Equities analysts predict that e.l.f. Beauty, Inc. (NYSE:ELF) will announce sales of $83.91 million for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for e.l.f. Beauty’s earnings, with the lowest sales estimate coming in at $81.80 million and the highest estimate coming in at $86.80 million. e.l.f. Beauty posted sales of $72.35 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 16%. The company is expected to announce its next quarterly earnings results on Wednesday, November 3rd.
According to Zacks, analysts expect that e.l.f. Beauty will report full year sales of $367.53 million for the current financial year, with estimates ranging from $359.90 million to $378.95 million. For the next financial year, analysts expect that the company will post sales of $394.70 million, with estimates ranging from $382.13 million to $411.21 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover e.l.f. Beauty.
e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Tuesday, August 3rd. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.13. e.l.f. Beauty had a return on equity of 10.37% and a net margin of 3.71%. The company had revenue of $97.05 million for the quarter, compared to analysts’ expectations of $79.52 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The business’s revenue for the quarter was up 50.4% compared to the same quarter last year.
Shares of NYSE:ELF opened at $29.19 on Wednesday. e.l.f. Beauty has a 12 month low of $18.08 and a 12 month high of $31.67. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 121.63 and a beta of 2.07. The stock’s 50 day moving average price is $29.12 and its 200 day moving average price is $28.44. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.20 and a quick ratio of 1.55.
In other news, insider Kory Marchisotto sold 6,658 shares of the business’s stock in a transaction on Thursday, August 5th. The shares were sold at an average price of $30.73, for a total transaction of $204,600.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tarang Amin sold 67,166 shares of the business’s stock in a transaction on Monday, August 2nd. The shares were sold at an average price of $27.84, for a total transaction of $1,869,901.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,104 shares of company stock worth $2,393,182. Corporate insiders own 11.10% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its position in e.l.f. Beauty by 1.6% during the 1st quarter. Northern Trust Corp now owns 503,492 shares of the company’s stock worth $13,510,000 after acquiring an additional 8,037 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in e.l.f. Beauty during the 1st quarter worth $795,000. Landscape Capital Management L.L.C. lifted its position in e.l.f. Beauty by 214.5% during the 2nd quarter. Landscape Capital Management L.L.C. now owns 143,673 shares of the company’s stock worth $3,899,000 after acquiring an additional 97,988 shares during the last quarter. Geode Capital Management LLC lifted its position in e.l.f. Beauty by 11.2% during the 1st quarter. Geode Capital Management LLC now owns 664,282 shares of the company’s stock worth $17,822,000 after acquiring an additional 66,732 shares during the last quarter. Finally, American International Group Inc. raised its position in shares of e.l.f. Beauty by 13.4% during the first quarter. American International Group Inc. now owns 29,822 shares of the company’s stock valued at $800,000 after buying an additional 3,533 shares during the last quarter. 87.51% of the stock is owned by institutional investors and hedge funds.
About e.l.f. Beauty
e.l.f. Beauty, Inc operates as a holding company, which engages in the provision of cosmetic and skin-care product. It operates through the U.S and International geographical segments. The company focuses on the e-commerce, national retailers, and international business channels. Its product portfolio includes eyes, lips, face, kits, tools, and skin care categories.
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