Piper Jaffray Companies Weighs in on e.l.f. Beauty Inc’s FY2018 Earnings (ELF)

e.l.f. Beauty Inc (NYSE:ELF) – Piper Jaffray Companies raised their FY2018 earnings estimates for e.l.f. Beauty in a report released on Tuesday, November 6th. Piper Jaffray Companies analyst E. Murphy now expects that the company will earn $0.37 per share for the year, up from their previous estimate of $0.26. Piper Jaffray Companies currently has a “Underweight” rating and a $23.00 target price on the stock. Piper Jaffray Companies also issued estimates for e.l.f. Beauty’s Q1 2019 earnings at $0.03 EPS, Q2 2019 earnings at $0.02 EPS, Q3 2019 earnings at $0.07 EPS, FY2019 earnings at $0.28 EPS and FY2020 earnings at $0.28 EPS.

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

Other analysts also recently issued reports about the stock. BMO Capital Markets set a $13.00 price target on shares of e.l.f. Beauty and gave the stock a “hold” rating in a research note on Wednesday, August 8th. JPMorgan Chase & Co. set a $11.00 price target on shares of e.l.f. Beauty and gave the stock a “sell” rating in a research note on Thursday, September 13th. Zacks Investment Research raised shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research note on Monday, August 13th. ValuEngine raised shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Finally, TheStreet downgraded shares of e.l.f. Beauty from a “c-” rating to a “d+” rating in a research note on Monday, July 16th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. e.l.f. Beauty presently has a consensus rating of “Hold” and a consensus target price of $15.85.

Shares of NYSE:ELF opened at $13.22 on Friday. e.l.f. Beauty has a 52-week low of $9.30 and a 52-week high of $23.85. The firm has a market capitalization of $629.51 million, a P/E ratio of 27.54, a P/E/G 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 related news, insider John P. Bailey sold 86,600 shares of the stock in a transaction dated Tuesday, October 23rd. The shares were sold at an average price of $10.61, for a total value of $918,826.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan T. Fieldman sold 65,000 shares of the stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $13.22, for a total transaction of $859,300.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 488,040 shares of company stock valued at $6,148,730. 16.50% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Hong Kong Ltd purchased a new stake in e.l.f. Beauty in the second quarter worth about $112,000. Diversified Trust Co purchased a new stake in e.l.f. Beauty in the second quarter worth about $169,000. SG Americas Securities LLC purchased a new stake in e.l.f. Beauty in the second quarter worth about $185,000. Nisa Investment Advisors LLC purchased a new stake in e.l.f. Beauty in the second quarter worth about $207,000. Finally, Fox Run Management L.L.C. purchased a new stake in e.l.f. Beauty in the second quarter worth about $211,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

About e.l.f. Beauty

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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