Equities research analysts expect that e.l.f. Beauty, Inc. (NYSE:ELF) will report $0.09 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have issued estimates for e.l.f. Beauty’s earnings. The highest EPS estimate is $0.10 and the lowest is $0.07. e.l.f. Beauty reported earnings of $0.10 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 10%. The firm is expected to issue its next earnings results on Thursday, May 20th.
According to Zacks, analysts expect that e.l.f. Beauty will report full-year earnings of $0.64 per share for the current financial year, with EPS estimates ranging from $0.62 to $0.65. For the next financial year, analysts forecast that the business will post earnings of $0.70 per share, with EPS estimates ranging from $0.63 to $0.75. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow e.l.f. Beauty.
e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Tuesday, February 2nd. The company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). e.l.f. Beauty had a net margin of 3.29% and a return on equity of 8.53%. The company had revenue of $88.60 million for the quarter, compared to the consensus estimate of $86.79 million. During the same period in the prior year, the firm posted $0.24 EPS. The business’s revenue was up 9.7% on a year-over-year basis.
A number of equities analysts recently commented on ELF shares. JPMorgan Chase & Co. boosted their price objective on shares of e.l.f. Beauty from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 2nd. Truist boosted their price objective on shares of e.l.f. Beauty from $25.00 to $30.00 in a research note on Thursday, February 4th. Piper Sandler raised shares of e.l.f. Beauty from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $24.00 to $30.00 in a research note on Tuesday, March 16th. Zacks Investment Research downgraded shares of e.l.f. Beauty from a “buy” rating to a “hold” rating in a research note on Thursday, February 4th. Finally, Morgan Stanley boosted their price objective on shares of e.l.f. Beauty from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, March 8th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $25.90.
In other news, insider Scott Milsten sold 11,744 shares of the business’s stock in a transaction on Wednesday, March 10th. The shares were sold at an average price of $27.54, for a total transaction of $323,429.76. Following the sale, the insider now directly owns 168,217 shares of the company’s stock, valued at $4,632,696.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tarang Amin sold 34,622 shares of the business’s stock in a transaction on Thursday, January 21st. The shares were sold at an average price of $23.60, for a total transaction of $817,079.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 404,812 shares of company stock worth $10,472,692. Insiders own 15.00% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in ELF. UBS Asset Management Americas Inc. boosted its holdings in e.l.f. Beauty by 2.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 27,895 shares of the company’s stock valued at $703,000 after purchasing an additional 568 shares during the last quarter. AQR Capital Management LLC boosted its holdings in e.l.f. Beauty by 3.1% in the third quarter. AQR Capital Management LLC now owns 26,370 shares of the company’s stock valued at $484,000 after purchasing an additional 784 shares during the last quarter. Swiss National Bank boosted its holdings in e.l.f. Beauty by 1.3% in the fourth quarter. Swiss National Bank now owns 80,300 shares of the company’s stock valued at $2,023,000 after purchasing an additional 1,000 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in e.l.f. Beauty in the third quarter valued at $29,000. Finally, Nisa Investment Advisors LLC boosted its holdings in e.l.f. Beauty by 22.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 11,300 shares of the company’s stock valued at $285,000 after purchasing an additional 2,100 shares during the last quarter. 86.07% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:ELF traded up $0.02 during trading hours on Friday, reaching $27.27. The company’s stock had a trading volume of 1,473 shares, compared to its average volume of 931,554. The company has a market capitalization of $1.40 billion, a P/E ratio of 143.43 and a beta of 2.02. e.l.f. Beauty has a 12 month low of $9.53 and a 12 month high of $29.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.43 and a current ratio of 2.49. The stock has a 50 day moving average price of $26.61 and a two-hundred day moving average price of $23.01.
e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc, through its subsidiaries, provides cosmetic and skin care products under the e.l.f. and W3LL PEOPLE brand names worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States; and internationally primarily through distributors.
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