Ellie Mae Inc (ELLI) Expected to Announce Earnings of $0.54 Per Share

Wall Street analysts expect that Ellie Mae Inc (NYSE:ELLI) will post earnings per share of $0.54 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Ellie Mae’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.53. Ellie Mae posted earnings per share of $0.53 in the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, October 25th.

On average, analysts expect that Ellie Mae will report full-year earnings of $1.88 per share for the current fiscal year, with EPS estimates ranging from $1.84 to $1.92. For the next financial year, analysts expect that the firm will report earnings of $2.42 per share, with EPS estimates ranging from $2.10 to $2.65. 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 quarterly earnings results on Thursday, July 26th. The software maker reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.13. The company had revenue of $125.00 million during the quarter, compared to analyst estimates of $123.79 million. Ellie Mae had a return on equity of 4.50% and a net margin of 7.81%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share.

Several equities research analysts have commented on the company. Needham & Company LLC restated a “buy” rating and set a $135.00 price target on shares of Ellie Mae in a research note on Friday, July 27th. Roth Capital upped their price target on Ellie Mae from $85.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. TheStreet lowered Ellie Mae from a “b-” rating to a “c+” rating in a research note on Wednesday, September 26th. KeyCorp upped their price target on Ellie Mae from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Finally, ValuEngine upgraded Ellie Mae from a “hold” rating to a “buy” rating in a research note on Friday, July 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $106.86.

NYSE:ELLI traded down $1.97 on Friday, hitting $83.35. 22,122 shares of the stock were exchanged, compared to its average volume of 498,304. The firm has a market capitalization of $3.28 billion, a PE ratio of 82.44, a P/E/G ratio of 5.27 and a beta of 0.77. Ellie Mae has a fifty-two week low of $82.03 and a fifty-two week high of $116.90.

In other news, Director A Barr Dolan sold 3,000 shares of the company’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $104.57, for a total value of $313,710.00. Following the completion of the sale, the director now owns 9,212 shares of the company’s stock, valued at $963,298.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jonathan Corr sold 589 shares of the company’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $101.07, for a total value of $59,530.23. Following the completion of the sale, the chief executive officer now directly owns 109,572 shares of the company’s stock, valued at approximately $11,074,442.04. The disclosure for this sale can be found here. Insiders sold 21,264 shares of company stock valued at $2,167,821 in the last ninety days. Company insiders own 3.14% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Ellie Mae by 7.2% in the second quarter. BlackRock Inc. now owns 2,426,968 shares of the software maker’s stock worth $252,014,000 after buying an additional 163,737 shares during the period. FMR LLC boosted its holdings in Ellie Mae by 14.9% in the second quarter. FMR LLC now owns 1,559,695 shares of the software maker’s stock valued at $161,959,000 after purchasing an additional 202,708 shares during the last quarter. Sylebra HK Co Ltd boosted its holdings in Ellie Mae by 12.2% in the second quarter. Sylebra HK Co Ltd now owns 1,256,481 shares of the software maker’s stock valued at $130,473,000 after purchasing an additional 136,427 shares during the last quarter. Meritage Group LP boosted its holdings in Ellie Mae by 27.4% in the second quarter. Meritage Group LP now owns 1,116,510 shares of the software maker’s stock valued at $115,938,000 after purchasing an additional 240,016 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in Ellie Mae by 6.4% in the second quarter. Baillie Gifford & Co. now owns 1,029,367 shares of the software maker’s stock valued at $106,889,000 after purchasing an additional 61,830 shares during the last quarter.

About Ellie Mae

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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