Q3 2016 Earnings Estimate for e.l.f. Beauty Inc (ELF) Issued By SunTrust Banks
e.l.f. Beauty Inc (NYSE:ELF) – Equities researchers at SunTrust Banks issued their Q3 2016 earnings estimates for shares of e.l.f. Beauty in a report issued on Monday. SunTrust Banks analyst W. Chappell anticipates that the brokerage will post earnings of $0.01 per share for the quarter. SunTrust Banks has a “Buy” rating and a $32.00 price objective on the stock. SunTrust Banks also issued estimates for e.l.f. Beauty’s Q4 2016 earnings at $0.15 EPS, FY2016 earnings at $0.25 EPS, Q1 2017 earnings at $0.06 EPS, Q2 2017 earnings at $0.05 EPS, Q3 2017 earnings at $0.06 EPS, Q4 2017 earnings at $0.18 EPS, FY2017 earnings at $0.34 EPS and FY2018 earnings at $0.49 EPS.
A number of other equities research analysts have also weighed in on ELF. JPMorgan Chase & Co. initiated coverage on shares of e.l.f. Beauty in a research note on Monday. They set a “neutral” rating and a $28.00 target price for the company. Stifel Nicolaus initiated coverage on shares of e.l.f. Beauty in a research report on Monday. They set a “hold” rating and a $25.00 price objective for the company. Piper Jaffray Cos. initiated coverage on shares of e.l.f. Beauty in a research report on Monday. They set an “overweight” rating and a $30.00 price objective for the company. Wells Fargo & Co. initiated coverage on shares of e.l.f. Beauty in a research report on Monday. They set a “market perform” rating for the company. Finally, William Blair initiated coverage on shares of e.l.f. Beauty in a research report on Monday. They set an “outperform” rating for the company. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $29.17.
e.l.f. Beauty (NYSE:ELF) traded down 0.04% during midday trading on Wednesday, reaching $26.87. The company’s stock had a trading volume of 46,245 shares. e.l.f. Beauty has a one year low of $23.73 and a one year high of $28.92. The firm has a 50 day moving average price of $26.46 and a 200 day moving average price of $26.46. The firm’s market cap is $83.51 million.
In related news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of the company’s stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of $15.81, for a total value of $23,049,414.81. Following the completion of the transaction, the insider now owns 8,279,999 shares of the company’s stock, valued at approximately $130,906,784.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc is a holding company that offers its services in the cosmetics category. The Company’s cosmetics category consists of face makeup, eye makeup, lip products, nail products and cosmetics sets/kits, and excludes beauty tools and accessories, such as brushes and applicators. It offers various brands in the cosmetics industry.
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