e.l.f. Beauty (NYSE:ELF) released its quarterly earnings results on Monday. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.09, Briefing.com reports. The company had revenue of $63.90 million during the quarter, compared to analyst estimates of $60.09 million. e.l.f. Beauty had a return on equity of 11.60% and a net margin of 10.52%. The firm’s revenue was down 11.1% on a year-over-year basis. During the same quarter last year, the business posted $0.17 earnings per share. e.l.f. Beauty updated its FY 2018 guidance to $0.59-0.61 EPS and its FY18 guidance to $0.59-0.61 EPS.
NYSE ELF traded up $2.13 during trading on Tuesday, hitting $13.23. The stock had a trading volume of 4,719,108 shares, compared to its average volume of 568,575. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.58 and a quick ratio of 1.72. The company has a market cap of $517.21 million, a P/E ratio of 27.56, a PEG ratio of 5.02 and a beta of 1.35. e.l.f. Beauty has a one year low of $9.30 and a one year high of $23.85.
In other news, CEO Tarang Amin acquired 65,600 shares of the firm’s stock in a transaction on Tuesday, August 14th. The stock was acquired at an average price of $10.76 per share, with a total value of $705,856.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott Milsten sold 8,328 shares of the firm’s stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $13.22, for a total transaction of $110,096.16. The disclosure for this sale can be found here. In the last three months, insiders sold 423,040 shares of company stock valued at $5,289,430. 15.50% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd bought a new stake in e.l.f. Beauty in the second quarter worth about $112,000. Diversified Trust Co bought a new stake in e.l.f. Beauty in the second quarter worth about $169,000. SG Americas Securities LLC bought a new stake in e.l.f. Beauty in the second quarter worth about $185,000. Nisa Investment Advisors LLC bought a new stake in shares of e.l.f. Beauty during the second quarter valued at approximately $207,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of e.l.f. Beauty during the second quarter valued at approximately $211,000. 86.83% of the stock is owned by institutional investors and hedge funds.
ELF has been the subject of several recent research reports. Zacks Investment Research upgraded e.l.f. Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. TheStreet lowered e.l.f. Beauty from a “c-” rating to a “d+” rating in a research report on Monday, July 16th. Oppenheimer reiterated a “market perform” rating on shares of e.l.f. Beauty in a research report on Thursday, July 26th. ValuEngine upgraded e.l.f. Beauty from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Jefferies Financial Group lowered e.l.f. Beauty from a “buy” rating to a “hold” rating and lifted their price target for the stock from $18.00 to $30.00 in a research report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. e.l.f. Beauty currently has a consensus rating of “Hold” and an average target price of $16.52.
ILLEGAL ACTIVITY NOTICE: This article was originally published by Macon Daily and is the property of of Macon Daily. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://macondaily.com/2018/11/06/e-l-f-beauty-elf-issues-quarterly-earnings-results-beats-estimates-by-0-09-eps.html.
About e.l.f. Beauty
e.l.f. Beauty, Inc operates as a beauty company. The company offers cosmetics, including face makeup, eye makeup, lip products, nail products, and cosmetics sets/kits; and skin care products under the e.l.f. brand name. It sells its products through direct-to-consumer channels, which include e-commerce and e.l.f.
Featured Story: Index Funds
Receive News & Ratings for e.l.f. Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for e.l.f. Beauty and related companies with MarketBeat.com's FREE daily email newsletter.