Zacks: Brokerages Anticipate e.l.f. Beauty Inc (ELF) Will Announce Quarterly Sales of $53.59 Million

Wall Street brokerages expect e.l.f. Beauty Inc (NYSE:ELF) to post sales of $53.59 million for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for e.l.f. Beauty’s earnings. The lowest sales estimate is $51.38 million and the highest is $55.80 million. e.l.f. Beauty posted sales of $59.06 million in the same quarter last year, which would indicate a negative year over year growth rate of 9.3%. The firm is expected to report its next earnings results on Wednesday, August 14th.

On average, analysts expect that e.l.f. Beauty will report full year sales of $243.29 million for the current financial year, with estimates ranging from $240.44 million to $245.00 million. For the next financial year, analysts forecast that the firm will report sales of $251.20 million, with estimates ranging from $247.66 million to $255.76 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover e.l.f. Beauty.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Tuesday, February 26th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.09. e.l.f. Beauty had a negative net margin of 1.15% and a positive return on equity of 8.88%. The firm had revenue of $78.57 million during the quarter, compared to the consensus estimate of $82.55 million.



A number of research firms recently issued reports on ELF. Zacks Investment Research upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Tuesday, April 30th. JPMorgan Chase & Co. upgraded shares of e.l.f. Beauty from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $7.00 to $13.00 in a report on Monday, April 8th. Citigroup set a $13.00 target price on shares of e.l.f. Beauty and gave the company a “hold” rating in a report on Monday. DA Davidson upgraded shares of e.l.f. Beauty from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a report on Tuesday, April 16th. Finally, Jefferies Financial Group upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and boosted their target price for the company from $10.00 to $14.00 in a report on Wednesday, April 3rd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. e.l.f. Beauty has an average rating of “Hold” and an average price target of $11.00.

e.l.f. Beauty stock traded up $0.11 during trading on Friday, reaching $11.86. The company had a trading volume of 9,337 shares, compared to its average volume of 944,721. e.l.f. Beauty has a 12-month low of $6.70 and a 12-month high of $20.22. The company has a market cap of $585.53 million, a price-to-earnings ratio of 26.95, a PEG ratio of 9.70 and a beta of 1.90. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.22 and a current ratio of 3.30.

In other e.l.f. Beauty news, insider John P. Bailey sold 52,477 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $7.98, for a total transaction of $418,766.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott Milsten sold 15,150 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $9.46, for a total transaction of $143,319.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 200,139 shares of company stock valued at $1,761,804. 17.10% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new stake in shares of e.l.f. Beauty in the fourth quarter worth approximately $32,000. Quantamental Technologies LLC purchased a new stake in shares of e.l.f. Beauty in the first quarter worth approximately $36,000. Sun Life Financial INC purchased a new stake in shares of e.l.f. Beauty in the fourth quarter worth approximately $50,000. BNP Paribas Arbitrage SA lifted its position in shares of e.l.f. Beauty by 862.1% in the first quarter. BNP Paribas Arbitrage SA now owns 5,253 shares of the company’s stock worth $56,000 after purchasing an additional 4,707 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of e.l.f. Beauty in the fourth quarter worth approximately $94,000. Institutional investors and hedge funds own 84.10% of the company’s stock.

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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