Analysts expect that Ellie Mae Inc (NYSE:ELLI) will report earnings per share (EPS) of $0.54 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Ellie Mae’s earnings. The lowest EPS estimate is $0.53 and the highest is $0.56. Ellie Mae posted earnings of $0.53 per share in the same quarter last year, which would suggest a positive year over year growth rate of 1.9%. The firm is expected to issue its next quarterly earnings results after the market closes on Thursday, October 25th.
According to Zacks, analysts expect that Ellie Mae will report full-year earnings of $1.88 per share for the current fiscal year, with EPS estimates ranging from $1.84 to $1.92. For the next financial year, analysts expect that the company will post earnings of $2.42 per share, with EPS estimates ranging from $2.10 to $2.65. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Ellie Mae.
Ellie Mae (NYSE:ELLI) last released its quarterly earnings data on Thursday, July 26th. The software maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. The business had revenue of $125.00 million for the quarter, compared to analysts’ expectations of $123.79 million. Ellie Mae had a return on equity of 4.50% and a net margin of 7.81%. Ellie Mae’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share.
A number of analysts have recently issued reports on the company. Royal Bank of Canada boosted their price objective on Ellie Mae to $125.00 and gave the company an “outperform” rating in a research report on Monday, June 18th. JPMorgan Chase & Co. cut Ellie Mae from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $112.00 to $118.00 in a research report on Thursday, June 21st. They noted that the move was a valuation call. KeyCorp boosted their price target on Ellie Mae from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. JMP Securities boosted their price target on Ellie Mae from $120.00 to $125.00 and gave the company a “market outperform” rating in a research note on Friday, July 27th. Finally, ValuEngine raised Ellie Mae from a “hold” rating to a “buy” rating in a research note on Friday, July 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $107.71.
Shares of ELLI traded up $2.39 on Friday, reaching $85.74. 1,099,459 shares of the stock traded hands, compared to its average volume of 495,404. The stock has a market cap of $3.28 billion, a PE ratio of 83.24, a P/E/G ratio of 5.27 and a beta of 0.77. Ellie Mae has a 12 month low of $82.03 and a 12 month high of $116.90.
In other Ellie Mae news, Director A Barr Dolan sold 3,000 shares of the business’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $104.57, for a total value of $313,710.00. Following the transaction, the director now owns 9,212 shares of the company’s stock, valued at $963,298.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jonathan Corr sold 589 shares of the business’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $101.07, for a total value of $59,530.23. Following the completion of the transaction, the chief executive officer now directly owns 109,572 shares in the company, valued at approximately $11,074,442.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,675 shares of company stock worth $3,664,772. 3.14% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the business. Asset Management One Co. Ltd. boosted its stake in Ellie Mae by 36.4% in the first quarter. Asset Management One Co. Ltd. now owns 2,581 shares of the software maker’s stock worth $237,000 after purchasing an additional 689 shares in the last quarter. WINTON GROUP Ltd acquired a new position in Ellie Mae in the first quarter worth $242,000. Cubist Systematic Strategies LLC boosted its stake in Ellie Mae by 129.8% in the first quarter. Cubist Systematic Strategies LLC now owns 2,643 shares of the software maker’s stock worth $243,000 after purchasing an additional 1,493 shares in the last quarter. Alps Advisors Inc. acquired a new position in Ellie Mae in the second quarter worth $286,000. Finally, NumerixS Investment Technologies Inc acquired a new position in Ellie Mae in the second quarter worth $442,000.
About Ellie Mae
Ellie Mae, Inc provides cloud-based platform for the mortgage finance industry in the United States. The company provides Encompass, a proprietary software solution that combines lead management; loan origination and processing; underwriting; preparation of mortgage applications, disclosure agreements, and closing documents; loan funding and closing; compliance with regulatory and investor requirements; and enterprise management.
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