Research Analysts Issue Forecasts for e.l.f. Beauty Inc.’s Q4 2017 Earnings (ELF)
e.l.f. Beauty Inc. (NYSE:ELF) – Stock analysts at Jefferies Group lowered their Q4 2017 earnings per share estimates for e.l.f. Beauty in a research note issued to investors on Tuesday. Jefferies Group analyst S. Wissink now expects that the company will earn $0.14 per share for the quarter, down from their prior forecast of $0.18. Jefferies Group currently has a “Buy” rating and a $30.00 target price on the stock. Jefferies Group also issued estimates for e.l.f. Beauty’s Q1 2018 earnings at $0.05 EPS, Q1 2019 earnings at $0.10 EPS and Q3 2019 earnings at $0.13 EPS.
A number of other research analysts have also commented on ELF. Piper Jaffray Companies set a $34.00 price objective on shares of e.l.f. Beauty and gave the company a “buy” rating in a research note on Saturday, June 10th. BMO Capital Markets restated an “outperform” rating and issued a $38.00 price target on shares of e.l.f. Beauty in a research report on Monday, June 12th. Cowen and Company restated an “outperform” rating and issued a $34.00 price target on shares of e.l.f. Beauty in a research report on Monday, June 12th. Zacks Investment Research upgraded shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Citigroup Inc. started coverage on shares of e.l.f. Beauty in a research report on Tuesday, July 25th. They issued a “buy” rating and a $30.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $30.56.
Shares of e.l.f. Beauty (NYSE:ELF) opened at 21.62 on Wednesday. The firm’s market cap is $996.68 million. e.l.f. Beauty has a 12-month low of $18.84 and a 12-month high of $32.54. The company has a 50 day moving average price of $20.61 and a 200-day moving average price of $20.61.
e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, August 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.07. e.l.f. Beauty had a return on equity of 10.54% and a net margin of 4.16%. The company had revenue of $55.90 million for the quarter, compared to analysts’ expectations of $55.73 million. The business’s revenue was up 26.8% compared to the same quarter last year.
In other e.l.f. Beauty news, insider Scott Milsten sold 5,172 shares of the business’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $19.52, for a total value of $100,957.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John P. Bailey sold 6,159 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $26.18, for a total transaction of $161,242.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,029 shares of company stock worth $2,107,383. Company insiders own 16.50% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in ELF. Morgan Stanley boosted its position in e.l.f. Beauty by 1,683.9% in the first quarter. Morgan Stanley now owns 3,197,658 shares of the company’s stock valued at $92,092,000 after buying an additional 3,018,407 shares in the last quarter. FMR LLC boosted its position in e.l.f. Beauty by 1,338.1% in the first quarter. FMR LLC now owns 2,723,783 shares of the company’s stock valued at $78,445,000 after buying an additional 2,534,383 shares in the last quarter. Capital World Investors acquired a new position in e.l.f. Beauty in the second quarter valued at about $31,144,000. TimesSquare Capital Management LLC boosted its position in e.l.f. Beauty by 115.0% in 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 in the last quarter. Finally, Citadel Advisors LLC boosted its position in e.l.f. Beauty by 2,804.1% in the first quarter. Citadel Advisors LLC now owns 584,022 shares of the company’s stock valued at $16,820,000 after buying an additional 563,912 shares in the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.
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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