e.l.f. Beauty (NYSE:ELF) Issues Earnings Results, Beats Estimates By $0.34 EPS

e.l.f. Beauty (NYSE:ELF) announced its quarterly earnings data on Wednesday. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.43 by $0.34, Briefing.com reports. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.89%. The business had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. During the same period in the previous year, the business earned $0.66 earnings per share. The company’s revenue was up 39.7% on a year-over-year basis. e.l.f. Beauty updated its FY25 guidance to $3.47-$3.53 EPS and its FY 2025 guidance to 3.470-3.530 EPS.

e.l.f. Beauty Stock Up 3.6 %

ELF traded up $4.13 during midday trading on Friday, reaching $120.20. 3,876,923 shares of the company were exchanged, compared to its average volume of 2,392,683. e.l.f. Beauty has a one year low of $92.16 and a one year high of $221.83. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. The company’s fifty day moving average price is $112.47 and its 200 day moving average price is $155.89. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 64.95, a price-to-earnings-growth ratio of 2.17 and a beta of 1.44.

Analysts Set New Price Targets

ELF has been the topic of a number of recent analyst reports. Truist Financial decreased their target price on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. B. Riley dropped their price objective on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday. Stifel Nicolaus cut their price objective on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a report on Thursday. Piper Sandler reaffirmed an “overweight” rating and issued a $165.00 target price (up previously from $162.00) on shares of e.l.f. Beauty in a report on Thursday. Finally, Bank of America cut their price target on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus price target of $173.53.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,528 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the sale, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.50% of the stock is owned by insiders.

About e.l.f. Beauty

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.