Wall Street analysts forecast that e.l.f. Beauty Inc (NYSE:ELF) will report $60.01 million in sales for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for e.l.f. Beauty’s earnings. The highest sales estimate is $61.09 million and the lowest is $58.90 million. e.l.f. Beauty posted sales of $71.87 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 16.5%. The firm is expected to issue its next earnings results on Wednesday, November 14th.
According to Zacks, analysts expect that e.l.f. Beauty will report full year sales of $271.94 million for the current year, with estimates ranging from $266.90 million to $275.20 million. For the next financial year, analysts forecast that the business will report sales of $279.64 million, with estimates ranging from $267.30 million to $286.60 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow e.l.f. Beauty.
e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, August 8th. The company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.07. e.l.f. Beauty had a net margin of 10.52% and a return on equity of 11.60%. The firm had revenue of $59.06 million during the quarter, compared to analysts’ expectations of $59.20 million. During the same period in the previous year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year.
A number of research firms have commented on ELF. Oppenheimer reaffirmed a “market perform” rating on shares of e.l.f. Beauty in a research report on Thursday, July 26th. Piper Jaffray Companies downgraded e.l.f. Beauty from a “neutral” rating to an “underweight” rating and lifted their target price for the stock from $17.00 to $23.00 in a report on Thursday, August 9th. SunTrust Banks dropped their target price on e.l.f. Beauty to $14.00 and set a “buy” rating for the company in a report on Monday, August 13th. Stifel Nicolaus dropped their target price on e.l.f. Beauty from $17.00 to $11.00 and set a “hold” rating for the company in a report on Thursday, August 9th. Finally, Jefferies Financial Group set a $13.00 target price on e.l.f. Beauty and gave the stock a “hold” rating in a report on Wednesday, September 12th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.44.
ELF stock opened at $12.73 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.58 and a quick ratio of 1.72. e.l.f. Beauty has a one year low of $9.30 and a one year high of $23.85. The firm has a market cap of $607.14 million, a price-to-earnings ratio of 28.36, a P/E/G ratio of 5.89 and a beta of 1.10.
In related news, insider Scott Milsten sold 8,328 shares of the business’s stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $13.22, for a total value of $110,096.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John P. Bailey sold 86,600 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $13.35, for a total value of $1,156,110.00. The disclosure for this sale can be found here. Insiders have sold 206,540 shares of company stock valued at $2,889,744 in the last three months. Insiders own 16.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. FMR LLC raised its stake in e.l.f. Beauty by 13.7% in the second 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. BlackRock Inc. raised its stake in e.l.f. Beauty by 7.1% in the second 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. Massachusetts Financial Services Co. MA raised its stake in e.l.f. Beauty by 19.1% in the second 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. Canada Pension Plan Investment Board acquired a new position in e.l.f. Beauty in the second quarter valued at about $10,642,000. Finally, Stephens Investment Management Group LLC raised its stake in e.l.f. Beauty by 3.5% in the second quarter. Stephens Investment Management Group LLC now owns 547,999 shares of the company’s stock valued at $8,763,000 after purchasing an additional 18,724 shares in the last quarter. 87.82% of the stock is owned by institutional investors and hedge funds.
About e.l.f. Beauty
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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