Estee Lauder Companies Inc (NYSE:EL) – Analysts at Jefferies Group raised their Q4 2018 EPS estimates for shares of Estee Lauder Companies in a research report issued to clients and investors on Wednesday. Jefferies Group analyst S. Wissink now forecasts that the company will post earnings of $0.57 per share for the quarter, up from their prior estimate of $0.54. Jefferies Group currently has a “Buy” rating and a $148.00 price target on the stock. Jefferies Group also issued estimates for Estee Lauder Companies’ Q1 2019 earnings at $1.32 EPS, Q2 2019 earnings at $1.66 EPS, Q4 2019 earnings at $0.67 EPS, FY2019 earnings at $4.85 EPS, Q1 2020 earnings at $1.53 EPS, Q2 2020 earnings at $1.90 EPS and FY2020 earnings at $5.61 EPS.
Several other equities analysts also recently commented on EL. DA Davidson started coverage on shares of Estee Lauder Companies in a research note on Wednesday, September 27th. They set a “neutral” rating and a $115.00 price objective for the company. Bank of America increased their price target on shares of Estee Lauder Companies from $115.00 to $122.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. KeyCorp set a $115.00 price target on shares of Estee Lauder Companies and gave the stock a “buy” rating in a research note on Monday, October 16th. Stifel Nicolaus increased their price target on shares of Estee Lauder Companies from $114.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Finally, Royal Bank of Canada set a $115.00 price target on shares of Estee Lauder Companies and gave the stock a “buy” rating in a research note on Monday, October 23rd. Seven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $117.67.
Shares of Estee Lauder Companies (NYSE:EL) traded up $3.47 during trading hours on Thursday, hitting $134.45. 1,380,073 shares of the stock traded hands, compared to its average volume of 1,062,500. The company has a market capitalization of $48,231.55, a P/E ratio of 36.34, a price-to-earnings-growth ratio of 2.52 and a beta of 0.71. The company has a current ratio of 1.75, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. Estee Lauder Companies has a 52-week low of $78.71 and a 52-week high of $134.46.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $0.97 by $0.24. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.16 billion. Estee Lauder Companies had a net margin of 11.30% and a return on equity of 33.64%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 earnings per share.
Several large investors have recently bought and sold shares of EL. Jennison Associates LLC purchased a new stake in shares of Estee Lauder Companies during the third quarter valued at approximately $664,432,000. Janus Henderson Group PLC boosted its holdings in Estee Lauder Companies by 1,676.9% in the second quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock worth $450,675,000 after purchasing an additional 4,431,247 shares during the last quarter. Northern Trust Corp boosted its holdings in Estee Lauder Companies by 41.1% in the second quarter. Northern Trust Corp now owns 3,732,174 shares of the company’s stock worth $358,214,000 after purchasing an additional 1,086,562 shares during the last quarter. Fred Alger Management Inc. purchased a new stake in Estee Lauder Companies in the second quarter worth approximately $94,952,000. Finally, Investec Asset Management LTD boosted its holdings in Estee Lauder Companies by 931.2% in the third quarter. Investec Asset Management LTD now owns 1,040,505 shares of the company’s stock worth $112,208,000 after purchasing an additional 939,600 shares during the last quarter. Hedge funds and other institutional investors own 53.65% of the company’s stock.
In other Estee Lauder Companies news, VP Sara E. Moss sold 4,236 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $121.62, for a total value of $515,182.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Sara E. Moss sold 29,873 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $121.16, for a total transaction of $3,619,412.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,566,381 shares of company stock worth $195,955,337. Corporate insiders own 16.24% of the company’s stock.
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About Estee Lauder Companies
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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