Oppenheimer Comments on Est�e Lauder Companies’ Q4 2018 Earnings (EL)

Est�e Lauder Companies (NYSE:EL) – Analysts at Oppenheimer raised their Q4 2018 earnings per share estimates for shares of Est�e Lauder Companies in a research note issued on Thursday, April 12th. Oppenheimer analyst R. Parikh now anticipates that the company will earn $0.57 per share for the quarter, up from their previous estimate of $0.54. Oppenheimer currently has a “Outperform” rating and a $170.00 target price on the stock.

How to Become a New Pot Stock Millionaire

Est�e Lauder Companies (NYSE:EL) last released its earnings results on Friday, February 2nd. The company reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.08. Est�e Lauder Companies had a return on equity of 34.86% and a net margin of 8.43%. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter last year, the business posted $1.22 EPS. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year.

A number of other research analysts have also weighed in on the company. Macquarie raised their price objective on Est�e Lauder Companies from $1.45 to $1.50 and gave the company an “outperform” rating in a research report on Thursday, December 21st. Zacks Investment Research lowered Est�e Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Wells Fargo raised their price objective on Est�e Lauder Companies from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, January 4th. CIBC reaffirmed an “outperform” rating and set a $148.00 price objective (up previously from $130.00) on shares of Est�e Lauder Companies in a research report on Tuesday, January 23rd. Finally, Piper Jaffray set a $144.00 price objective on Est�e Lauder Companies and gave the company a “buy” rating in a research report on Monday, January 22nd. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $136.77.

EL stock opened at $150.82 on Monday. Est�e Lauder Companies has a twelve month low of $84.84 and a twelve month high of $153.59. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.76 and a quick ratio of 1.33. The company has a market cap of $54,728.75, a P/E ratio of 43.46, a P/E/G ratio of 2.49 and a beta of 0.64.

In related news, EVP Gregory Polcer sold 40,797 shares of Est�e Lauder Companies stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $150.00, for a total value of $6,119,550.00. Following the completion of the sale, the executive vice president now owns 110,706 shares of the company’s stock, valued at $16,605,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Ronald S. Foundation Lauder sold 16,447 shares of Est�e Lauder Companies stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $138.11, for a total value of $2,271,495.17. Following the completion of the sale, the insider now directly owns 83,418 shares of the company’s stock, valued at approximately $11,520,859.98. The disclosure for this sale can be found here. In the last three months, insiders sold 211,642 shares of company stock valued at $29,740,621. Corporate insiders own 16.24% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Convergence Investment Partners LLC grew its holdings in shares of Est�e Lauder Companies by 5.0% in the fourth quarter. Convergence Investment Partners LLC now owns 23,185 shares of the company’s stock worth $2,950,000 after acquiring an additional 1,096 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Est�e Lauder Companies by 10.0% in the fourth quarter. Victory Capital Management Inc. now owns 24,881 shares of the company’s stock worth $3,166,000 after acquiring an additional 2,260 shares during the period. HighPoint Advisor Group LLC bought a new stake in shares of Est�e Lauder Companies in the fourth quarter worth $945,000. Sterling Capital Management LLC bought a new stake in shares of Est�e Lauder Companies in the third quarter worth $2,452,000. Finally, Cetera Advisors LLC bought a new stake in shares of Est�e Lauder Companies in the fourth quarter worth $392,000. 54.09% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Oppenheimer Comments on Est�e Lauder Companies’ Q4 2018 Earnings (EL)” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/04/17/oppenheimer-comments-on-est%ef%bf%bde-lauder-companies-q4-2018-earnings-el.html.

About Est�e Lauder Companies

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools.

Earnings History and Estimates for Est�e Lauder Companies (NYSE:EL)

Receive News & Ratings for Est�e Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Est�e Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply