e.l.f. Beauty Inc. (ELF) to Post Q3 2017 Earnings of $0.03 Per Share, SunTrust Banks Forecasts
e.l.f. Beauty Inc. (NYSE:ELF) – Equities research analysts at SunTrust Banks reduced their Q3 2017 EPS estimates for shares of e.l.f. Beauty in a research report issued on Tuesday. SunTrust Banks analyst W. Chappell now anticipates that the company will post earnings of $0.03 per share for the quarter, down from their prior estimate of $0.06. SunTrust Banks also issued estimates for e.l.f. Beauty’s Q4 2017 earnings at $0.15 EPS and FY2017 earnings at $0.30 EPS.
Other equities research analysts also recently issued research reports about the company. Jefferies Group LLC reiterated a “buy” rating and issued a $30.00 price objective on shares of e.l.f. Beauty in a report on Monday, June 19th. Piper Jaffray Companies set a $34.00 price objective on e.l.f. Beauty and gave the company a “buy” rating in a report on Saturday, June 10th. DA Davidson started coverage on e.l.f. Beauty in a report on Wednesday, September 6th. They issued a “buy” rating and a $26.00 price objective for the company. BMO Capital Markets set a $38.00 price objective on e.l.f. Beauty and gave the company a “buy” rating in a report on Tuesday, August 8th. Finally, Citigroup Inc. started coverage on e.l.f. Beauty in a report on Tuesday, July 25th. They issued a “buy” rating and a $30.00 price objective for the company. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $30.59.
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e.l.f. Beauty (ELF) opened at 19.28 on Friday. The firm’s market cap is $888.81 million. e.l.f. Beauty has a 52-week low of $18.84 and a 52-week high of $32.54. The company has a 50 day moving average price of $20.07 and a 200-day moving average price of $20.07.
e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, August 9th. The company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.07. e.l.f. Beauty had a return on equity of 10.54% and a net margin of 4.16%. The business had revenue of $55.90 million during the quarter, compared to analysts’ expectations of $55.73 million. The business’s quarterly revenue was up 26.8% compared to the same quarter last year.
In other e.l.f. Beauty news, insider John P. Bailey sold 16,666 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $28.00, for a total value of $466,648.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott Milsten sold 6,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $24.78, for a total value of $148,680.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,523 shares of company stock valued at $2,473,074. Insiders own 16.50% of the company’s stock.
A number of large investors have recently bought and sold shares of ELF. Nationwide Fund Advisors grew its stake in e.l.f. Beauty by 20.2% in the first quarter. Nationwide Fund Advisors now owns 39,245 shares of the company’s stock valued at $1,130,000 after acquiring an additional 6,607 shares during the period. Wells Fargo & Company MN grew its stake in e.l.f. Beauty by 2,195.5% in the first quarter. Wells Fargo & Company MN now owns 77,681 shares of the company’s stock valued at $2,238,000 after acquiring an additional 74,297 shares during the period. Bank of New York Mellon Corp grew its stake in e.l.f. Beauty by 7.2% in the first quarter. Bank of New York Mellon Corp now owns 50,987 shares of the company’s stock valued at $1,469,000 after acquiring an additional 3,421 shares during the period. Parametric Portfolio Associates LLC grew its stake in e.l.f. Beauty by 31.4% in the first quarter. Parametric Portfolio Associates LLC now owns 23,821 shares of the company’s stock valued at $686,000 after acquiring an additional 5,691 shares during the period. Finally, Airain ltd acquired a new position in e.l.f. Beauty in the first quarter valued at about $406,000. 86.06% of the stock is owned by hedge funds and other institutional investors.
About e.l.f. Beauty
e.l.f. Beauty, Inc, formerly J.A. Cosmetics Holdings, Inc, is a cosmetic company. The Company conducts its business under the name e.l.f. Cosmetics, and offers products for eyes, lips and face to consumers through its retail customers, e.l.f. stores and e-commerce channels. The Company offers a range of products for eyes, such as eyeshadow, eyeliner, mascara and eyelashes, eyebrows, concealer and primer, brushes and tools, and sets and palettes.
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