Bank of America (BAC) EPS Estimated At $0.43, Ellie Mae (ELLI) Has 1.15 Sentiment

July 17, 2017 - By Darrin Black

Ellie Mae, Inc. is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. The company has market cap of $3.87 billion. Banks, credit unions, mortgage lenders and mortgage brokers use the Company’s Encompass mortgage management solution to originate and fund mortgages. It has a 83.94 P/E ratio. 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.

Analysts expect Bank of America Corp (NYSE:BAC) to report $0.43 EPS on July, 18 before the open.They anticipate $0.07 EPS change or 19.44% from last quarter’s $0.36 EPS. BAC’s profit would be $4.21 billion giving it 14.08 P/E if the $0.43 EPS is correct. After having $0.41 EPS previously, Bank of America Corp’s analysts see 4.88% EPS growth. The stock decreased 1.69% or $0.42 during the last trading session, reaching $24.21. About 30 shares traded. Bank of America Corp (NYSE:BAC) has risen 58.64% since July 17, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Since January 1, 0001, it had 0 insider purchases, and 43 selling transactions for $21.41 million activity.

Ratings analysis reveals 33% of Elli Mae’s analysts are positive. Out of 3 Wall Street analysts rating Elli Mae, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. ELLI was included in 3 notes of analysts from September 9, 2016. Morgan Stanley initiated the stock with “Equal-Weight” rating in Thursday, January 12 report. On Friday, September 9 the stock rating was initiated by JP Morgan with “Overweight”. As per Thursday, November 17, the company rating was downgraded by RBC Capital Markets.

Analysts await Ellie Mae Inc (NYSE:ELLI) to report earnings on July, 27 after the close. They expect $0.36 earnings per share, down 7.69% or $0.03 from last year’s $0.39 per share. ELLI’s profit will be $12.47M for 77.60 P/E if the $0.36 EPS becomes a reality. After $0.03 actual earnings per share reported by Ellie Mae Inc for the previous quarter, Wall Street now forecasts 1,100.00% EPS growth.

Sylebra Hk Co Ltd holds 13.57% of its portfolio in Ellie Mae Inc for 1.63 million shares. Whale Rock Capital Management Llc owns 1.11 million shares or 7.48% of their US portfolio. Moreover, Tekne Capital Management Llc has 6.48% invested in the company for 316,302 shares. The California-based Park West Asset Management Llc has invested 5.84% in the stock. Pivot Point Capital Partners Llc, a California-based fund reported 83,947 shares.

The stock increased 1.62% or $1.78 on July 14, reaching $111.75. About shares traded. Ellie Mae Inc (ELLI) has risen 37.10% since July 17, 2016 and is uptrending. It has outperformed by 20.40% the S&P500.

Bank of America Corporation is a bank holding firm and a financial holding company. The company has market cap of $236.92 billion. The Firm is a financial institution, serving individual clients and others with a range of banking, investing, asset management and other financial and risk management services and products. It has a 14.93 P/E ratio. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business divisions: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S.

Among 28 analysts covering Bank of America (NYSE:BAC), 18 have Buy rating, 0 Sell and 10 Hold. Therefore 64% are positive. Bank of America had 67 analyst reports since July 21, 2015 according to SRatingsIntel. On Monday, August 24 the stock rating was upgraded by KBW to “Outperform”. The stock has “Buy” rating by Jefferies on Friday, July 7. Deutsche Bank maintained the stock with “Buy” rating in Tuesday, January 26 report. BMO Capital Markets maintained the shares of BAC in report on Wednesday, April 12 with “Hold” rating. The stock has “Outperform” rating by Oppenheimer on Tuesday, October 6. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, April 5. The firm has “Buy” rating given on Tuesday, September 1 by Robert W. Baird. The firm earned “Buy” rating on Tuesday, July 19 by Citigroup. The rating was initiated by Berenberg on Wednesday, July 13 with “Buy”. Robert W. Baird downgraded Bank of America Corp (NYSE:BAC) rating on Wednesday, November 16. Robert W. Baird has “Neutral” rating and $18 target.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: