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.

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

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