Ellie Mae (NYSE:ELLI) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $1.68-1.78 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.62. The company issued revenue guidance of $495-505 million, compared to the consensus revenue estimate of $490.37 million.Ellie Mae also updated its Q1 guidance to $0.07-0.09 EPS.
Ellie Mae (NYSE:ELLI) opened at $90.53 on Friday. The firm has a market capitalization of $3,013.63, a price-to-earnings ratio of 61.17, a price-to-earnings-growth ratio of 7.97 and a beta of 0.57. Ellie Mae has a 1 year low of $79.71 and a 1 year high of $114.95.
Ellie Mae (NYSE:ELLI) last released its quarterly earnings results on Thursday, February 8th. The software maker reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $112.89 million during the quarter, compared to the consensus estimate of $108.27 million. Ellie Mae had a return on equity of 5.43% and a net margin of 12.67%. Ellie Mae’s revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share. analysts anticipate that Ellie Mae will post 0.73 earnings per share for the current fiscal year.
In related news, insider Sigmund Anderman sold 18,726 shares of Ellie Mae stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $88.80, for a total value of $1,662,868.80. Following the transaction, the insider now owns 81,087 shares in the company, valued at $7,200,525.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gates Cathleen Schreiner sold 1,900 shares of Ellie Mae stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $86.01, for a total value of $163,419.00. Following the completion of the transaction, the executive vice president now owns 43,149 shares in the company, valued at approximately $3,711,245.49. The disclosure for this sale can be found here. Insiders have sold 59,721 shares of company stock worth $5,402,858 in the last 90 days. Insiders own 3.39% of the company’s stock.
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About Ellie Mae
Ellie Mae, Inc is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. Banks, credit unions, mortgage lenders and mortgage brokers use the Company’s Encompass mortgage management solution to originate and fund mortgages. The Company’s Encompass software is an enterprise solution that handles functions involved in running the business of originating mortgages, including customer relationship management; loan processing; underwriting; preparation of application, disclosure and closing documents; funding and closing the loan for the borrower; compliance with regulatory and investor requirements, and overall enterprise management.
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