Wall Street brokerages expect that Ellie Mae Inc (NASDAQ:ELLI) will report earnings of $0.35 per share for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Ellie Mae’s earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.34. Ellie Mae reported earnings of $0.39 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 10.3%. The company is expected to report its next quarterly earnings results on Thursday, July 27th.
According to Zacks, analysts expect that Ellie Mae will report full-year earnings of $1.19 per share for the current year, with EPS estimates ranging from $1.13 to $1.21. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Ellie Mae.
Ellie Mae (NASDAQ:ELLI) last posted its quarterly earnings data on Thursday, April 27th. The software maker reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The company had revenue of $93 million during the quarter, compared to analysts’ expectations of $93.17 million. During the same period in the prior year, the company posted $0.24 earnings per share. The business’s revenue was up 26.3% compared to the same quarter last year.
A number of analysts recently weighed in on ELLI shares. Needham & Company LLC restated a “buy” rating and issued a $135.00 price target on shares of Ellie Mae in a research note on Friday, February 10th. Wedbush started coverage on Ellie Mae in a research report on Monday, March 13th. They set a “neutral” rating and a $109.00 target price on the stock. Zacks Investment Research upgraded Ellie Mae from a “sell” rating to a “hold” rating and set a $116.00 target price on the stock in a research report on Tuesday, April 11th. William Blair upgraded Ellie Mae from a “market perform” rating to an “outperform” rating in a research report on Monday, April 3rd. Finally, CIBC boosted their target price on Ellie Mae from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, March 24th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Ellie Mae has a consensus rating of “Buy” and a consensus price target of $106.89.
Ellie Mae (NASDAQ:ELLI) opened at 107.99 on Monday. The company has a 50-day moving average price of $105.83 and a 200 day moving average price of $93.99. Ellie Mae has a 1-year low of $77.60 and a 1-year high of $112.77. The firm has a market capitalization of $3.68 billion and a P/E ratio of 81.69.
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In other news, insider Sigmund Anderman sold 53,431 shares of the business’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $98.04, for a total value of $5,238,375.24. Following the completion of the transaction, the insider now directly owns 120,509 shares of the company’s stock, valued at $11,814,702.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Gates Cathleen Schreiner sold 4,245 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $107.90, for a total value of $458,035.50. Following the completion of the transaction, the executive vice president now directly owns 47,849 shares of the company’s stock, valued at $5,162,907.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 116,622 shares of company stock valued at $11,523,125.
Several institutional investors have recently added to or reduced their stakes in ELLI. Zevenbergen Capital Investments LLC boosted its position in Ellie Mae by 28.2% in the third quarter. Zevenbergen Capital Investments LLC now owns 691,725 shares of the software maker’s stock worth $72,839,000 after buying an additional 152,125 shares during the period. Northern Trust Corp boosted its position in Ellie Mae by 8.8% in the third quarter. Northern Trust Corp now owns 573,291 shares of the software maker’s stock worth $60,367,000 after buying an additional 46,361 shares during the period. California State Teachers Retirement System boosted its position in Ellie Mae by 12.1% in the third quarter. California State Teachers Retirement System now owns 69,392 shares of the software maker’s stock worth $7,307,000 after buying an additional 7,500 shares during the period. HMS Capital Management LLC bought a new position in Ellie Mae during the third quarter worth $1,475,000. Finally, Advisor Group Inc. boosted its position in Ellie Mae by 9.2% in the third quarter. Advisor Group Inc. now owns 1,130 shares of the software maker’s stock worth $119,000 after buying an additional 95 shares during the period.
Ellie Mae Company Profile
Ellie Mae, Inc is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. Banks, credit unions, mortgage lenders and mortgage brokers use the Company’s Encompass mortgage management solution to originate and fund mortgages. The Company’s Encompass software is an enterprise solution that handles functions involved in running the business of originating mortgages, including customer relationship management; loan processing; underwriting; preparation of application, disclosure and closing documents; funding and closing the loan for the borrower; compliance with regulatory and investor requirements, and overall enterprise management.
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