Estee Lauder Companies Inc (NYSE:EL) – Equities researchers at Jefferies Financial Group boosted their Q3 2019 earnings estimates for shares of Estee Lauder Companies in a note issued to investors on Wednesday, October 31st. Jefferies Financial Group analyst S. Wissink now expects that the company will post earnings per share of $1.20 for the quarter, up from their previous forecast of $1.16. Jefferies Financial Group also issued estimates for Estee Lauder Companies’ Q4 2019 earnings at $0.64 EPS, Q1 2020 earnings at $1.49 EPS, Q2 2020 earnings at $1.64 EPS and Q4 2020 earnings at $0.70 EPS.
Estee Lauder Companies (NYSE:EL) last posted its earnings results on Wednesday, October 31st. The company reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.19. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.48 billion. Estee Lauder Companies had a net margin of 8.48% and a return on equity of 38.29%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.21 EPS.
EL has been the topic of a number of other research reports. Wells Fargo & Co cut their price objective on shares of Estee Lauder Companies from $168.00 to $165.00 and set an “outperform” rating on the stock in a report on Wednesday, October 17th. JPMorgan Chase & Co. lowered shares of Estee Lauder Companies from an “overweight” rating to a “neutral” rating and set a $138.00 price objective on the stock. in a report on Friday, October 12th. Citigroup cut their price objective on shares of Estee Lauder Companies from $158.00 to $149.00 and set a “neutral” rating on the stock in a report on Tuesday, August 21st. Atlantic Securities initiated coverage on shares of Estee Lauder Companies in a report on Thursday, September 20th. They issued an “overweight” rating and a $162.00 price objective on the stock. Finally, Stifel Nicolaus cut their price objective on shares of Estee Lauder Companies from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, October 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $146.98.
Shares of EL stock opened at $142.40 on Monday. Estee Lauder Companies has a 12 month low of $120.46 and a 12 month high of $158.80. The company has a current ratio of 1.75, a quick ratio of 1.28 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $52.55 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 2.49 and a beta of 0.66.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Comgest Global Investors S.A.S. increased its position in shares of Estee Lauder Companies by 84.2% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 21,000 shares of the company’s stock worth $3,051,000 after purchasing an additional 9,600 shares during the last quarter. ING Groep NV bought a new stake in shares of Estee Lauder Companies in the 3rd quarter worth about $442,000. Stone Ridge Asset Management LLC grew its position in shares of Estee Lauder Companies by 36.4% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 25,184 shares of the company’s stock valued at $3,660,000 after buying an additional 6,723 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Estee Lauder Companies by 18.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 10,547 shares of the company’s stock valued at $1,532,000 after buying an additional 1,664 shares during the last quarter. Finally, AKO Capital LLP grew its position in shares of Estee Lauder Companies by 6.1% during the 3rd quarter. AKO Capital LLP now owns 761,419 shares of the company’s stock valued at $110,649,000 after buying an additional 43,960 shares during the last quarter. 55.77% of the stock is owned by institutional investors.
In other news, Director Irvine O. Hockaday, Jr. sold 1,700 shares of the business’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $137.57, for a total value of $233,869.00. Following the completion of the sale, the director now owns 15,040 shares of the company’s stock, valued at approximately $2,069,052.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Fabrizio Freda sold 19,077 shares of the business’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $140.78, for a total transaction of $2,685,660.06. Following the completion of the sale, the insider now directly owns 88,743 shares of the company’s stock, valued at approximately $12,493,239.54. The disclosure for this sale can be found here. Insiders sold a total of 147,824 shares of company stock valued at $20,416,809 in the last three months. Insiders own 16.13% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be given a $0.43 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.72 annualized dividend and a dividend yield of 1.21%. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.38. Estee Lauder Companies’s payout ratio is presently 33.70%.
Estee Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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