e.l.f. Beauty, Inc. (NYSE:ELF – Get Rating) – Investment analysts at Jefferies Financial Group reduced their Q1 2023 earnings per share (EPS) estimates for e.l.f. Beauty in a note issued to investors on Wednesday, July 27th. Jefferies Financial Group analyst S. Wissink now forecasts that the company will earn $0.16 per share for the quarter, down from their previous forecast of $0.19. The consensus estimate for e.l.f. Beauty’s current full-year earnings is $0.54 per share. Jefferies Financial Group also issued estimates for e.l.f. Beauty’s Q2 2023 earnings at $0.16 EPS, Q3 2023 earnings at $0.17 EPS, Q1 2024 earnings at $0.17 EPS, Q2 2024 earnings at $0.16 EPS, Q3 2024 earnings at $0.17 EPS and Q4 2024 earnings at $0.05 EPS.
e.l.f. Beauty (NYSE:ELF – Get Rating) last posted its quarterly earnings data on Wednesday, May 25th. The company reported $0.06 EPS for the quarter. e.l.f. Beauty had a net margin of 5.55% and a return on equity of 9.70%. The firm had revenue of $105.14 million during the quarter, compared to analyst estimates of $91.22 million. During the same quarter last year, the business posted $0.10 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis.
e.l.f. Beauty Stock Performance
Shares of ELF opened at $33.53 on Monday. The stock has a 50 day moving average of $28.73 and a 200 day moving average of $26.75. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 81.78 and a beta of 1.70. e.l.f. Beauty has a 12 month low of $20.49 and a 12 month high of $34.63. The company has a current ratio of 2.97, a quick ratio of 1.67 and a debt-to-equity ratio of 0.29.
Institutional Trading of e.l.f. Beauty
Several institutional investors and hedge funds have recently bought and sold shares of ELF. UMB Bank N A MO purchased a new position in shares of e.l.f. Beauty during the fourth quarter worth about $29,000. Covestor Ltd lifted its position in e.l.f. Beauty by 8,340.0% during the first quarter. Covestor Ltd now owns 1,266 shares of the company’s stock valued at $33,000 after purchasing an additional 1,251 shares during the last quarter. Sandy Cove Advisors LLC purchased a new position in e.l.f. Beauty in the 4th quarter worth approximately $70,000. Nisa Investment Advisors LLC increased its holdings in shares of e.l.f. Beauty by 33.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,800 shares of the company’s stock worth $83,000 after buying an additional 700 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. purchased a new stake in shares of e.l.f. Beauty during the 4th quarter valued at $103,000. 90.95% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at e.l.f. Beauty
In related news, insider Mandy J. Fields sold 35,389 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $30.03, for a total value of $1,062,731.67. Following the completion of the transaction, the insider now directly owns 121,786 shares in the company, valued at approximately $3,657,233.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Joshua Allen Franks sold 6,823 shares of the company’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $26.48, for a total transaction of $180,673.04. Following the sale, the senior vice president now directly owns 126,749 shares in the company, valued at $3,356,313.52. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mandy J. Fields sold 35,389 shares of the firm’s stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $30.03, for a total transaction of $1,062,731.67. Following the completion of the transaction, the insider now owns 121,786 shares of the company’s stock, valued at $3,657,233.58. The disclosure for this sale can be found here. Insiders sold 257,919 shares of company stock worth $7,088,327 over the last quarter. Corporate insiders own 8.20% of the company’s stock.
About e.l.f. Beauty
e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. 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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