e.l.f. Beauty Inc. (NYSE:ELF) – Equities research analysts at SunTrust Banks lowered their Q4 2017 EPS estimates for e.l.f. Beauty in a report released on Wednesday. SunTrust Banks analyst W. Chappell now anticipates that the company will earn $0.13 per share for the quarter, down from their previous forecast of $0.15.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.14. The company had revenue of $71.90 million for the quarter, compared to analyst estimates of $68.38 million. e.l.f. Beauty had a net margin of 7.02% and a return on equity of 13.90%. The firm’s revenue was up 27.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 earnings per share. WARNING: This piece was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://www.thecerbatgem.com/2017/11/14/suntrust-banks-analysts-reduce-earnings-estimates-for-e-l-f-beauty-inc-elf.html.

Other equities analysts have also issued reports about the stock. Citigroup Inc. began coverage on shares of e.l.f. Beauty in a research note on Tuesday, July 25th. They issued a “buy” rating and a $30.00 price target on the stock. Piper Jaffray Companies set a $32.00 price target on shares of e.l.f. Beauty and gave the company a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research note on Monday. Morgan Stanley lowered their target price on shares of e.l.f. Beauty from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 9th. Finally, Stifel Nicolaus set a $25.00 target price on shares of e.l.f. Beauty and gave the stock a “hold” rating in a research report on Thursday, August 10th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $24.27.

e.l.f. Beauty (NYSE ELF) opened at $19.61 on Monday. The company has a market cap of $881.25, a P/E ratio of 44.30, a price-to-earnings-growth ratio of 3.34 and a beta of 3.53. e.l.f. Beauty has a one year low of $18.52 and a one year high of $32.54. The company has a quick ratio of 0.95, a current ratio of 2.17 and a debt-to-equity ratio of 0.89.

In related news, insider Scott Milsten sold 5,172 shares of e.l.f. Beauty stock in a transaction on 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 is available through the SEC website. Also, insider Jonathan T. Fieldman sold 4,137 shares of e.l.f. Beauty stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $23.00, for a total transaction of $95,151.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,468 shares of company stock worth $348,359. 16.50% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Nicholas Investment Partners LP lifted its holdings in e.l.f. Beauty by 26.6% in the third quarter. Nicholas Investment Partners LP now owns 87,507 shares of the company’s stock valued at $1,973,000 after acquiring an additional 18,381 shares during the period. Elk Creek Partners LLC lifted its holdings in e.l.f. Beauty by 12.6% in the third quarter. Elk Creek Partners LLC now owns 473,904 shares of the company’s stock valued at $10,687,000 after acquiring an additional 52,870 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in e.l.f. Beauty by 5.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 78,153 shares of the company’s stock valued at $1,763,000 after acquiring an additional 4,040 shares during the period. Wells Fargo & Company MN lifted its holdings in e.l.f. Beauty by 19.1% in the third quarter. Wells Fargo & Company MN now owns 126,189 shares of the company’s stock valued at $2,846,000 after acquiring an additional 20,194 shares during the period. Finally, Picton Mahoney Asset Management lifted its holdings in e.l.f. Beauty by 4.5% in the third quarter. Picton Mahoney Asset Management now owns 276,800 shares of the company’s stock valued at $6,242,000 after acquiring an additional 12,000 shares during the period. 87.01% of the stock is owned by institutional investors.

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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