Analysts Expect e.l.f. Beauty Inc (ELF) to Post $0.06 EPS

Analysts expect e.l.f. Beauty Inc (NYSE:ELF) to report $0.06 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for e.l.f. Beauty’s earnings. The highest EPS estimate is $0.12 and the lowest is $0.02. e.l.f. Beauty posted earnings per share of $0.11 during the same quarter last year, which indicates a negative year-over-year growth rate of 45.5%. The firm is expected to announce its next quarterly earnings results on Wednesday, August 14th.

On average, analysts expect that e.l.f. Beauty will report full year earnings of $0.51 per share for the current financial year, with EPS estimates ranging from $0.38 to $0.63. For the next financial year, analysts expect that the business will post earnings of $0.54 per share, with EPS estimates ranging from $0.40 to $0.62. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow e.l.f. Beauty.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Tuesday, February 26th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.14 by $0.09. e.l.f. Beauty had a net margin of 5.81% and a return on equity of 10.58%. The firm had revenue of $78.57 million for the quarter, compared to analyst estimates of $82.55 million.

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of e.l.f. Beauty from an “underweight” rating to a “neutral” rating and raised their target price for the company from $7.00 to $13.00 in a report on Monday, April 8th. DA Davidson upgraded shares of e.l.f. Beauty from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a report on Tuesday. Jefferies Financial Group upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and lifted their price target for the stock from $10.00 to $14.00 in a report on Wednesday, April 3rd. Wells Fargo & Co downgraded shares of e.l.f. Beauty from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $11.00 to $8.00 in a report on Thursday, January 10th. Finally, BMO Capital Markets lowered their price target on shares of e.l.f. Beauty from $14.00 to $7.00 and set a “market perform” rating for the company in a report on Wednesday, February 27th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $11.27.

NYSE:ELF traded up $0.40 during mid-day trading on Wednesday, hitting $12.51. 28,003 shares of the company’s stock traded hands, compared to its average volume of 795,191. The company has a current ratio of 3.30, a quick ratio of 2.22 and a debt-to-equity ratio of 0.61. e.l.f. Beauty has a 1 year low of $6.70 and a 1 year high of $20.75. The company has a market capitalization of $603.93 million, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 7.54 and a beta of 1.75.

In other news, insider Jonathan T. Fieldman sold 9,007 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $10.00, for a total transaction of $90,070.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John P. Bailey sold 86,600 shares of the business’s stock in a transaction dated Wednesday, January 23rd. The stock was sold at an average price of $8.19, for a total transaction of $709,254.00. The disclosure for this sale can be found here. Insiders sold 322,364 shares of company stock valued at $2,791,794 in the last ninety days. 15.50% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new stake in e.l.f. Beauty during the 4th quarter worth $32,000. Sun Life Financial INC bought a new stake in shares of e.l.f. Beauty in the fourth quarter worth $50,000. Virtu Financial LLC bought a new stake in shares of e.l.f. Beauty in the fourth quarter worth $94,000. CHICAGO TRUST Co NA bought a new stake in shares of e.l.f. Beauty in the first quarter worth $117,000. Finally, California Public Employees Retirement System bought a new stake in shares of e.l.f. Beauty in the fourth quarter worth $151,000. 85.91% of the stock is owned by institutional investors and hedge funds.

About e.l.f. Beauty

e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name 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 and e.l.f.

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

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