e.l.f. Beauty (NYSE:ELF) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.59-0.61 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.58. The company issued revenue guidance of $286-291 million, compared to the consensus revenue estimate of $301.28 million.
Shares of e.l.f. Beauty (NYSE ELF) traded down $2.15 during mid-day trading on Wednesday, reaching $18.19. The company had a trading volume of 641,272 shares, compared to its average volume of 480,754. e.l.f. Beauty has a fifty-two week low of $17.76 and a fifty-two week high of $31.10. The company has a market capitalization of $987.18, a PE ratio of 48.85, a P/E/G ratio of 3.09 and a beta of 1.73. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.17 and a quick ratio of 0.95.
ELF has been the subject of several research reports. Zacks Investment Research cut e.l.f. Beauty from a buy rating to a hold rating in a research note on Friday, January 12th. Piper Jaffray Companies downgraded e.l.f. Beauty from an overweight rating to a neutral rating and reduced their target price for the company from $26.00 to $23.00 in a report on Wednesday, November 8th. JPMorgan Chase & Co. downgraded e.l.f. Beauty from a neutral rating to an underweight rating and set a $18.00 target price for the company. in a report on Friday, December 15th. Wells Fargo & Co reaffirmed a hold rating on shares of e.l.f. Beauty in a report on Monday, January 8th. Finally, KeyCorp began coverage on e.l.f. Beauty in a report on Wednesday, December 20th. They set a sector weight rating for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $22.36.
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e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc, formerly J.A. Cosmetics Holdings, Inc, is a cosmetic company. The Company conducts its business under the name e.l.f. Cosmetics, and offers products for eyes, lips and face to consumers through its retail customers, e.l.f. stores and e-commerce channels. The Company offers a range of products for eyes, such as eyeshadow, eyeliner, mascara and eyelashes, eyebrows, concealer and primer, brushes and tools, and sets and palettes.
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