e.l.f. Beauty (NYSE:ELF) Updates FY 2023 Earnings Guidance

e.l.f. Beauty (NYSE:ELFGet Rating) updated its FY 2023 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.78-$0.81 for the period, compared to the consensus earnings per share estimate of $0.84. The company issued revenue guidance of $432.00 million-$440.00 million, compared to the consensus revenue estimate of $401.63 million.

Shares of NYSE:ELF opened at $25.64 on Wednesday. e.l.f. Beauty has a twelve month low of $20.49 and a twelve month high of $33.63. The company’s 50 day moving average is $24.54 and its 200 day moving average is $26.95. The company has a current ratio of 2.97, a quick ratio of 1.67 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.34 billion, a PE ratio of 62.54 and a beta of 1.90.

e.l.f. Beauty (NYSE:ELFGet Rating) last issued its quarterly earnings results on Wednesday, May 25th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.07. e.l.f. Beauty had a net margin of 5.55% and a return on equity of 9.70%. The company had revenue of $105.14 million for the quarter, compared to the consensus estimate of $91.22 million. During the same quarter in the prior year, the company earned $0.10 EPS. e.l.f. Beauty’s quarterly revenue was up 13.4% on a year-over-year basis. Equities research analysts predict that e.l.f. Beauty will post 0.54 earnings per share for the current fiscal year.

ELF has been the topic of several research reports. StockNews.com initiated coverage on shares of e.l.f. Beauty in a report on Thursday, March 31st. They issued a hold rating on the stock. William Blair restated an outperform rating on shares of e.l.f. Beauty in a research report on Thursday, May 26th. Raymond James lowered their price objective on e.l.f. Beauty from $33.00 to $27.00 in a research report on Thursday, May 26th. DA Davidson upped their price objective on e.l.f. Beauty from $41.00 to $42.00 and gave the stock a buy rating in a research report on Thursday, May 26th. Finally, Piper Sandler lowered their price objective on e.l.f. Beauty from $29.00 to $24.00 in a research report on Thursday, May 26th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, e.l.f. Beauty presently has an average rating of Buy and a consensus price target of $32.60.

In other news, insider Scott Milsten sold 14,949 shares of the stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $27.08, for a total transaction of $404,818.92. Following the transaction, the insider now owns 185,219 shares in the company, valued at approximately $5,015,730.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Tarang Amin sold 14,187 shares of the firm’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $23.90, for a total value of $339,069.30. Following the completion of the transaction, the chief executive officer now owns 341,105 shares in the company, valued at approximately $8,152,409.50. The disclosure for this sale can be found here. Insiders have sold a total of 236,717 shares of company stock worth $6,194,420 in the last quarter. Insiders own 11.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Advisor Group Holdings Inc. lifted its holdings in e.l.f. Beauty by 7.6% in the 1st 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 in the last quarter. Stifel Financial Corp lifted its holdings in e.l.f. Beauty by 7.9% in the 4th quarter. Stifel Financial Corp now owns 8,729 shares of the company’s stock valued at $290,000 after purchasing an additional 636 shares in the last quarter. Covestor Ltd increased its stake in shares of e.l.f. Beauty by 8,340.0% in the 1st quarter. Covestor Ltd now owns 1,266 shares of the company’s stock worth $33,000 after acquiring an additional 1,251 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of e.l.f. Beauty by 2.9% in the 4th quarter. California State Teachers Retirement System now owns 65,768 shares of the company’s stock worth $2,184,000 after acquiring an additional 1,843 shares during the last quarter. Finally, NEXT Financial Group Inc increased its stake in shares of e.l.f. Beauty by 2,175.3% in the 4th 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 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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