FY2018 EPS Estimates for e.l.f. Beauty Inc Decreased by Analyst (ELF)

e.l.f. Beauty Inc (NYSE:ELF) – Stock analysts at William Blair cut their FY2018 EPS estimates for e.l.f. Beauty in a report released on Wednesday. William Blair analyst J. Andersen now anticipates that the company will earn $0.42 per share for the year, down from their previous estimate of $0.44.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company posted $0.09 earnings per share. e.l.f. Beauty’s revenue for the quarter was up 27.7% compared to the same quarter last year.

A number of other analysts have also recently issued reports on the company. Piper Jaffray Companies cut e.l.f. Beauty from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $26.00 to $23.00 in a research report on Wednesday, November 8th. Wells Fargo & Co reissued a “hold” rating and set a $19.00 price objective on shares of e.l.f. Beauty in a research report on Thursday, November 9th. Zacks Investment Research cut e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Cowen reissued an “outperform” rating and set a $22.00 price objective (down previously from $34.00) on shares of e.l.f. Beauty in a research report on Thursday, November 9th. Finally, JPMorgan Chase & Co. cut e.l.f. Beauty from a “neutral” rating to an “underweight” rating and set a $18.00 price objective for the company. in a research report on Friday, December 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. e.l.f. Beauty currently has a consensus rating of “Buy” and an average price target of $23.56.

e.l.f. Beauty (NYSE:ELF) traded up $0.55 on Friday, reaching $19.72. The company had a trading volume of 1,147,300 shares, compared to its average volume of 983,338. The firm has a market capitalization of $882.17 and a PE ratio of 51.89. e.l.f. Beauty has a 52-week low of $18.52 and a 52-week high of $31.10. The company has a current ratio of 2.17, a quick ratio of 0.95 and a debt-to-equity ratio of 0.89.

In other e.l.f. Beauty news, insider Jonathan T. Fieldman sold 4,137 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $23.00, for a total value of $95,151.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 16.50% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Sterling Capital Management LLC lifted its position in shares of e.l.f. Beauty by 56.3% during the 2nd quarter. Sterling Capital Management LLC now owns 41,348 shares of the company’s stock worth $1,125,000 after purchasing an additional 14,891 shares during the last quarter. Capital World Investors acquired a new position in shares of e.l.f. Beauty during the 2nd quarter worth about $31,144,000. Skylands Capital LLC lifted its position in shares of e.l.f. Beauty by 96.3% during the 3rd quarter. Skylands Capital LLC now owns 20,220 shares of the company’s stock worth $456,000 after purchasing an additional 9,920 shares during the last quarter. Icon Advisers Inc. Co. acquired a new position in shares of e.l.f. Beauty during the 3rd quarter worth about $620,000. Finally, New York State Common Retirement Fund lifted its position in shares of e.l.f. Beauty by 81.8% during the 2nd quarter. New York State Common Retirement Fund now owns 28,226 shares of the company’s stock worth $768,000 after purchasing an additional 12,699 shares during the last quarter. 91.24% of the stock is owned by institutional investors.

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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.

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

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