e.l.f. Beauty Inc (NYSE:ELF) Expected to Announce Quarterly Sales of $76.49 Million

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Wall Street brokerages expect e.l.f. Beauty Inc (NYSE:ELF) to post $76.49 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for e.l.f. Beauty’s earnings. The highest sales estimate is $81.57 million and the lowest is $74.60 million. e.l.f. Beauty posted sales of $78.57 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.6%. The firm is expected to report its next earnings results on Tuesday, February 25th.

On average, analysts expect that e.l.f. Beauty will report full year sales of $271.77 million for the current financial year, with estimates ranging from $268.41 million to $276.45 million. For the next financial year, analysts anticipate that the business will post sales of $285.61 million, with estimates ranging from $281.83 million to $290.90 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for e.l.f. Beauty.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. e.l.f. Beauty had a net margin of 0.73% and a return on equity of 8.09%. The business had revenue of $67.60 million during the quarter, compared to the consensus estimate of $61.07 million. During the same quarter last year, the firm earned $0.17 earnings per share. e.l.f. Beauty’s quarterly revenue was up 5.8% on a year-over-year basis.

A number of equities analysts recently weighed in on the stock. SunTrust Banks lifted their target price on shares of e.l.f. Beauty to $20.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Citigroup lifted their target price on shares of e.l.f. Beauty from $16.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, September 23rd. Jefferies Financial Group downgraded shares of e.l.f. Beauty from a “buy” rating to a “hold” rating and lowered their target price for the stock from $20.50 to $20.00 in a research note on Wednesday, November 13th. They noted that the move was a valuation call. DA Davidson set a $21.00 target price on shares of e.l.f. Beauty and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Wells Fargo & Co lifted their target price on shares of e.l.f. Beauty from $12.00 to $13.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.60.

Shares of NYSE ELF opened at $16.38 on Tuesday. e.l.f. Beauty has a twelve month low of $6.70 and a twelve month high of $19.96. The firm has a fifty day simple moving average of $17.07 and a 200 day simple moving average of $15.75. The company has a market capitalization of $828.49 million, a PE ratio of 37.23, a P/E/G ratio of 16.19 and a beta of 2.32. The company has a quick ratio of 2.03, a current ratio of 3.12 and a debt-to-equity ratio of 0.60.

In other e.l.f. Beauty news, CEO Tarang Amin sold 22,753 shares of e.l.f. Beauty stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $17.00, for a total value of $386,801.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Elena Gomez sold 4,500 shares of e.l.f. Beauty stock in a transaction on Friday, September 20th. The shares were sold at an average price of $77.53, for a total transaction of $348,885.00. Over the last ninety days, insiders sold 280,730 shares of company stock valued at $5,232,033. Insiders own 17.10% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its stake in e.l.f. Beauty by 5.6% in the second quarter. BlackRock Inc. now owns 1,710,604 shares of the company’s stock valued at $24,120,000 after purchasing an additional 90,359 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of e.l.f. Beauty by 73.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 699,348 shares of the company’s stock valued at $9,861,000 after buying an additional 297,267 shares during the last quarter. Maverick Capital Ltd. grew its holdings in shares of e.l.f. Beauty by 192.2% during the third quarter. Maverick Capital Ltd. now owns 651,107 shares of the company’s stock valued at $11,401,000 after buying an additional 428,277 shares during the last quarter. Marshall Wace North America L.P. grew its holdings in shares of e.l.f. Beauty by 1,577.8% during the second quarter. Marshall Wace North America L.P. now owns 628,389 shares of the company’s stock valued at $8,860,000 after buying an additional 590,936 shares during the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in shares of e.l.f. Beauty during the second quarter valued at about $8,733,000. 83.26% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce and e.l.f.

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

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