Erste Group Bank Forecasts Increased Earnings for L’Oreal

L’Oreal SA (OTCMKTS:LRLCY) – Erste Group Bank raised their FY2027 earnings estimates for shares of L’Oreal in a research report issued to clients and investors on Wednesday, August 5th. Erste Group Bank analyst S. Lingnau now forecasts that the company will earn $3.45 per share for the year, up from their prior estimate of $3.39. The consensus estimate for L’Oreal’s current full-year earnings is $3.16 per share.

Other equities research analysts have also recently issued reports about the stock. BNP Paribas Exane upgraded shares of L’Oreal from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 5th. Jefferies Financial Group upgraded L’Oreal from an “underperform” rating to a “hold” rating in a report on Wednesday, August 5th. Berenberg Bank upgraded L’Oreal from a “hold” rating to a “buy” rating in a report on Thursday, May 28th. Citigroup raised shares of L’Oreal from a “neutral” rating to a “buy” rating in a research report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of L’Oreal from a “hold” rating to a “sell” rating in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

L’Oreal Stock Performance

L’Oreal stock opened at $89.54 on Monday. L’Oreal has a 52-week low of $78.82 and a 52-week high of $95.48. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.15 and a current ratio of 1.44. The firm has a 50 day moving average price of $87.70 and a two-hundred day moving average price of $86.95.

L’Oreal Company Profile

L’Oréal SA is a global beauty and personal care company, founded in 1909 by Eugène Schueller and headquartered in Clichy, France. The company develops, manufactures and markets a broad range of consumer and professional products across cosmetics, skin care, hair care, hair color, and fragrances. L’Oréal serves customers around the world through a combination of direct retail, salons, pharmacies, department stores and e-commerce, operating in numerous countries across Europe, the Americas, Asia-Pacific, Africa and the Middle East.

Operations are organized around several business divisions that target distinct channels and consumer segments, including Consumer Products, L’Oréal Luxe, Professional Products and Active Cosmetics.