e.l.f. Beauty Inc Expected to Earn Q4 2018 Earnings of $0.14 Per Share (ELF)

e.l.f. Beauty Inc (NYSE:ELF) – Research analysts at Oppenheimer lowered their Q4 2018 earnings per share estimates for e.l.f. Beauty in a note issued to investors on Monday, November 5th. Oppenheimer analyst R. Parikh now forecasts that the company will post earnings of $0.14 per share for the quarter, down from their previous estimate of $0.17. Oppenheimer currently has a “Market Perform” rating on the stock.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Monday, November 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.08 by $0.09. e.l.f. Beauty had a return on equity of 10.79% and a net margin of 10.11%. The business had revenue of $63.90 million during the quarter, compared to analysts’ expectations of $60.09 million. During the same quarter last year, the firm posted $0.17 earnings per share. The firm’s revenue was down 11.1% on a year-over-year basis.

Several other equities research analysts have also recently commented on the company. Zacks Investment Research raised e.l.f. Beauty from a “hold” rating to a “strong-buy” rating and set a $15.00 target price for the company in a research note on Thursday. Citigroup set a $15.00 target price on e.l.f. Beauty and gave the stock a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. set a $11.00 target price on e.l.f. Beauty and gave the stock a “sell” rating in a research note on Tuesday. BMO Capital Markets raised their target price on e.l.f. Beauty from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Jefferies Financial Group set a $13.00 target price on e.l.f. Beauty and gave the stock a “hold” rating in a research note on Wednesday, September 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $15.85.

NYSE ELF opened at $13.22 on Thursday. e.l.f. Beauty has a one year low of $9.30 and a one year high of $23.85. The company has a market cap of $629.51 million, a P/E ratio of 27.54, a price-to-earnings-growth ratio of 6.10 and a beta of 1.35. The company has a quick ratio of 1.72, a current ratio of 3.58 and a debt-to-equity ratio of 0.70.

In other e.l.f. Beauty news, insider Jonathan T. Fieldman sold 68,312 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $13.46, for a total value of $919,479.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Milsten sold 8,328 shares of the firm’s stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $13.22, for a total value of $110,096.16. The disclosure for this sale can be found here. Insiders sold 488,040 shares of company stock valued at $6,148,730 in the last three months. Insiders own 16.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. grew its stake in e.l.f. Beauty by 48.3% in the third quarter. Victory Capital Management Inc. now owns 15,754 shares of the company’s stock valued at $201,000 after acquiring an additional 5,130 shares during the period. Confluence Investment Management LLC acquired a new stake in e.l.f. Beauty in the third quarter valued at approximately $5,446,000. Bank of Montreal Can grew its stake in e.l.f. Beauty by 21.0% in the third quarter. Bank of Montreal Can now owns 170,841 shares of the company’s stock valued at $2,175,000 after acquiring an additional 29,638 shares during the period. Fox Run Management L.L.C. grew its stake in e.l.f. Beauty by 144.5% in the third quarter. Fox Run Management L.L.C. now owns 33,771 shares of the company’s stock valued at $430,000 after acquiring an additional 19,957 shares during the period. Finally, Northern Trust Corp grew its stake in e.l.f. Beauty by 15.6% in the second quarter. Northern Trust Corp now owns 269,658 shares of the company’s stock valued at $4,109,000 after acquiring an additional 36,460 shares during the period. 86.83% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc operates as a beauty company. The company offers cosmetics, including face makeup, eye makeup, lip products, nail products, and cosmetics sets/kits; and skin care products under the e.l.f. brand name. It sells its products through 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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