e.l.f. Beauty Inc (ELF) to Post Q4 2018 Earnings of $0.17 Per Share, William Blair Forecasts

e.l.f. Beauty Inc (NYSE:ELF) – Stock analysts at William Blair reduced their Q4 2018 EPS estimates for shares of e.l.f. Beauty in a research report issued on Tuesday, November 6th. William Blair analyst J. Andersen now expects that the company will post earnings per share of $0.17 for the quarter, down from their previous estimate of $0.22.

A number of other research firms have also recently issued reports on ELF. TheStreet cut shares of e.l.f. Beauty from a “c-” rating to a “d+” rating in a research report on Monday, July 16th. Piper Jaffray Companies cut shares of e.l.f. Beauty from a “neutral” rating to an “underweight” rating and increased their price objective for the stock from $17.00 to $23.00 in a research report on Thursday, August 9th. DA Davidson reissued a “neutral” rating and set a $12.25 price objective (down previously from $23.00) on shares of e.l.f. Beauty in a research report on Thursday, August 9th. Citigroup cut shares of e.l.f. Beauty from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $24.00 to $16.00 in a research report on Thursday, August 9th. Finally, Stifel Nicolaus cut their price objective on shares of e.l.f. Beauty from $17.00 to $11.00 and set a “hold” rating on the stock in a research report on Thursday, August 9th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $14.25.

ELF stock opened at $13.01 on Thursday. The stock has a market cap of $648.54 million, a PE ratio of 27.10, a P/E/G ratio of 6.12 and a beta of 1.35. The company has a current ratio of 3.49, a quick ratio of 1.72 and a debt-to-equity ratio of 0.66. e.l.f. Beauty has a 1 year low of $9.30 and a 1 year high of $23.85.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Monday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.09. The company had revenue of $63.90 million for the quarter, compared to analysts’ expectations of $60.09 million. e.l.f. Beauty had a net margin of 10.11% and a return on equity of 10.60%. The business’s revenue was down 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 EPS.

Several institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board lifted its position in shares of e.l.f. Beauty by 41.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 988,910 shares of the company’s stock worth $12,589,000 after buying an additional 290,610 shares in the last quarter. BlackRock Inc. lifted its position in shares of e.l.f. Beauty by 4.2% during the 3rd quarter. BlackRock Inc. now owns 1,504,801 shares of the company’s stock worth $19,157,000 after buying an additional 60,782 shares in the last quarter. Cim Investment Mangement Inc. bought a new position in shares of e.l.f. Beauty during the 3rd quarter worth approximately $404,000. Bank of New York Mellon Corp lifted its position in shares of e.l.f. Beauty by 10.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 97,233 shares of the company’s stock worth $1,238,000 after buying an additional 9,287 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of e.l.f. Beauty by 48.3% during the 3rd quarter. Victory Capital Management Inc. now owns 15,754 shares of the company’s stock worth $201,000 after buying an additional 5,130 shares in the last quarter. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

In other e.l.f. Beauty news, CEO Tarang Amin purchased 65,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were acquired at an average price of $10.76 per share, with a total value of $705,856.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO John P. Bailey sold 86,600 shares of the firm’s stock in a transaction dated Tuesday, October 9th. The shares were sold at an average price of $12.54, for a total transaction of $1,085,964.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 488,040 shares of company stock worth $6,148,730. 16.50% of the stock is owned by insiders.

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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