e.l.f. Beauty Inc. (ELF) to Post Q4 2017 Earnings of $0.13 Per Share, William Blair Forecasts
e.l.f. Beauty Inc. (NYSE:ELF) – Research analysts at William Blair lifted their Q4 2017 earnings per share estimates for shares of e.l.f. Beauty in a report issued on Wednesday. William Blair analyst J. Andersen now forecasts that the company will earn $0.13 per share for the quarter, up from their previous estimate of $0.12.
Other equities research analysts also recently issued reports about the company. BMO Capital Markets set a $38.00 target price on e.l.f. Beauty and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Citigroup Inc. started coverage on e.l.f. Beauty in a research report on Tuesday, July 25th. They issued a “buy” rating and a $30.00 target price on the stock. Piper Jaffray Companies set a $26.00 target price on e.l.f. Beauty and gave the stock a “buy” rating in a research report on Wednesday, October 18th. DA Davidson reiterated a “buy” rating and issued a $26.00 target price on shares of e.l.f. Beauty in a research report on Wednesday, September 27th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $30.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. e.l.f. Beauty currently has a consensus rating of “Buy” and a consensus target price of $24.27.
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e.l.f. Beauty (NYSE ELF) opened at $19.05 on Monday. e.l.f. Beauty has a 52-week low of $18.52 and a 52-week high of $32.54. The company has a market capitalization of $881.25, a PE ratio of 44.30, a PEG ratio of 3.34 and a beta of 3.53. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.17 and a quick ratio of 0.95.
e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.14. e.l.f. Beauty had a return on equity of 13.90% and a net margin of 7.02%. The business had revenue of $71.90 million for the quarter, compared to the consensus estimate of $68.38 million. During the same period in the previous year, the business earned $0.09 earnings per share. The business’s revenue was up 27.7% on a year-over-year basis.
In other e.l.f. Beauty news, insider Scott Milsten sold 5,172 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $19.52, for a total transaction of $100,957.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan T. Fieldman sold 4,137 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $23.00, for a total value of $95,151.00. The disclosure for this sale can be found here. Insiders have sold 15,468 shares of company stock worth $348,359 over the last three months. 16.50% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of ELF. Capital World Investors bought a new stake in e.l.f. Beauty during the second quarter worth approximately $31,144,000. Ameriprise Financial Inc. bought a new position in shares of e.l.f. Beauty during the third quarter valued at approximately $20,359,000. TimesSquare Capital Management LLC grew its stake in shares of e.l.f. Beauty by 115.0% during the second quarter. TimesSquare Capital Management LLC now owns 1,430,000 shares of the company’s stock valued at $38,910,000 after buying an additional 765,000 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of e.l.f. Beauty by 67.3% during the first quarter. Vanguard Group Inc. now owns 1,322,465 shares of the company’s stock valued at $38,087,000 after buying an additional 531,777 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of e.l.f. Beauty by 258.4% during the second quarter. Jennison Associates LLC now owns 716,794 shares of the company’s stock valued at $19,504,000 after buying an additional 516,794 shares during the last quarter. 87.01% of the stock is currently owned by institutional investors.
e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc, formerly J.A. Cosmetics Holdings, Inc, is a cosmetic company. The Company conducts its business under the name e.l.f. Cosmetics, and offers products for eyes, lips and face to consumers through its retail customers, e.l.f. stores and e-commerce channels. The Company offers a range of products for eyes, such as eyeshadow, eyeliner, mascara and eyelashes, eyebrows, concealer and primer, brushes and tools, and sets and palettes.
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