e.l.f. Beauty Inc. (NYSE:ELF) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.40-$0.43 for the period, compared to the Thomson Reuters consensus estimate of $0.44. The company issued revenue guidance of $285-$295 million, compared to the consensus revenue estimate of $290.65 million.
A number of research firms have weighed in on ELF. Jefferies Group LLC reiterated a buy rating and set a $30.00 price objective on shares of e.l.f. Beauty in a research report on Monday, June 19th. Stifel Nicolaus set a $25.00 price objective on shares of e.l.f. Beauty and gave the company a hold rating in a research report on Thursday, August 10th. BMO Capital Markets set a $38.00 target price on shares of e.l.f. Beauty and gave the company a buy rating in a research note on Tuesday, May 2nd. Zacks Investment Research raised shares of e.l.f. Beauty from a sell rating to a hold rating in a research note on Monday, May 29th. Finally, Piper Jaffray Companies set a $34.00 target price on shares of e.l.f. Beauty and gave the company a buy rating in a research note on Saturday, June 10th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $30.98.
Shares of e.l.f. Beauty Inc. (NYSE ELF) traded down 4.09% during trading on Friday, reaching $23.01. 1,346,984 shares of the company’s stock were exchanged. The company’s market capitalization is $1.06 billion. e.l.f. Beauty Inc. has a 12-month low of $22.50 and a 12-month high of $32.54. The stock has a 50-day moving average price of $25.40 and a 200 day moving average price of $26.38.
e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.07. The business had revenue of $55.90 million during the quarter, compared to analysts’ expectations of $55.73 million. e.l.f. Beauty had a return on equity of 10.54% and a net margin of 4.16%. The company’s revenue was up 26.8% compared to the same quarter last year. Equities analysts expect that e.l.f. Beauty Inc. will post $0.46 EPS for the current fiscal year.
In other news, insider John P. Bailey sold 33,334 shares of e.l.f. Beauty stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $26.32, for a total value of $877,350.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Milsten sold 8,000 shares of e.l.f. Beauty stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $25.83, for a total value of $206,640.00. The disclosure for this sale can be found here. Insiders sold a total of 171,078 shares of company stock valued at $4,434,318 in the last quarter. Company insiders own 16.50% of the company’s stock.
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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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