$0.06 Earnings Per Share Expected for e.l.f. Beauty Inc (NYSE:ELF) This Quarter

Equities research analysts forecast that e.l.f. Beauty Inc (NYSE:ELF) will announce $0.06 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for e.l.f. Beauty’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.09. e.l.f. Beauty also reported earnings of $0.06 per share during the same quarter last year. The company is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that e.l.f. Beauty will report full year earnings of $0.58 per share for the current financial year, with EPS estimates ranging from $0.56 to $0.62. For the next year, analysts expect that the firm will report earnings of $0.60 per share, with EPS estimates ranging from $0.55 to $0.67. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for e.l.f. Beauty.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, February 5th. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.09. The business had revenue of $80.80 million for the quarter, compared to the consensus estimate of $73.53 million. e.l.f. Beauty had a net margin of 0.11% and a return on equity of 7.30%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a report on Monday. William Blair reaffirmed a “buy” rating on shares of e.l.f. Beauty in a report on Friday, December 20th. ValuEngine raised shares of e.l.f. Beauty from a “strong sell” rating to a “sell” rating in a report on Thursday, February 6th. Piper Sandler reaffirmed a “buy” rating and issued a $23.00 target price on shares of e.l.f. Beauty in a report on Thursday, February 6th. Finally, Morgan Stanley lifted their target price on shares of e.l.f. Beauty from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.64.

In related news, insider Richard F. Baruch, Jr. sold 8,902 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $16.00, for a total transaction of $142,432.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Tpg Growth Ii Advisors, Inc. sold 3,565,550 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $15.73, for a total transaction of $56,086,101.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,607,836 shares of company stock worth $56,762,678. 17.10% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Champlain Investment Partners LLC lifted its holdings in shares of e.l.f. Beauty by 10.3% in the fourth quarter. Champlain Investment Partners LLC now owns 3,644,615 shares of the company’s stock valued at $58,788,000 after purchasing an additional 341,285 shares in the last quarter. Cramer Rosenthal Mcglynn LLC lifted its holdings in shares of e.l.f. Beauty by 21.8% in the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 1,941,521 shares of the company’s stock valued at $31,317,000 after purchasing an additional 346,895 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of 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. Point72 Asset Management L.P. purchased a new stake in shares of e.l.f. Beauty in the fourth quarter valued at about $13,704,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of e.l.f. Beauty by 61.6% in the fourth quarter. Renaissance Technologies LLC now owns 684,100 shares of the company’s stock valued at $11,035,000 after purchasing an additional 260,700 shares in the last quarter. 83.50% of the stock is currently owned by institutional investors.

Shares of NYSE:ELF traded down $0.09 during midday trading on Friday, hitting $19.75. The stock had a trading volume of 1,041,214 shares, compared to its average volume of 875,262. The company has a market capitalization of $952.20 million, a PE ratio of -1,973.03, a P/E/G ratio of 13.11 and a beta of 2.29. The stock has a 50 day moving average price of $16.19 and a two-hundred day moving average price of $16.64. The company has a current ratio of 2.71, a quick ratio of 1.92 and a debt-to-equity ratio of 0.55. e.l.f. Beauty has a 1 year low of $6.70 and a 1 year high of $20.00.

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.

Further Reading: The limitations of an equal weight rating

Get a free copy of the Zacks research report on e.l.f. Beauty (ELF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for e.l.f. Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for e.l.f. Beauty and related companies with MarketBeat.com's FREE daily email newsletter.