Wall Street brokerages expect e.l.f. Beauty Inc (NYSE:ELF) to post earnings of $0.11 per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for e.l.f. Beauty’s earnings. The highest EPS estimate is $0.16 and the lowest is $0.04. e.l.f. Beauty reported earnings per share of $0.15 during the same quarter last year, which would indicate a negative year over year growth rate of 26.7%. The firm is scheduled to report its next earnings report on Wednesday, November 4th.
On average, analysts expect that e.l.f. Beauty will report full-year earnings of $0.63 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $0.69. For the next financial year, analysts forecast that the business will report earnings of $0.68 per share, with EPS estimates ranging from $0.61 to $0.75. Zacks’ EPS calculations are an average based on a survey of analysts that cover e.l.f. Beauty.
e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.20. e.l.f. Beauty had a return on equity of 8.63% and a net margin of 5.46%.
Several equities analysts recently weighed in on ELF shares. Morgan Stanley lifted their target price on e.l.f. Beauty from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Oppenheimer reiterated a “hold” rating on shares of e.l.f. Beauty in a research report on Thursday, May 21st. Jefferies Financial Group lifted their target price on e.l.f. Beauty from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, July 10th. DA Davidson lifted their target price on e.l.f. Beauty from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Truist Financial lifted their target price on e.l.f. Beauty from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $21.25.
Shares of ELF traded down $0.28 during trading hours on Tuesday, hitting $19.09. The stock had a trading volume of 408,614 shares, compared to its average volume of 561,298. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.54 and a quick ratio of 1.62. e.l.f. Beauty has a 12 month low of $7.58 and a 12 month high of $21.02. The firm has a market capitalization of $968.28 million, a PE ratio of 61.58 and a beta of 2.22. The stock has a fifty day moving average price of $19.04 and a 200 day moving average price of $15.79.
In other e.l.f. Beauty news, Director Maureen C. Watson sold 8,353 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $19.48, for a total transaction of $162,716.44. Following the sale, the director now directly owns 14,227 shares of the company’s stock, valued at $277,141.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard F. Baruch, Jr. sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $19.55, for a total value of $117,300.00. Insiders sold 478,863 shares of company stock worth $9,360,634 over the last quarter. 15.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of ELF. Strs Ohio increased its stake in e.l.f. Beauty by 17.9% during the first quarter. Strs Ohio now owns 48,800 shares of the company’s stock worth $480,000 after acquiring an additional 7,400 shares during the last quarter. Ziegler Capital Management LLC bought a new stake in e.l.f. Beauty during the first quarter worth approximately $1,021,000. UBS Group AG increased its stake in e.l.f. Beauty by 19,345.2% during the first quarter. UBS Group AG now owns 396,682 shares of the company’s stock worth $3,903,000 after acquiring an additional 394,642 shares during the last quarter. BlackRock Inc. grew its stake in shares of e.l.f. Beauty by 1.1% during the first quarter. BlackRock Inc. now owns 1,930,143 shares of the company’s stock valued at $18,993,000 after buying an additional 21,386 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of e.l.f. Beauty during the first quarter valued at approximately $1,451,000. 87.06% 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.
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