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.
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.
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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.
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