Brokerages expect Estee Lauder Companies Inc (NYSE:EL) to post earnings of $1.05 per share for the current quarter, Zacks reports. Nine analysts have provided estimates for Estee Lauder Companies’ earnings. The highest EPS estimate is $1.07 and the lowest is $1.03. Estee Lauder Companies reported earnings per share of $0.91 in the same quarter last year, which indicates a positive year over year growth rate of 15.4%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, May 2nd.
On average, analysts expect that Estee Lauder Companies will report full year earnings of $4.36 per share for the current financial year, with EPS estimates ranging from $4.31 to $4.40. For the next fiscal year, analysts forecast that the business will post earnings of $4.94 per share, with EPS estimates ranging from $4.73 to $5.05. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Estee Lauder Companies.
Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Friday, February 2nd. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.68 billion. Estee Lauder Companies had a return on equity of 34.86% and a net margin of 8.43%. Estee Lauder Companies’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the business earned $1.22 earnings per share.
A number of analysts have recently commented on EL shares. Zacks Investment Research upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Tuesday, February 6th. DA Davidson boosted their price objective on Estee Lauder Companies to $131.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Bank of America boosted their price objective on Estee Lauder Companies from $143.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Morgan Stanley boosted their price objective on Estee Lauder Companies from $139.00 to $147.00 and gave the company an “overweight” rating in a research report on Monday, February 5th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $145.00 price objective on shares of Estee Lauder Companies in a research report on Monday, February 5th. Five research 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 $128.57.
In other Estee Lauder Companies news, insider 1992 Grat Remainder Trust Fbo sold 571,351 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $125.44, for a total transaction of $71,670,269.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Demsey sold 77,608 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $127.52, for a total value of $9,896,572.16. Following the transaction, the insider now directly owns 23,305 shares in the company, valued at approximately $2,971,853.60. The disclosure for this sale can be found here. Insiders have sold 713,703 shares of company stock worth $90,309,694 in the last three months. 16.24% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the business. BlackRock Inc. raised its position in Estee Lauder Companies by 6.4% in the fourth quarter. BlackRock Inc. now owns 15,790,395 shares of the company’s stock valued at $2,009,170,000 after purchasing an additional 944,997 shares during the period. Jennison Associates LLC raised its position in Estee Lauder Companies by 54.7% in the fourth quarter. Jennison Associates LLC now owns 9,533,553 shares of the company’s stock valued at $1,213,049,000 after purchasing an additional 3,372,279 shares during the period. Wells Fargo & Company MN raised its position in Estee Lauder Companies by 7.8% in the fourth quarter. Wells Fargo & Company MN now owns 2,627,132 shares of the company’s stock valued at $334,276,000 after purchasing an additional 190,584 shares during the period. Geode Capital Management LLC raised its position in Estee Lauder Companies by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 2,426,219 shares of the company’s stock valued at $308,079,000 after purchasing an additional 108,813 shares during the period. Finally, Acadian Asset Management LLC raised its position in Estee Lauder Companies by 31.9% in the fourth quarter. Acadian Asset Management LLC now owns 1,880,660 shares of the company’s stock valued at $239,297,000 after purchasing an additional 454,532 shares during the period. Institutional investors own 53.84% of the company’s stock.
Shares of Estee Lauder Companies (NYSE EL) traded up $1.41 during mid-day trading on Wednesday, reaching $141.04. The company had a trading volume of 2,087,300 shares, compared to its average volume of 1,892,482. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.33 and a current ratio of 1.76. The stock has a market capitalization of $51,871.13, a PE ratio of 48.97, a P/E/G ratio of 2.50 and a beta of 0.74. Estee Lauder Companies has a 52 week low of $81.69 and a 52 week high of $141.67.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Tuesday, February 27th. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 52.78%.
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Estee Lauder Companies Company Profile
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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