Wall Street analysts forecast that e.l.f. Beauty Inc (NYSE:ELF) will report sales of $58.80 million for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for e.l.f. Beauty’s earnings. The lowest sales estimate is $53.67 million and the highest is $65.56 million. e.l.f. Beauty posted sales of $63.89 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 8%. The firm is scheduled to announce its next earnings results on Monday, November 4th.
According to Zacks, analysts expect that e.l.f. Beauty will report full-year sales of $257.48 million for the current fiscal year, with estimates ranging from $250.00 million to $271.19 million. For the next financial year, analysts expect that the company will report sales of $266.20 million, with estimates ranging from $252.30 million to $279.32 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow e.l.f. Beauty.
e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.07. e.l.f. Beauty had a positive return on equity of 9.11% and a negative net margin of 0.23%. The company had revenue of $59.80 million for the quarter, compared to analyst estimates of $54.93 million. During the same quarter last year, the firm earned $0.13 EPS. e.l.f. Beauty’s revenue for the quarter was up 1.2% compared to the same quarter last year.
Shares of NYSE:ELF traded up $0.02 during trading on Friday, hitting $16.43. 599,300 shares of the stock were exchanged, compared to its average volume of 709,273. e.l.f. Beauty has a 1-year low of $6.70 and a 1-year high of $18.61. The company has a market capitalization of $813.38 million, a price-to-earnings ratio of 37.34, a price-to-earnings-growth ratio of 23.04 and a beta of 2.39. The company’s fifty day simple moving average is $16.06 and its 200-day simple moving average is $12.16. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.22 and a current ratio of 3.07.
In other e.l.f. Beauty news, insider Scott Milsten sold 3,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $12.02, for a total value of $44,474.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Tpg Growth Ii Advisors, Inc. sold 3,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $10.75, for a total value of $32,250,000.00. The disclosure for this sale can be found here. Insiders sold 3,159,412 shares of company stock worth $34,749,583 in the last 90 days. Corporate insiders own 17.10% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB raised its holdings in e.l.f. Beauty by 2.8% during the 1st quarter. Nordea Investment Management AB now owns 367,992 shares of the company’s stock valued at $3,901,000 after acquiring an additional 9,919 shares during the period. Marshall Wace North America L.P. raised its position in shares of e.l.f. Beauty by 30.0% in the first quarter. Marshall Wace North America L.P. now owns 37,453 shares of the company’s stock valued at $397,000 after buying an additional 8,637 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in shares of e.l.f. Beauty in the fourth quarter valued at about $376,000. Victory Capital Management Inc. raised its position in shares of e.l.f. Beauty by 32.5% in the first quarter. Victory Capital Management Inc. now owns 21,728 shares of the company’s stock valued at $230,000 after buying an additional 5,334 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of e.l.f. Beauty by 38.2% in the first quarter. Nisa Investment Advisors LLC now owns 25,700 shares of the company’s stock valued at $272,000 after buying an additional 7,100 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.
About e.l.f. Beauty
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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