elf Magnificence (NYSE: ELF) points earnings suggestions for fiscal 2023

elf Magnificence (NYSE: ELF – Get Rating) on ​​Wednesday morning launched an replace on its earnings suggestions for fiscal 2023. The corporate offered an estimated earnings per share of $ 0.78-0.81. US for this era, in comparison with the consensus estimate of earnings per share of $ 0.84. USA. The corporate posted an estimated revenue of $ 432.00-440.00 million, in comparison with a consensus income estimate of $ 401.63 million.

Shares of ELF opened at $ 26.51 on Wednesday. The agency’s 50-day shifting common value is $ 24.56. US {dollars}, and its shifting common for 2 hundred days – 26.79 {dollars}. elf Magnificence has the bottom value in 12 months at $ 20.49 and the best in 12 months at $ 33.63. The market capitalization of the inventory is $ 1.39 billion, the price-to-earnings ratio is $ 64.66, and the beta is $ 1.90. The corporate has a present ratio of two.97, a quick ratio of 1.67 and a debt-to-equity ratio of 0.29.

elf Magnificence (NYSE: ELF – Get Ranking) final introduced its earnings outcomes on Wednesday, Could twenty fifth. The corporate reported earnings of $ 0.13 per share for the quarter, which was $ 0.07 larger than analysts’ consensus estimates of $ 0.06. The agency’s income for the quarter was $ 105.14 million, in comparison with analysts’ estimates of $ 91.22 million. elf Magnificence had a web margin of 5.55% and a return on fairness of 9.70%. The corporate’s income for the quarter elevated by 13.4% in comparison with the identical quarter final yr. Throughout the identical quarter final yr, the agency printed $ 0.10 EPS. Inventory analysts predict that elf Magnificence will publish 0.54 EPS this yr.

(Commercial)

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ELF has been the topic of a lot of analysis reviews. In a analysis be aware on Thursday, Could 26, William Blair confirmed the elf Magnificence inventory ranking, which exceeded efficiency. In a analysis be aware on Thursday, Could 26, Raymond James lowered the goal value for elf Magnificence shares from $ 33.00 to $ 27.00. StockNews.com started overlaying elf Magnificence shares in a analysis be aware on Thursday, March 31. They set a holding ranking. JPMorgan Chase & Co. lowered the goal value for elf Magnificence shares from $ 38.00 to $ 31.00 and set an obese inventory ranking in a analysis be aware on Wednesday, March 30. Lastly, in a analysis be aware on Thursday, Could 26, Piper Sandler lowered the value of elf Magnificence shares from $ 29.00 to $ 24.00. Two funding analysts gave the shares a holding ranking and 5 gave the share a purchase ranking. In keeping with MarketBeat, the corporate at the moment has a consensus ranking of “Average Buy” and a median goal value of $ 32.60.

In different information, CEO Tarang Amin offered 14,187 shares of the corporate in an operation that occurred on Monday, Could 2. The shares have been offered at a median value of $ 23.90 for a complete of $ 339,069.30. Following the completion of the settlement, the CEO now straight owns 341,105 shares of the corporate value $ 8,152,409.50. The transaction was disclosed in a doc of the Securities and Change Fee, which is obtainable on the SEC web site. As well as, insider Scott Milsten offered 14,949 shares of the corporate in an operation that occurred on Wednesday, June 1. The shares have been offered at a median value of $ 27.08 for a complete of $ 404,818.92. After the transaction, the insider now straight owns 185,219 shares of the corporate value $ 5,015,730.52. Disclosure of this sale could be discovered right here. Over the previous 90 days, insiders offered 236,717 shares of the corporate for $ 6,194,420. Company insiders personal 11.10% of the corporate’s shares.

Institutional traders and hedge funds have just lately purchased and offered enterprise shares. Citigroup Inc. elevated its place in shares of elf Magnificence by 12.4% within the first quarter. Now Citigroup Inc. owns 41,711 shares of firm value $ 1,077,000 after buying an extra 4,617 shares in the course of the interval. The Commonwealth of Pennsylvania Empls Retrmt SYS elevated its stakes in elf Magnificence by 14.2% within the first quarter. The Commonwealth of Pennsylvania Public Faculty Empls Retrmt SYS now owns 41,339 shares of the corporate value $ 1,068,000 after buying an extra 5,156 shares in the course of the interval. MetLife Funding Administration LLC elevated its place in elf Magnificence shares by 53.3% within the first quarter. MetLife Funding Administration LLC now owns 26,424 shares of the corporate value $ 683,000 after buying an extra 9,189 shares in the course of the interval. The Tennessee Treasury Division elevated its stakes in elf Magnificence by 23.4% within the fourth quarter. The Tennessee Division of Finance now owns 15,274 shares of the corporate value $ 507,000 after buying an extra 2,895 shares in the course of the interval. Lastly, Quantbot Applied sciences LP elevated its place in elf Magnificence shares by 31.2% within the first quarter. Quantbot Applied sciences LP now owns 16,761 shares of the corporate value $ 432,000 after buying an extra 3,990 shares in the course of the interval. Institutional traders and hedge funds personal 90.95% of the corporate’s shares.

Firm profile elf Magnificence (Get ranking)

elf Magnificence, Inc., along with its subsidiaries, offers cosmetics and skincare merchandise underneath the elf Cosmetics, elf Pores and skin, Properly Individuals and Keys Soulcare manufacturers worldwide. The corporate affords care merchandise for eyes, lips, face, face, paws and pores and skin. It sells its merchandise by way of nationwide and worldwide retailers and direct-to-consumer channels that embrace e-commerce platforms in the US, in addition to internationally, primarily by way of distributors.

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Earnings History and Estimates for elf Beauty (NYSE: ELF)

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