Erste Group Bank Forecasts Reduced Earnings for L’Oreal

L’Oreal SA (OTCMKTS:LRLCY) – Equities researchers at Erste Group Bank decreased their FY2027 earnings estimates for L’Oreal in a research report issued to clients and investors on Friday, September 18th. Erste Group Bank analyst S. Lingnau now forecasts that the company will earn $3.43 per share for the year, down from their previous forecast of $3.47. The consensus estimate for L’Oreal’s current full-year earnings is $3.17 per share.

Other research analysts also recently issued reports about the company. Berenberg Bank raised L’Oreal from a “hold” rating to a “buy” rating in a research note on Thursday, May 28th. Citigroup raised L’Oreal from a “neutral” rating to a “buy” rating in a research note on Thursday, June 25th. Argus set a $100.00 price target on L’Oreal in a research note on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft cut L’Oreal from a “hold” rating to a “sell” rating in a report on Monday, June 22nd. Finally, BNP Paribas Exane upgraded shares of L’Oreal from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $100.00.

L’Oreal Trading Up 1.3%

Shares of LRLCY opened at $89.33 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The firm’s fifty day simple moving average is $88.26 and its two-hundred day simple moving average is $86.25. L’Oreal has a 12 month low of $78.82 and a 12 month high of $95.48.

About L’Oreal

L’Oréal SA is a French beauty and cosmetics company that develops, manufactures and markets products for hair care, hair color, skin care, makeup and fragrances. Its portfolio serves consumers, beauty professionals and dermatology-focused customers through brands spanning mass-market, premium, professional and medical beauty categories.

The company’s business is organized around four principal divisions: Consumer Products, L’Oréal Luxe, Professional Products and Dermatological Beauty. Its brands include L’Oréal Paris, Maybelline New York, Garnier, Lancôme, Yves Saint Laurent Beauté, Kérastase, Redken, La Roche-Posay, CeraVe and SkinCeuticals, among others.

Founded in 1909 by chemist Eugène Schueller, L’Oréal has grown into an international company serving markets across Europe, North America, Latin America, Africa, the Middle East and Asia-Pacific.