Analysts Expect e.l.f. Beauty Inc (NYSE:ELF) Will Announce Quarterly Sales of $54.84 Million
Wall Street brokerages expect e.l.f. Beauty Inc (NYSE:ELF) to post $54.84 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for e.l.f. Beauty’s earnings, with the highest sales estimate coming in at $57.30 million and the lowest estimate coming in at $51.57 million. The firm is expected to issue its next quarterly earnings report on Wednesday, August 9th.
On average, analysts expect that e.l.f. Beauty will report full-year sales of $54.84 million for the current fiscal year, with estimates ranging from $288.98 million to $293.20 million. For the next fiscal year, analysts anticipate that the firm will post sales of $352.49 million per share, with estimates ranging from $346.00 million to $360.08 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow e.l.f. Beauty.
e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, May 10th. The company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.04. e.l.f. Beauty had a return on equity of 5.96% and a net margin of 3.57%. The company had revenue of $60.60 million during the quarter, compared to analyst estimates of $59.87 million. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis.
Several analysts recently weighed in on the company. Piper Jaffray Companies set a $34.00 price objective on e.l.f. Beauty and gave the stock a “buy” rating in a research report on Thursday, May 11th. Cowen and Company set a $34.00 price objective on e.l.f. Beauty and gave the stock a “buy” rating in a research report on Thursday, May 11th. Zacks Investment Research upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Tuesday, May 9th. BMO Capital Markets set a $38.00 price objective on e.l.f. Beauty and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Finally, Jefferies Group LLC restated a “buy” rating and set a $30.00 price objective on shares of e.l.f. Beauty in a research report on Monday, June 19th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $31.25.
Shares of e.l.f. Beauty (NYSE:ELF) traded down 1.30% during mid-day trading on Friday, hitting $25.05. The stock had a trading volume of 635,592 shares. The stock’s 50-day moving average price is $26.03 and its 200 day moving average price is $27.12. The company’s market capitalization is $1.14 billion. e.l.f. Beauty has a 1-year low of $23.73 and a 1-year high of $32.54.
In other e.l.f. Beauty news, insider John P. Bailey sold 16,666 shares of the company’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $28.00, for a total value of $466,648.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott Milsten sold 8,000 shares of the company’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $25.83, for a total value of $206,640.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 105,380 shares of company stock valued at $2,786,783.
Institutional investors have recently modified their holdings of the company. First Mercantile Trust Co. purchased a new position in shares of e.l.f. Beauty during the first quarter worth about $150,000. American International Group Inc. purchased a new position in shares of e.l.f. Beauty during the first quarter worth about $162,000. Invictus RG purchased a new position in shares of e.l.f. Beauty during the first quarter worth about $200,000. LMR Partners LLP purchased a new position in shares of e.l.f. Beauty during the first quarter worth about $288,000. Finally, Metropolitan Life Insurance Co. NY purchased a new position in shares of e.l.f. Beauty during the fourth quarter worth about $313,000. 96.58% of the stock is owned by institutional investors and hedge funds.
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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.
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