e.l.f. Beauty (ELF) Set to Announce Earnings on Wednesday

e.l.f. Beauty (NYSE:ELF – Get Rating) is scheduled to release its earnings data after the market closes on Wednesday, February 1st. Analysts expect e.l.f. Beauty to post earnings of $0.23 per share for the quarter. e.l.f. Beauty has set its FY 2023 guidance at $1.07-$1.10 EPS and its FY23 guidance at $1.07-.1.10 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

e.l.f. Beauty (NYSE:ELF – Get Rating) last posted its earnings results on Wednesday, November 2nd. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.12. The company had revenue of $122.35 million during the quarter, compared to analysts’ expectations of $106.29 million. e.l.f. Beauty had a net margin of 7.57% and a return on equity of 11.83%. On average, analysts expect e.l.f. Beauty to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

e.l.f. Beauty Stock Performance

ELF opened at $55.15 on Wednesday. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 87.54, a PEG ratio of 2.61 and a beta of 1.54. The company has a fifty day moving average of $54.42 and a 200 day moving average of $44.36. e.l.f. Beauty has a fifty-two week low of $20.49 and a fifty-two week high of $58.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.31 and a current ratio of 3.44.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ELF. DA Davidson raised their target price on shares of e.l.f. Beauty from $44.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, November 3rd. Jefferies Financial Group cut shares of e.l.f. Beauty from a “buy” rating to a “hold” rating and set a $55.00 price objective for the company. in a research note on Monday, January 9th. JPMorgan Chase & Co. lifted their price objective on shares of e.l.f. Beauty from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, January 13th. Canaccord Genuity Group initiated coverage on shares of e.l.f. Beauty in a research note on Wednesday, November 16th. They issued a “buy” rating for the company. Finally, Stifel Nicolaus lifted their price objective on shares of e.l.f. Beauty from $43.00 to $50.00 and gave the stock a “hold” rating in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.18.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 3,336 shares of e.l.f. Beauty stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $43.98, for a total transaction of $146,717.28. Following the completion of the sale, the chief executive officer now owns 364,382 shares in the company, valued at approximately $16,025,520.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Scott Milsten sold 55,000 shares of e.l.f. Beauty stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $56.98, for a total transaction of $3,133,900.00. Following the completion of the sale, the insider now owns 127,560 shares in the company, valued at approximately $7,268,368.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tarang Amin sold 3,336 shares of e.l.f. Beauty stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $43.98, for a total transaction of $146,717.28. Following the sale, the chief executive officer now owns 364,382 shares of the company’s stock, valued at approximately $16,025,520.36. The disclosure for this sale can be found here. Insiders sold 198,076 shares of company stock worth $10,089,572 in the last 90 days. 8.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Teachers Retirement System of The State of Kentucky purchased a new position in e.l.f. Beauty during the 3rd quarter valued at about $429,000. Balyasny Asset Management LLC increased its position in e.l.f. Beauty by 15.2% during the 3rd quarter. Balyasny Asset Management LLC now owns 176,279 shares of the company’s stock valued at $6,632,000 after purchasing an additional 23,292 shares during the period. BNP Paribas Arbitrage SNC increased its position in e.l.f. Beauty by 604.3% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 93,657 shares of the company’s stock valued at $3,523,000 after purchasing an additional 80,359 shares during the period. Alliancebernstein L.P. increased its position in e.l.f. Beauty by 23.9% during the 3rd quarter. Alliancebernstein L.P. now owns 58,729 shares of the company’s stock valued at $2,209,000 after purchasing an additional 11,344 shares during the period. Finally, State Street Corp increased its position in e.l.f. Beauty by 3.6% during the 3rd quarter. State Street Corp now owns 1,606,727 shares of the company’s stock valued at $60,445,000 after purchasing an additional 55,263 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

e.l.f. Beauty Company Profile

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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.