Equities analysts expect e.l.f. Beauty Inc (NYSE:ELF) to post $68.18 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for e.l.f. Beauty’s earnings, with the lowest sales estimate coming in at $67.20 million and the highest estimate coming in at $68.84 million. e.l.f. Beauty reported sales of $66.14 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.1%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that e.l.f. Beauty will report full year sales of $276.65 million for the current financial year, with estimates ranging from $275.30 million to $279.00 million. For the next fiscal year, analysts anticipate that the company will report sales of $291.15 million, with estimates ranging from $285.20 million to $304.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for e.l.f. Beauty.
e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.09. The company had revenue of $80.80 million during the quarter, compared to the consensus estimate of $73.53 million. e.l.f. Beauty had a net margin of 0.11% and a return on equity of 7.30%. e.l.f. Beauty’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 earnings per share.
ELF has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of e.l.f. Beauty from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. William Blair reissued a “buy” rating on shares of e.l.f. Beauty in a research note on Friday, December 20th. Morgan Stanley boosted their price objective on shares of e.l.f. Beauty from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Zacks Investment Research raised shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research note on Monday. Finally, ValuEngine raised shares of e.l.f. Beauty from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $18.64.
NYSE:ELF traded down $0.09 during trading hours on Friday, reaching $19.75. The company’s stock had a trading volume of 1,041,214 shares, compared to its average volume of 875,262. The company has a market capitalization of $952.20 million, a P/E ratio of -1,973.03, a price-to-earnings-growth ratio of 13.11 and a beta of 2.29. e.l.f. Beauty has a 12 month low of $6.70 and a 12 month high of $20.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.92 and a current ratio of 2.71. The stock has a 50 day moving average price of $16.19 and a two-hundred day moving average price of $16.64.
In other e.l.f. Beauty news, major shareholder Tpg Growth Ii Advisors, Inc. sold 3,565,550 shares of e.l.f. Beauty stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $15.73, for a total value of $56,086,101.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Richard F. Baruch, Jr. sold 8,902 shares of e.l.f. Beauty stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $16.00, for a total transaction of $142,432.00. The disclosure for this sale can be found here. Insiders sold 3,607,836 shares of company stock worth $56,762,678 over the last ninety days. Corporate insiders own 17.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ELF. Champlain Investment Partners LLC grew its holdings in shares of e.l.f. Beauty by 10.3% during the fourth quarter. Champlain Investment Partners LLC now owns 3,644,615 shares of the company’s stock valued at $58,788,000 after buying an additional 341,285 shares during the last quarter. Cramer Rosenthal Mcglynn LLC grew its holdings in shares of e.l.f. Beauty by 21.8% during the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 1,941,521 shares of the company’s stock valued at $31,317,000 after buying an additional 346,895 shares during the last quarter. BlackRock Inc. grew its holdings in shares of e.l.f. Beauty by 5.6% during the second quarter. BlackRock Inc. now owns 1,710,604 shares of the company’s stock valued at $24,120,000 after buying an additional 90,359 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of e.l.f. Beauty during the fourth quarter valued at $13,704,000. Finally, Renaissance Technologies LLC grew its holdings in shares of e.l.f. Beauty by 61.6% during the fourth quarter. Renaissance Technologies LLC now owns 684,100 shares of the company’s stock valued at $11,035,000 after buying an additional 260,700 shares during the last quarter. 83.50% of the stock is currently owned by institutional investors and hedge funds.
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.
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