e.l.f. Beauty Inc. (ELF) to Release Earnings on Wednesday
e.l.f. Beauty Inc. (NYSE:ELF) is set to release its earnings data after the market closes on Wednesday, November 8th. Analysts expect e.l.f. Beauty to post earnings of $0.03 per share for the quarter. e.l.f. Beauty has set its FY17 guidance at $0.40-$0.43 EPS.
e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.07. e.l.f. Beauty had a net margin of 4.16% and a return on equity of 10.54%. The firm had revenue of $55.90 million during the quarter, compared to analyst estimates of $55.73 million. e.l.f. Beauty’s quarterly revenue was up 26.8% compared to the same quarter last year. On average, analysts expect e.l.f. Beauty to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of e.l.f. Beauty Inc. (ELF) traded up $0.23 during mid-day trading on Monday, hitting $20.85. 24,360 shares of the stock were exchanged, compared to its average volume of 522,293. The stock has a market capitalization of $950.59, a P/E ratio of 68.73, a price-to-earnings-growth ratio of 3.73 and a beta of 3.53. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.13 and a quick ratio of 0.70.
Several brokerages recently issued reports on ELF. Stifel Nicolaus set a $25.00 target price on shares of e.l.f. Beauty and gave the company a “hold” rating in a research report on Thursday, August 10th. DA Davidson restated a “buy” rating and set a $26.00 target price on shares of e.l.f. Beauty in a research report on Wednesday, September 27th. Piper Jaffray Companies set a $32.00 target price on shares of e.l.f. Beauty and gave the company a “buy” rating in a research report on Thursday, August 10th. Jefferies Group LLC restated a “buy” rating and set a $30.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, September 26th. Finally, Zacks Investment Research lowered shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $29.57.
In other e.l.f. Beauty news, insider Scott Milsten sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $24.78, for a total value of $148,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John P. Bailey sold 6,159 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $24.72, for a total transaction of $152,250.48. The disclosure for this sale can be found here. Insiders have sold 21,468 shares of company stock valued at $497,039 over the last 90 days. 16.50% of the stock is currently owned by company insiders.
About e.l.f. Beauty
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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