Ellie Mae Inc (ELLI) Releases Earnings Results, Beats Estimates By $0.08 EPS

Ellie Mae Inc (NASDAQ:ELLI) issued its quarterly earnings results on Thursday. The company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.08. The company earned $96.20 million during the quarter, compared to the consensus estimate of $88.73 million. During the same quarter in the previous year, the business posted $0.44 EPS. The firm’s revenue for the quarter was up 48.2% on a year-over-year basis.

Ellie Mae (NASDAQ:ELLI) traded down 0.67% on Thursday, reaching $90.18. The company’s stock had a trading volume of 1,220,884 shares. Ellie Mae has a 52-week low of $59.80 and a 52-week high of $109.99. The firm has a market cap of $3.03 billion and a PE ratio of 90.82. The stock’s 50 day moving average price is $84.64 and its 200 day moving average price is $92.65.

A number of brokerages recently commented on ELLI. Pacific Crest restated an “overweight” rating on shares of Ellie Mae in a research report on Saturday, January 7th. Oppenheimer Holdings, Inc. restated an “outperform” rating on shares of Ellie Mae in a research report on Tuesday, December 20th. Royal Bank Of Canada cut Ellie Mae from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $114.00 to $90.00 in a research report on Thursday, November 17th. Zacks Investment Research cut Ellie Mae from a “hold” rating to a “sell” rating in a research report on Friday, October 14th. Finally, RBC Capital Markets cut Ellie Mae from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $114.00 to $90.00 in a research report on Thursday, November 17th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $108.30.

In other news, CEO Jonathan Corr sold 2,732 shares of the company’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $88.61, for a total transaction of $242,082.52. Following the transaction, the chief executive officer now owns 85,533 shares of the company’s stock, valued at approximately $7,579,079.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Edgar Luce sold 5,000 shares of the company’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $81.96, for a total value of $409,800.00. Following the transaction, the chief financial officer now directly owns 49,689 shares in the company, valued at approximately $4,072,510.44. The disclosure for this sale can be found here. Insiders have sold a total of 30,133 shares of company stock worth $2,523,487 in the last ninety days.

TRADEMARK VIOLATION NOTICE: “Ellie Mae Inc (ELLI) Releases Earnings Results, Beats Estimates By $0.08 EPS” was posted by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The original version of this article can be read at https://www.com-unik.info/2017/02/09/ellie-mae-inc-elli-releases-earnings-results-beats-estimates-by-0-08-eps.html.

Ellie Mae Company Profile

Ellie Mae, Inc (Ellie Mae) is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. The Company’s Encompass all-in-one mortgage management solution provides one system of record that allows banks, credit unions, and mortgage lenders to originate and fund mortgages and improve compliance, loan quality, and efficiency.

5 Day Chart for NASDAQ:ELLI

What are top analysts saying about Ellie Mae Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ellie Mae Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit