e.l.f. Beauty (NYSE:ELF) Announces Quarterly Earnings Results, Beats Estimates By $0.34 EPS

e.l.f. Beauty (NYSE:ELF) posted its quarterly earnings results on Wednesday. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34, Briefing.com reports. e.l.f. Beauty had a return on equity of 19.89% and a net margin of 8.87%. The business had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $289.43 million. During the same period last year, the firm earned $0.66 earnings per share. The business’s quarterly revenue was up 39.7% on a year-over-year basis. e.l.f. Beauty updated its FY25 guidance to $3.47-$3.53 EPS and its FY 2025 guidance to 3.470-3.530 EPS.

e.l.f. Beauty Trading Up 3.6 %

NYSE:ELF traded up $4.13 during midday trading on Friday, hitting $120.20. The stock had a trading volume of 3,876,923 shares, compared to its average volume of 2,392,683. The stock has a 50-day moving average of $112.47 and a 200 day moving average of $155.89. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 64.95, a PEG ratio of 2.17 and a beta of 1.44. e.l.f. Beauty has a one year low of $92.16 and a one year high of $221.83. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ELF shares. Piper Sandler restated an “overweight” rating and set a $165.00 price objective (up previously from $162.00) on shares of e.l.f. Beauty in a research report on Thursday. Stifel Nicolaus cut their price target on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a report on Thursday. Morgan Stanley decreased their price objective on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. Truist Financial lowered their target price on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, Raymond James restated a “strong-buy” rating and issued a $235.00 price target on shares of e.l.f. Beauty in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average target price of $173.53.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the transaction, the chief executive officer now directly owns 106,016 shares in the company, valued at $14,465,883.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.50% 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.