e.l.f. Beauty Inc (ELF) Expected to Announce Earnings of $0.25 Per Share

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Brokerages expect that e.l.f. Beauty Inc (NYSE:ELF) will announce earnings per share (EPS) of $0.25 for the current quarter, according to Zacks. Nine analysts have made estimates for e.l.f. Beauty’s earnings, with estimates ranging from $0.21 to $0.29. e.l.f. Beauty reported earnings of $0.26 per share in the same quarter last year, which indicates a negative year over year growth rate of 3.8%. The firm is scheduled to report its next quarterly earnings report on Tuesday, February 26th.

According to Zacks, analysts expect that e.l.f. Beauty will report full year earnings of $0.56 per share for the current year, with EPS estimates ranging from $0.52 to $0.61. For the next fiscal year, analysts expect that the company will post earnings of $0.56 per share, with EPS estimates ranging from $0.46 to $0.62. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for e.l.f. Beauty.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Monday, November 5th. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.09. e.l.f. Beauty had a return on equity of 11.60% and a net margin of 10.52%. The firm had revenue of $63.90 million for the quarter, compared to analyst estimates of $60.09 million. During the same period last year, the company earned $0.17 earnings per share. The firm’s revenue for the quarter was down 11.1% on a year-over-year basis.

Several equities research analysts have weighed in on the company. Oppenheimer reaffirmed a “market perform” rating on shares of e.l.f. Beauty in a research report on Thursday, July 26th. BMO Capital Markets set a $13.00 target price on e.l.f. Beauty and gave the stock a “hold” rating in a research report on Wednesday, August 8th. Citigroup set a $15.00 target price on e.l.f. Beauty and gave the stock a “hold” rating in a research report on Wednesday. Piper Jaffray Companies lowered e.l.f. Beauty from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $17.00 to $23.00 in a research report on Thursday, August 9th. Finally, Stifel Nicolaus dropped their target price on e.l.f. Beauty from $17.00 to $11.00 and set a “hold” rating on the stock in a research report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $16.44.

In other e.l.f. Beauty news, CEO Tarang Amin purchased 65,600 shares of the stock in a transaction dated Tuesday, August 14th. The shares were bought at an average cost of $10.76 per share, with a total value of $705,856.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John P. Bailey sold 86,600 shares of the firm’s stock in a transaction on Tuesday, October 23rd. The shares were sold at an average price of $10.61, for a total value of $918,826.00. The disclosure for this sale can be found here. Insiders have sold 423,040 shares of company stock worth $5,289,430 over the last three months. Corporate insiders own 15.50% of the company’s stock.

A number of hedge funds have recently made changes to their positions in ELF. Canada Pension Plan Investment Board bought a new position in e.l.f. Beauty during the second quarter valued at about $10,642,000. FMR LLC boosted its stake in e.l.f. Beauty by 13.7% during the second quarter. FMR LLC now owns 3,949,700 shares of the company’s stock valued at $60,193,000 after buying an additional 477,400 shares in the last quarter. Confluence Investment Management LLC bought a new position in e.l.f. Beauty during the third quarter valued at about $5,446,000. Millennium Management LLC boosted its stake in e.l.f. Beauty by 1,608.9% during the second quarter. Millennium Management LLC now owns 172,632 shares of the company’s stock valued at $2,631,000 after buying an additional 162,530 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in e.l.f. Beauty by 19.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 870,793 shares of the company’s stock valued at $13,271,000 after buying an additional 139,610 shares in the last quarter. 86.83% of the stock is owned by institutional investors and hedge funds.

NYSE ELF traded up $0.21 during trading hours on Wednesday, hitting $13.44. The company had a trading volume of 1,532,700 shares, compared to its average volume of 573,131. e.l.f. Beauty has a fifty-two week low of $9.30 and a fifty-two week high of $23.85. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.58 and a quick ratio of 1.72. The firm has a market capitalization of $517.21 million, a PE ratio of 28.00, a P/E/G ratio of 5.02 and a beta of 1.35.

About e.l.f. Beauty

e.l.f. Beauty, Inc operates as a beauty company. The company offers cosmetics, including face makeup, eye makeup, lip products, nail products, and cosmetics sets/kits; and skin care products under the e.l.f. brand name. It sells its products through direct-to-consumer channels, which include e-commerce and e.l.f.

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

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