e.l.f. Beauty Inc (ELF) Expected to Announce Quarterly Sales of $54.18 Million

Wall Street brokerages predict that e.l.f. Beauty Inc (NYSE:ELF) will post sales of $54.18 million for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for e.l.f. Beauty’s earnings, with the highest sales estimate coming in at $57.87 million and the lowest estimate coming in at $51.38 million. e.l.f. Beauty posted sales of $59.06 million during the same quarter last year, which would suggest a negative year over year growth rate of 8.3%. The business is scheduled to issue its next quarterly earnings results on Wednesday, August 14th.

On average, analysts expect that e.l.f. Beauty will report full year sales of $242.53 million for the current financial year, with estimates ranging from $238.76 million to $245.00 million. For the next fiscal year, analysts expect that the business will report sales of $250.15 million, with estimates ranging from $241.74 million to $255.76 million. Zacks Investment Research’s sales calculations 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 Tuesday, February 26th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.09. e.l.f. Beauty had a positive return on equity of 8.88% and a negative net margin of 1.15%. The firm had revenue of $78.57 million for the quarter, compared to the consensus estimate of $82.55 million.

ELF has been the topic of several recent analyst reports. Jefferies Financial Group upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and increased their price target for the stock from $10.00 to $14.00 in a report on Wednesday, April 3rd. Zacks Investment Research upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Tuesday, April 30th. DA Davidson upgraded e.l.f. Beauty from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Tuesday, April 16th. Citigroup set a $13.00 price target on e.l.f. Beauty and gave the stock a “hold” rating in a report on Monday. Finally, BMO Capital Markets reduced their price target on e.l.f. Beauty from $14.00 to $7.00 and set a “market perform” rating on the stock in a report on Wednesday, February 27th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $11.00.

Shares of NYSE ELF traded down $0.17 during midday trading on Friday, hitting $11.97. The company’s stock had a trading volume of 350,500 shares, compared to its average volume of 746,516. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.22 and a current ratio of 3.30. e.l.f. Beauty has a 12-month low of $6.70 and a 12-month high of $20.22. The company has a market cap of $604.45 million, a price-to-earnings ratio of 27.20, a PEG ratio of 13.87 and a beta of 1.90.

In related news, insider Scott Milsten sold 15,150 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $9.46, for a total value of $143,319.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO John P. Bailey sold 30,300 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $9.58, for a total value of $290,274.00. The disclosure for this sale can be found here. In the last three months, insiders sold 200,139 shares of company stock worth $1,761,804. 17.10% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in ELF. PNC Financial Services Group Inc. bought a new position in e.l.f. Beauty in the fourth quarter worth approximately $32,000. Quantamental Technologies LLC bought a new position in e.l.f. Beauty in the first quarter worth approximately $36,000. Sun Life Financial INC bought a new position in e.l.f. Beauty in the fourth quarter worth approximately $50,000. BNP Paribas Arbitrage SA grew its stake in e.l.f. Beauty by 862.1% in the first quarter. BNP Paribas Arbitrage SA now owns 5,253 shares of the company’s stock worth $56,000 after purchasing an additional 4,707 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in e.l.f. Beauty in the fourth quarter worth approximately $94,000. 84.10% of the stock is currently owned by institutional investors.

e.l.f. Beauty Company Profile

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.

Read More: What is a Tariff?

Get a free copy of the Zacks research report on e.l.f. Beauty (ELF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for e.l.f. Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for e.l.f. Beauty and related companies with MarketBeat.com's FREE daily email newsletter.