e.l.f. Beauty (NYSE:ELF) Issues FY23 Earnings Guidance

e.l.f. Beauty (NYSE:ELFGet Rating) updated its FY23 earnings guidance on Wednesday. The company provided EPS guidance of $0.78-0.81 for the period, compared to the consensus EPS estimate of $0.84. The company issued revenue guidance of $432-440 million, compared to the consensus revenue estimate of $401.63 million.e.l.f. Beauty also updated its FY 2023 guidance to $0.78-$0.81 EPS.

Several analysts have recently commented on the company. Zacks Investment Research downgraded e.l.f. Beauty from a hold rating to a sell rating in a research note on Thursday, January 27th. StockNews.com assumed coverage on e.l.f. Beauty in a research note on Thursday, March 31st. They issued a hold rating for the company. Raymond James reduced their target price on e.l.f. Beauty from $35.00 to $33.00 and set an outperform rating for the company in a research note on Monday, April 18th. Piper Sandler cut their price target on e.l.f. Beauty from $32.00 to $29.00 and set a neutral rating for the company in a research note on Tuesday, April 19th. Finally, DA Davidson lifted their price target on e.l.f. Beauty from $40.00 to $41.00 and gave the company a buy rating in a research note on Thursday, February 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $34.67.

ELF stock traded up $1.10 during mid-day trading on Wednesday, reaching $22.15. 886,525 shares of the company traded hands, compared to its average volume of 460,632. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 58.29 and a beta of 1.91. The company has a quick ratio of 1.60, a current ratio of 2.96 and a debt-to-equity ratio of 0.30. e.l.f. Beauty has a fifty-two week low of $20.49 and a fifty-two week high of $33.63. The firm’s 50 day moving average price is $24.43 and its 200 day moving average price is $27.51.

e.l.f. Beauty (NYSE:ELFGet Rating) last posted its earnings results on Wednesday, May 25th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.06 by $0.07. e.l.f. Beauty had a net margin of 5.32% and a return on equity of 10.77%. The firm had revenue of $105.14 million for the quarter, compared to analysts’ expectations of $91.22 million. During the same quarter last year, the firm earned $0.10 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, analysts anticipate that e.l.f. Beauty will post 0.52 EPS for the current fiscal year.

In related news, insider Scott Milsten sold 25,027 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, March 3rd. The shares were sold at an average price of $25.47, for a total value of $637,437.69. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Tarang Amin sold 42,561 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of $26.02, for a total transaction of $1,107,437.22. Following the completion of the sale, the chief executive officer now directly owns 439,674 shares in the company, valued at approximately $11,440,317.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 120,294 shares of company stock worth $3,067,775. Insiders own 11.10% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Citigroup Inc. raised its holdings in shares of e.l.f. Beauty by 12.4% in the 1st quarter. Citigroup Inc. now owns 41,711 shares of the company’s stock worth $1,077,000 after purchasing an additional 4,617 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in e.l.f. Beauty by 14.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,339 shares of the company’s stock valued at $1,068,000 after acquiring an additional 5,156 shares during the period. MetLife Investment Management LLC raised its holdings in e.l.f. Beauty by 53.3% during the 1st quarter. MetLife Investment Management LLC now owns 26,424 shares of the company’s stock valued at $683,000 after acquiring an additional 9,189 shares during the period. State of Tennessee Treasury Department raised its holdings in e.l.f. Beauty by 23.4% during the 4th quarter. State of Tennessee Treasury Department now owns 15,274 shares of the company’s stock valued at $507,000 after acquiring an additional 2,895 shares during the period. Finally, Quantbot Technologies LP raised its holdings in e.l.f. Beauty by 31.2% during the 1st quarter. Quantbot Technologies LP now owns 16,761 shares of the company’s stock valued at $432,000 after acquiring an additional 3,990 shares during the period. 90.95% of the stock is currently owned by institutional investors.

e.l.f. Beauty Company Profile (Get Rating)

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f., W3LL PEOPLE, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States; and internationally primarily through distributors.

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

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