Ellie Mae (NYSE:ELLI) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.68-1.78 for the period, compared to the Thomson Reuters consensus estimate of $1.73. The company issued revenue guidance of $495-505 million, compared to the consensus revenue estimate of $496.92 million.Ellie Mae also updated its Q2 guidance to $0.38-0.43 EPS.
NYSE ELLI traded up $1.57 during trading on Thursday, hitting $90.15. The stock had a trading volume of 1,076,067 shares, compared to its average volume of 470,262. The stock has a market capitalization of $3,069.63, a price-to-earnings ratio of 87.52, a PEG ratio of 7.73 and a beta of 0.53. Ellie Mae has a 12 month low of $79.71 and a 12 month high of $114.95.
Ellie Mae (NYSE:ELLI) last released its earnings results on Thursday, February 8th. The software maker reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The firm had revenue of $112.89 million for the quarter, compared to analysts’ expectations of $108.27 million. Ellie Mae had a return on equity of 5.39% and a net margin of 12.67%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS. sell-side analysts forecast that Ellie Mae will post 0.77 earnings per share for the current fiscal year.
In other news, CEO Jonathan Corr sold 589 shares of the company’s stock in a transaction on Wednesday, April 11th. The stock was sold at an average price of $94.34, for a total transaction of $55,566.26. Following the completion of the sale, the chief executive officer now directly owns 109,572 shares in the company, valued at approximately $10,337,022.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Sigmund Anderman sold 5,987 shares of the company’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $93.70, for a total value of $560,981.90. Following the sale, the director now owns 49,363 shares of the company’s stock, valued at $4,625,313.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,999 shares of company stock valued at $5,194,843. Corporate insiders own 3.14% of the company’s stock.
Ellie Mae Company Profile
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.
Receive News & Ratings for Ellie Mae Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellie Mae and related companies with MarketBeat.com's FREE daily email newsletter.