Brokerages Expect Ellie Mae Inc (ELLI) to Announce $0.36 EPS

Wall Street brokerages expect Ellie Mae Inc (NYSE:ELLI) to announce $0.36 earnings per share for the current quarter, Zacks reports. Six analysts have made estimates for Ellie Mae’s earnings, with estimates ranging from $0.34 to $0.38. Ellie Mae posted earnings of $0.33 per share during the same quarter last year, which would suggest a positive year over year growth rate of 9.1%. The firm is expected to report its next earnings report on Thursday, February 14th.

According to Zacks, analysts expect that Ellie Mae will report full-year earnings of $1.91 per share for the current year, with EPS estimates ranging from $1.88 to $1.93. For the next fiscal year, analysts forecast that the company will report earnings of $2.04 per share, with EPS estimates ranging from $1.75 to $2.31. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Ellie Mae.

Ellie Mae (NYSE:ELLI) last announced its earnings results on Thursday, October 25th. The software maker reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. The company had revenue of $122.97 million for the quarter, compared to analyst estimates of $128.22 million. Ellie Mae had a return on equity of 4.78% and a net margin of 7.11%.

A number of brokerages have issued reports on ELLI. Oppenheimer cut their target price on Ellie Mae from $92.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, November 29th. Susquehanna Bancshares began coverage on Ellie Mae in a research report on Thursday, November 29th. They issued a “negative” rating and a $53.00 target price on the stock. Wedbush cut their target price on Ellie Mae from $70.00 to $53.00 and set an “underperform” rating on the stock in a research report on Monday, October 29th. Morgan Stanley set a $77.00 target price on Ellie Mae and gave the company a “hold” rating in a research report on Friday, October 26th. Finally, JMP Securities cut their target price on Ellie Mae from $125.00 to $99.00 and set an “outperform” rating on the stock in a research report on Friday, October 26th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $85.20.

In related news, CEO Jonathan Corr sold 589 shares of the business’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $101.07, for a total transaction of $59,530.23. Following the completion of the transaction, the chief executive officer now owns 109,572 shares in the company, valued at $11,074,442.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Popi Heron sold 731 shares of the business’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $64.83, for a total transaction of $47,390.73. Following the transaction, the vice president now owns 6,128 shares of the company’s stock, valued at approximately $397,278.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,209 shares of company stock valued at $186,408. Insiders own 3.14% of the company’s stock.

Several hedge funds have recently modified their holdings of ELLI. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Ellie Mae in the third quarter valued at $223,000. Alps Advisors Inc. purchased a new stake in Ellie Mae in the second quarter valued at $286,000. Oppenheimer & Co. Inc. purchased a new stake in Ellie Mae in the third quarter valued at $342,000. Polen Capital Management LLC purchased a new stake in Ellie Mae in the third quarter valued at $344,000. Finally, Palo Capital Inc. purchased a new stake in Ellie Mae in the third quarter valued at $379,000.

NYSE ELLI traded down $4.16 on Friday, reaching $63.84. The stock had a trading volume of 739,053 shares, compared to its average volume of 563,611. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 61.98, a PEG ratio of 5.27 and a beta of 1.31. Ellie Mae has a 12-month low of $61.51 and a 12-month high of $116.90.

Ellie Mae Company Profile

Ellie Mae, Inc provides cloud-based platform for the mortgage finance industry in the United States. The company provides Encompass, a proprietary software solution that combines lead management; loan origination and processing; underwriting; preparation of mortgage applications, disclosure agreements, and closing documents; loan funding and closing; compliance with regulatory and investor requirements; and enterprise management.

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Earnings History and Estimates for Ellie Mae (NYSE:ELLI)

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