hold” rating and upped their price target for the company from $18.00 to $30.00 in a research report on Thursday, August 9th. Citigroup downgraded shares of e.l.f. Beauty from a “buy” rating to a “neutral” rating and reduced their price target for the company from $24.00 to $16.00 in a research report on Thursday, August 9th. Finally, Piper Jaffray Companies downgraded shares of e.l.f. Beauty from a “neutral” rating to an “underweight” rating and upped their price target for the company from $17.00 to $23.00 in a research report on Thursday, August 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $16.44.

Shares of NYSE:ELF opened at $12.89 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.58 and a quick ratio of 1.72. The company has a market capitalization of $618.09 million, a P/E ratio of 26.85, a PEG ratio of 5.99 and a beta of 1.10. e.l.f. Beauty has a 52 week low of $9.30 and a 52 week high of $23.85.

In other e.l.f. Beauty news, insider John P. Bailey sold 86,600 shares of the stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $13.35, for a total value of $1,156,110.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Milsten sold 8,328 shares of the stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $13.22, for a total transaction of $110,096.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 206,540 shares of company stock valued at $2,889,744. Insiders own 15.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in ELF. Canada Pension Plan Investment Board bought a new position in shares of e.l.f. Beauty during the 2nd quarter valued at $10,642,000. FMR LLC raised its holdings in shares of e.l.f. Beauty by 13.7% during the 2nd quarter. FMR LLC now owns 3,949,700 shares of the company’s stock valued at $60,193,000 after purchasing an additional 477,400 shares in the last quarter. Millennium Management LLC raised its holdings in shares of e.l.f. Beauty by 1,608.9% during the 2nd quarter. Millennium Management LLC now owns 172,632 shares of the company’s stock valued at $2,631,000 after purchasing an additional 162,530 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of e.l.f. Beauty by 19.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 870,793 shares of the company’s stock valued at $13,271,000 after purchasing an additional 139,610 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of e.l.f. Beauty by 7.1% during the 2nd quarter. BlackRock Inc. now owns 1,444,019 shares of the company’s stock valued at $22,008,000 after purchasing an additional 95,788 shares in the last quarter. Institutional investors own 87.82% of the company’s stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc operates as a beauty company. The company offers cosmetics, including face makeup, eye makeup, lip products, nail products, and cosmetics sets/kits; and skin care products under the e.l.f. brand name. It sells its products through direct-to-consumer channels, which include e-commerce and e.l.f.

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

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