Analysts Expect e.l.f. Beauty, Inc. (NYSE:ELF) Will Post Earnings of $0.06 Per Share

Wall Street analysts forecast that e.l.f. Beauty, Inc. (NYSE:ELFGet Rating) will post earnings of $0.06 per share for the current quarter, according to Zacks. Eight analysts have issued estimates for e.l.f. Beauty’s earnings. The highest EPS estimate is $0.09 and the lowest is $0.04. e.l.f. Beauty posted earnings per share of $0.16 in the same quarter last year, which would indicate a negative year over year growth rate of 62.5%. The business is expected to report its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that e.l.f. Beauty will report full year earnings of $0.78 per share for the current financial year, with EPS estimates ranging from $0.75 to $0.81. For the next financial year, analysts expect that the company will report earnings of $0.84 per share, with EPS estimates ranging from $0.76 to $0.94. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow e.l.f. Beauty.

A number of research analysts have issued reports on ELF shares. StockNews.com assumed coverage on shares of e.l.f. Beauty in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research downgraded shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Thursday, January 27th. DA Davidson raised their price objective on e.l.f. Beauty from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, February 3rd. Piper Sandler cut their target price on e.l.f. Beauty from $32.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 19th. Finally, JPMorgan Chase & Co. cut their target price on e.l.f. Beauty from $38.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $34.67.

Shares of NYSE ELF opened at $21.40 on Friday. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 56.32 and a beta of 1.91. e.l.f. Beauty has a 52 week low of $21.19 and a 52 week high of $33.63. The company’s 50-day moving average price is $24.65 and its 200 day moving average price is $27.80. The company has a current ratio of 2.96, a quick ratio of 1.60 and a debt-to-equity ratio of 0.30.

In other news, insider Scott Milsten sold 25,027 shares of e.l.f. Beauty stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of $25.47, for a total transaction of $637,437.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Joshua Allen Franks sold 8,094 shares of e.l.f. Beauty stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $25.81, for a total value of $208,906.14. The disclosure for this sale can be found here. Insiders sold a total of 120,294 shares of company stock worth $3,067,775 in the last three months. 11.10% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of ELF. UMB Bank N A MO acquired a new position in e.l.f. Beauty in the fourth quarter worth $29,000. Covestor Ltd lifted its stake in e.l.f. Beauty by 8,340.0% in the first quarter. Covestor Ltd now owns 1,266 shares of the company’s stock valued at $33,000 after buying an additional 1,251 shares during the period. Huntington National Bank increased its holdings in shares of e.l.f. Beauty by 125.9% in the fourth quarter. Huntington National Bank now owns 1,796 shares of the company’s stock worth $60,000 after acquiring an additional 1,001 shares in the last quarter. NEXT Financial Group Inc increased its holdings in shares of e.l.f. Beauty by 2,175.3% in the fourth quarter. NEXT Financial Group Inc now owns 1,934 shares of the company’s stock worth $64,000 after acquiring an additional 1,849 shares in the last quarter. Finally, Sandy Cove Advisors LLC bought a new stake in shares of e.l.f. Beauty in the fourth quarter worth about $70,000. 90.95% of the stock is currently owned by institutional investors.

e.l.f. Beauty Company Profile (Get Rating)

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f., W3LL PEOPLE, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, 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.

Read More

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.