e.l.f. Beauty (NYSE:ELF) Announces Quarterly Earnings Results

e.l.f. Beauty (NYSE:ELF) announced its earnings results on Wednesday. The company reported $0.77 earnings per share 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 company had revenue of $301.10 million during the quarter, compared to analyst estimates of $289.43 million. During the same period last year, the company posted $0.66 earnings per share. The firm’s quarterly revenue was up 39.7% compared to the same quarter last year. 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 Price Performance

Shares of NYSE:ELF traded up $4.13 during mid-day trading on Friday, reaching $120.20. The stock had a trading volume of 3,876,923 shares, compared to its average volume of 2,392,683. The company has a market cap of $6.78 billion, a P/E ratio of 64.95, a price-to-earnings-growth ratio of 2.17 and a beta of 1.44. The business’s 50 day moving average price is $112.47 and its 200 day moving average price is $155.89. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. e.l.f. Beauty has a 1 year low of $92.16 and a 1 year high of $221.83.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ELF. Jefferies Financial Group reduced their target price on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Robert W. Baird dropped their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. B. Riley cut their price objective on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday. UBS Group cut their target price on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Truist Financial dropped their target price on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $173.53.

Insider Activity at e.l.f. Beauty

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

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.