Equities analysts expect that Estee Lauder Companies Inc (NYSE:EL) will post $4.34 billion in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for Estee Lauder Companies’ earnings. The lowest sales estimate is $4.30 billion and the highest is $4.42 billion. Estee Lauder Companies posted sales of $4.01 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 8.2%. The business is expected to report its next earnings results on Tuesday, February 4th.
On average, analysts expect that Estee Lauder Companies will report full-year sales of $16.11 billion for the current year, with estimates ranging from $15.98 billion to $16.37 billion. For the next financial year, analysts forecast that the business will report sales of $17.25 billion, with estimates ranging from $16.52 billion to $17.79 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Estee Lauder Companies.
Estee Lauder Companies (NYSE:EL) last posted its earnings results on Thursday, October 31st. The company reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.07. Estee Lauder Companies had a return on equity of 46.14% and a net margin of 12.34%. The firm had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.85 billion. During the same period last year, the firm earned $1.41 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis.
Several brokerages have commented on EL. Evercore ISI set a $190.00 price objective on Estee Lauder Companies and gave the company a “buy” rating in a report on Monday, August 12th. Zacks Investment Research raised Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $212.00 target price for the company in a research note on Tuesday, August 20th. Wells Fargo & Co upped their target price on Estee Lauder Companies from $175.00 to $190.00 and gave the stock a “market perform” rating in a research note on Monday, August 19th. Bank of America reiterated a “buy” rating and set a $220.00 target price (up previously from $205.00) on shares of Estee Lauder Companies in a research report on Monday, August 19th. Finally, Citigroup lifted their price target on shares of Estee Lauder Companies from $197.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. Estee Lauder Companies has a consensus rating of “Buy” and a consensus price target of $196.22.
EL stock traded up $1.62 during mid-day trading on Monday, reaching $197.92. 784,101 shares of the company’s stock were exchanged, compared to its average volume of 1,674,550. The company has a market cap of $71.21 billion, a price-to-earnings ratio of 37.06, a price-to-earnings-growth ratio of 2.59 and a beta of 0.77. The stock’s 50 day moving average is $190.30 and its 200 day moving average is $187.42. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.08. Estee Lauder Companies has a 12-month low of $121.47 and a 12-month high of $207.50.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.48 dividend. The ex-dividend date is Wednesday, November 27th. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.97%. Estee Lauder Companies’s payout ratio is currently 35.96%.
In related news, CEO Fabrizio Freda sold 16,479 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $184.08, for a total transaction of $3,033,454.32. Following the completion of the sale, the chief executive officer now owns 83,348 shares of the company’s stock, valued at approximately $15,342,699.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Sara E. Moss sold 6,274 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $193.55, for a total transaction of $1,214,332.70. The disclosure for this sale can be found here. Insiders have sold 52,514 shares of company stock valued at $9,835,548 over the last quarter. 14.68% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. Magellan Asset Management Ltd purchased a new stake in shares of Estee Lauder Companies in the second quarter valued at about $442,334,000. Nuveen Asset Management LLC boosted its holdings in Estee Lauder Companies by 41,387.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,343,235 shares of the company’s stock valued at $429,069,000 after purchasing an additional 2,337,587 shares during the last quarter. Morgan Stanley grew its stake in shares of Estee Lauder Companies by 104.8% in the 2nd quarter. Morgan Stanley now owns 3,750,994 shares of the company’s stock valued at $686,843,000 after buying an additional 1,919,751 shares during the period. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Estee Lauder Companies in the 2nd quarter valued at approximately $115,836,000. Finally, Bank of Montreal Can grew its stake in shares of Estee Lauder Companies by 130.6% in the 2nd quarter. Bank of Montreal Can now owns 834,111 shares of the company’s stock valued at $152,734,000 after buying an additional 472,325 shares during the period. Institutional investors and hedge funds own 55.31% of the company’s stock.
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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