e.l.f. Beauty (NYSE:ELF) Releases FY23 Earnings Guidance

e.l.f. Beauty (NYSE:ELFGet Rating) issued an update on its FY23 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.78-0.81 for the period, compared to the consensus estimate of $0.84. The company issued revenue guidance of $432-440 million, compared to the consensus revenue estimate of $401.63 million.e.l.f. Beauty also updated its FY 2023 guidance to $0.78-$0.81 EPS.

NYSE ELF traded up $1.10 during trading on Wednesday, hitting $22.15. The company’s stock had a trading volume of 886,525 shares, compared to its average volume of 460,632. e.l.f. Beauty has a 52 week low of $20.49 and a 52 week high of $33.63. The firm has a market cap of $1.15 billion, a P/E ratio of 58.29 and a beta of 1.91. The firm has a 50 day moving average price of $24.43 and a 200 day moving average price of $27.51. The company has a quick ratio of 1.60, a current ratio of 2.96 and a debt-to-equity ratio of 0.30.

e.l.f. Beauty (NYSE:ELFGet Rating) last announced its quarterly earnings data on Wednesday, May 25th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.07. The business had revenue of $105.14 million for the quarter, compared to the consensus estimate of $91.22 million. e.l.f. Beauty had a net margin of 5.32% and a return on equity of 10.77%. e.l.f. Beauty’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company posted $0.10 earnings per share. On average, equities analysts expect that e.l.f. Beauty will post 0.52 earnings per share for the current year.

A number of equities research analysts recently weighed in on ELF shares. DA Davidson lifted their target price on e.l.f. Beauty from $40.00 to $41.00 and gave the stock a buy rating in a research report on Thursday, February 3rd. Raymond James reduced their price objective on e.l.f. Beauty from $35.00 to $33.00 and set an outperform rating for the company in a research report on Monday, April 18th. JPMorgan Chase & Co. reduced their price objective on e.l.f. Beauty from $38.00 to $31.00 and set an overweight rating for the company in a research report on Wednesday, March 30th. StockNews.com initiated coverage on e.l.f. Beauty in a research report on Thursday, March 31st. They issued a hold rating for the company. Finally, Zacks Investment Research cut shares of e.l.f. Beauty from a hold rating to a sell rating in a research note on Thursday, January 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, e.l.f. Beauty presently has a consensus rating of Hold and a consensus target price of $34.67.

In other news, CEO Tarang Amin sold 42,561 shares of the business’s stock in a transaction on Friday, April 1st. The shares were sold at an average price of $26.02, for a total value of $1,107,437.22. Following the sale, the chief executive officer now owns 439,674 shares in the company, valued at approximately $11,440,317.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joshua Allen Franks sold 8,094 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $25.81, for a total transaction of $208,906.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 120,294 shares of company stock worth $3,067,775. Corporate insiders own 11.10% of the company’s stock.

Large investors have recently made changes to their positions in the company. Covestor Ltd increased its stake in shares of 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 in the last quarter. NEXT Financial Group Inc increased its stake 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 valued at $64,000 after buying an additional 1,849 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of e.l.f. Beauty during the fourth quarter valued at approximately $155,000. Advisor Group Holdings Inc. grew its stake in shares of e.l.f. Beauty by 7.6% during the first quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock valued at $174,000 after purchasing an additional 476 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of e.l.f. Beauty by 7.9% during the fourth quarter. Stifel Financial Corp now owns 8,729 shares of the company’s stock valued at $290,000 after purchasing an additional 636 shares during the last quarter. Institutional investors own 90.95% of the company’s stock.

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.

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Earnings History and Estimates for e.l.f. Beauty (NYSE:ELF)

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