elf Magnificence (NYSE:ELF – Get Ranking) will difficulty its quarterly earnings knowledge after the market closes on Wednesday, November 2nd. Analysts anticipate the corporate to announce earnings of $0.15 per share for the quarter. elf Magnificence has set its FY 2023 steering at $0.84-$0.87 EPS and its FY23 steering at $0.84-0.87 EPS. Events concerned about registering for the corporate’s convention name can achieve this utilizing this hyperlink.
elf Magnificence (NYSE:ELF – Get Ranking) final introduced its quarterly earnings knowledge on Wednesday, August third. The corporate reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.14. elf Magnificence had a web margin of 6.69% and a return on fairness of 10.95%. The enterprise had income of $122.60 million for the quarter, in comparison with the consensus estimate of $109.42 million. On common, analysts anticipate elf Magnificence to publish $1 EPS for the present fiscal yr and $1 EPS for the subsequent fiscal yr.
elf Magnificence Buying and selling Up 4.1%
Shares of ELF opened at $43.36 on Wednesday. The inventory’s 50-day transferring common worth is $39.01 and its 200-day transferring common worth is $31.96. The corporate has a fast ratio of two.37, a present ratio of three.51 and a debt-to-equity ratio of 0.27. The agency has a market capitalization of $2.27 billion, a price-to-earnings ratio of 81.81 and a beta of 1.50. elf Magnificence has a 12-month low of $20.49 and a 12-month excessive of $43.84.
Wall Avenue Analysts Forecast Progress
Quite a lot of analysis corporations have commented on ELF. Cowen lowered elf Magnificence from an “outperform” score to a “market carry out” score in a analysis word on Friday, August twelfth. They famous that the transfer was a valuation name. TheStreet upgraded shares of elf Magnificence from a “c+” score to an “a-” score in a analysis report on Wednesday, August third. JPMorgan Chase & Co. lifted their worth goal on shares of Elf Magnificence from $39.00 to $45.00 and gave the corporate an “obese” score in a analysis word on Thursday, October thirteenth. DA Davidson raised their worth goal on shares of elf Magnificence from $42.00 to $44.00 and gave the inventory a “purchase” score in a analysis word on Thursday, August 4th. Lastly, Cowen reduce elf Magnificence from an “outperform” score to a “market carry out” score and set a $36.00 worth goal for the corporate. in a report on Friday, August twelfth. Three analysis analysts have rated the inventory with a maintain score and ten have given a purchase score to the corporate’s inventory. In response to MarketBeat, the inventory at the moment has a median score of “Reasonable Purchase” and a consensus goal worth of $44.30.
Insider Shopping for and Promoting
In different elf Magnificence information, CEO Tarang Amin bought 42,561 shares of the corporate’s inventory in a transaction on Monday, August 1st. The inventory was bought at a median worth of $33.87, for a complete worth of $1,441,541.07. Following the transaction, the chief government officer now immediately owns 411,915 shares of the corporate’s inventory, valued at roughly $13,951,561.05. The sale was disclosed in a authorized submitting with the SEC, which is accessible via this hyperlink. In different elf Magnificence information, CEO Tarang Amin bought 42,561 shares of the inventory in a transaction that occurred on Monday, August 1st. The shares had been bought at a median worth of $33.87, for a complete transaction of $1,441,541.07. Following the transaction, the chief government officer now owns 411,915 shares within the firm, valued at roughly $13,951,561.05. The sale was disclosed in a doc filed with the SEC, which is accessible via the SEC web site. Additionally, Director Lauren Cooks Levitan bought 7,867 shares of elf Magnificence inventory in a transaction that occurred on Thursday, August eleventh. The shares had been bought at a median worth of $36.75, for a complete transaction of $289,112.25. Following the completion of the sale, the director now owns 32,039 shares of the corporate’s inventory, valued at $1,177,433.25. The disclosure for this sale will be discovered right here. Within the final ninety days, insiders bought 510,663 shares of firm inventory valued at $18,988,318. Insiders personal 8.20% of the corporate’s inventory.
Institutional Inflows and Outflows
Quite a lot of hedge funds and different institutional traders have just lately purchased and bought shares of ELF. Covestor Ltd elevated its holdings in elf Magnificence by 8,340.0% within the 1st quarter. Covestor Ltd now owns 1,266 shares of the corporate’s inventory valued at $33,000 after shopping for an extra 1,251 shares throughout the interval. Advisor Group Holdings Inc. elevated its place in shares of elf Magnificence by 7.6% throughout the 1st quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the corporate’s inventory price $174,000 after buying an extra 476 shares within the final quarter. Penserra Capital Administration LLC elevated its stake in elf Magnificence by 67.7% within the first quarter. Penserra Capital Administration LLC now owns 7,826 shares of the corporate’s inventory valued at $202,000 after buying an extra 3,158 shares over the past quarter. AlphaCrest Capital Administration LLC acquired a brand new place in elf Magnificence throughout the first quarter valued at roughly $342,000. Lastly, Hsbc Holdings PLC lifted its stake in Elf Magnificence by 63.7% throughout the first quarter. Hsbc Holdings PLC now owns 13,881 shares of the corporate’s inventory price $354,000 after buying an extra 5,400 shares over the past quarter. Institutional traders and hedge funds personal 94.61% of the corporate’s inventory.
About elf Magnificence
elf Magnificence, Inc, along with its subsidiaries, offers beauty and skincare merchandise beneath the elf Cosmetics, elf Pores and skin, Effectively Individuals, and Keys Soulcare model names worldwide. The corporate presents eye, lip, face, face, paw, and skincare merchandise. It sells its merchandise via nationwide and worldwide retailers and direct-to-consumer channels, which embrace e-commerce platforms in the USA, and internationally primarily via distributors.
This prompt information alert was generated by narrative science expertise and monetary knowledge from MarketBeat so as to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to email@example.com.
Earlier than you think about elf Magnificence, you will wish to hear this.
MarketBeat retains monitor of Wall Avenue’s top-rated and finest performing analysis analysts and the shares they advocate to their shoppers every day. MarketBeat has recognized the 5 shares that prime analysts are quietly whispering to their shoppers to purchase now earlier than the broader market catches on… and elf Magnificence wasn’t on the listing.
Whereas elf Magnificence at the moment has a “Reasonable Purchase” score amongst analysts, top-rated analysts imagine these 5 shares are higher buys.
View The 5 Shares Right here