e.l.f. Beauty, Inc. (NYSE:ELF) Expected to Post Quarterly Sales of $81.35 Million


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Analysts forecast that e.l.f. Beauty, Inc. (NYSE:ELF) will post sales of $81.35 million for the current quarter, Zacks reports. Seven analysts have provided estimates for e.l.f. Beauty’s earnings, with the highest sales estimate coming in at $82.20 million and the lowest estimate coming in at $80.60 million. e.l.f. Beauty reported sales of $74.71 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.9%. The firm is expected to report its next quarterly earnings report on Thursday, May 20th.

According to Zacks, analysts expect that e.l.f. Beauty will report full year sales of $306.93 million for the current year, with estimates ranging from $306.00 million to $308.00 million. For the next financial year, analysts forecast that the firm will post sales of $331.34 million, with estimates ranging from $321.43 million to $349.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow e.l.f. Beauty.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Tuesday, February 2nd. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). The firm had revenue of $88.60 million during the quarter, compared to analysts’ expectations of $86.79 million. e.l.f. Beauty had a return on equity of 8.53% and a net margin of 3.29%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $0.24 earnings per share.

ELF has been the topic of several research reports. DA Davidson cut their target price on e.l.f. Beauty from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, February 4th. Piper Sandler upgraded e.l.f. Beauty from a “neutral” rating to an “overweight” rating and increased their price target for the company from $24.00 to $30.00 in a report on Tuesday, March 16th. JPMorgan Chase & Co. increased their price target on e.l.f. Beauty from $26.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, March 2nd. Morgan Stanley increased their price target on e.l.f. Beauty from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, March 8th. Finally, Truist increased their price target on e.l.f. Beauty from $25.00 to $30.00 in a report on Thursday, February 4th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $25.90.

In other news, CEO Tarang Amin sold 34,622 shares of the firm’s stock in a transaction dated Thursday, January 21st. The stock was sold at an average price of $23.60, for a total transaction of $817,079.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joshua Allen Franks sold 5,410 shares of the firm’s stock in a transaction dated Wednesday, March 10th. The shares were sold at an average price of $27.15, for a total value of $146,881.50. Insiders have sold 404,812 shares of company stock valued at $10,472,692 over the last 90 days. Insiders own 15.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of ELF. BlackRock Inc. lifted its holdings in e.l.f. Beauty by 62.2% in the third quarter. BlackRock Inc. now owns 3,088,114 shares of the company’s stock worth $56,729,000 after acquiring an additional 1,184,526 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of e.l.f. Beauty by 53.7% during the third quarter. The Manufacturers Life Insurance Company now owns 25,052 shares of the company’s stock valued at $460,000 after buying an additional 8,756 shares during the last quarter. State Street Corp raised its holdings in shares of e.l.f. Beauty by 33.9% during the third quarter. State Street Corp now owns 818,079 shares of the company’s stock valued at $15,028,000 after buying an additional 207,344 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of e.l.f. Beauty by 48.0% during the third quarter. JPMorgan Chase & Co. now owns 27,469 shares of the company’s stock valued at $503,000 after buying an additional 8,909 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of e.l.f. Beauty by 47.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 261,435 shares of the company’s stock valued at $4,803,000 after buying an additional 84,065 shares during the last quarter. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ELF traded up $0.02 during trading hours on Monday, hitting $27.27. The stock had a trading volume of 1,473 shares, compared to its average volume of 931,554. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.43 and a current ratio of 2.49. The firm has a market cap of $1.40 billion, a P/E ratio of 143.43 and a beta of 2.02. The company’s fifty day simple moving average is $26.61 and its 200 day simple moving average is $23.01. e.l.f. Beauty has a 12-month low of $9.53 and a 12-month high of $29.24.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, through its subsidiaries, provides cosmetic and skin care products under the e.l.f. and W3LL PEOPLE brand names worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States; and internationally primarily through distributors.

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

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