e.l.f. Beauty Inc. (NYSE:ELF) Updates FY17 Earnings Guidance

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.

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

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