$0.40 EPS Expected for Ellie Mae (ELLI) This Quarter


Equities analysts expect Ellie Mae (NYSE:ELLI) to report earnings of $0.40 per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Ellie Mae’s earnings, with estimates ranging from $0.38 to $0.42. Ellie Mae posted earnings of $0.51 per share during the same quarter last year, which would indicate a negative year over year growth rate of 21.6%. The business is scheduled to report its next earnings report on Thursday, July 26th.


According to Zacks, analysts expect that Ellie Mae will report full year earnings of $1.78 per share for the current year, with EPS estimates ranging from $1.72 to $1.94. For the next year, analysts anticipate that the firm will post earnings of $2.46 per share, with EPS estimates ranging from $2.09 to $2.70. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Ellie Mae.

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Ellie Mae (NYSE:ELLI) last released its quarterly earnings results on Thursday, April 26th. The software maker reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.25. The company had revenue of $117.91 million for the quarter, compared to analyst estimates of $108.80 million. Ellie Mae had a return on equity of 5.73% and a net margin of 10.28%. Ellie Mae’s revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 earnings per share.


A number of equities research analysts have recently commented on the company. Wedbush reaffirmed an “underperform” rating and set a $69.00 price target on shares of Ellie Mae in a research report on Friday, April 27th. Oppenheimer reaffirmed a “buy” rating and set a $110.00 price target on shares of Ellie Mae in a research report on Thursday, February 1st. Compass Point reaffirmed a “sell” rating and set a $60.00 price target (up previously from $58.75) on shares of Ellie Mae in a research report on Friday, April 27th. Bank of America dropped their price target on Ellie Mae from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. Finally, Zacks Investment Research lowered Ellie Mae from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $100.27.


Shares of Ellie Mae traded up $1.28, reaching $103.75, during mid-day trading on Friday, according to Marketbeat Ratings. 345,700 shares of the company’s stock were exchanged, compared to its average volume of 493,181. The firm has a market cap of $3.50 billion, a P/E ratio of 100.73, a P/E/G ratio of 6.60 and a beta of 0.51. Ellie Mae has a twelve month low of $79.71 and a twelve month high of $114.95.

In related news, EVP Brian E. Brown sold 2,081 shares of Ellie Mae stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $89.47, for a total value of $186,187.07. Following the sale, the executive vice president now owns 14,238 shares of the company’s stock, valued at approximately $1,273,873.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph P. Tyrrell sold 996 shares of Ellie Mae stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $101.49, for a total value of $101,084.04. Following the completion of the sale, the executive vice president now directly owns 42,412 shares in the company, valued at approximately $4,304,393.88. The disclosure for this sale can be found here. In the last three months, insiders sold 44,838 shares of company stock worth $4,164,635. 3.14% of the stock is owned by insiders.


A number of hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Ellie Mae by 45.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,941 shares of the software maker’s stock valued at $174,000 after purchasing an additional 602 shares in the last quarter. Mirador Capital Partners LP grew its stake in Ellie Mae by 3.1% in the first quarter. Mirador Capital Partners LP now owns 22,439 shares of the software maker’s stock valued at $2,174,000 after purchasing an additional 685 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in Ellie Mae by 36.4% in the first quarter. Asset Management One Co. Ltd. now owns 2,581 shares of the software maker’s stock valued at $237,000 after purchasing an additional 689 shares in the last quarter. Natixis Asset Management grew its stake in Ellie Mae by 1.4% in the fourth quarter. Natixis Asset Management now owns 50,934 shares of the software maker’s stock valued at $4,555,000 after purchasing an additional 715 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in Ellie Mae by 8.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 11,914 shares of the software maker’s stock valued at $1,095,000 after purchasing an additional 899 shares in 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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