Analysts Anticipate Estee Lauder Companies Inc (NYSE:EL) to Announce $1.89 Earnings Per Share

Analysts expect that Estee Lauder Companies Inc (NYSE:EL) will post $1.89 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have provided estimates for Estee Lauder Companies’ earnings, with the highest EPS estimate coming in at $1.98 and the lowest estimate coming in at $1.84. Estee Lauder Companies posted earnings of $1.74 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 8.6%. The business is expected to issue its next quarterly earnings results on Tuesday, February 4th.

On average, analysts expect that Estee Lauder Companies will report full-year earnings of $5.96 per share for the current fiscal year, with EPS estimates ranging from $5.89 to $6.10. For the next fiscal year, analysts forecast that the business will report earnings of $6.64 per share, with EPS estimates ranging from $6.50 to $6.92. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Estee Lauder Companies.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.60 by $0.07. Estee Lauder Companies had a net margin of 12.34% and a return on equity of 46.14%. The business had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter in the previous year, the company earned $1.41 EPS. The business’s quarterly revenue was up 10.5% compared to the same quarter last year.

A number of equities analysts recently commented on the company. Raymond James reissued an “outperform” rating and set a $202.00 price target (down from $216.00) on shares of Estee Lauder Companies in a research note on Friday, November 1st. They noted that the move was a valuation call. UBS Group raised their price target on Estee Lauder Companies from $172.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Credit Suisse Group lifted their price objective on Estee Lauder Companies from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Berenberg Bank assumed coverage on Estee Lauder Companies in a report on Wednesday, October 16th. They set a “buy” rating and a $230.00 price objective on the stock. Finally, Piper Jaffray Companies downgraded Estee Lauder Companies from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $210.00 to $204.00 in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $196.22.

In other news, Vice Chairman Sara E. Moss sold 6,274 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $193.55, for a total value of $1,214,332.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregory Polcer sold 2,997 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $185.43, for a total transaction of $555,733.71. Following the completion of the sale, the executive vice president now owns 85,723 shares of the company’s stock, valued at approximately $15,895,615.89. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,514 shares of company stock worth $9,835,548. Corporate insiders own 14.68% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Magellan Asset Management Ltd purchased a new position in shares of Estee Lauder Companies during the second quarter valued at approximately $442,334,000. Nuveen Asset Management LLC grew its stake in shares of Estee Lauder Companies by 41,387.9% during the second quarter. Nuveen Asset Management LLC now owns 2,343,235 shares of the company’s stock valued at $429,069,000 after buying an additional 2,337,587 shares during the last quarter. Morgan Stanley grew its stake in shares of Estee Lauder Companies by 104.8% during the second 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 last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Estee Lauder Companies in the second quarter worth approximately $115,836,000. Finally, Bank of Montreal Can raised its holdings in shares of Estee Lauder Companies by 130.6% in the second quarter. Bank of Montreal Can now owns 834,111 shares of the company’s stock worth $152,734,000 after buying an additional 472,325 shares during the period. 55.31% of the stock is currently owned by institutional investors.

Shares of EL stock traded up $1.62 during trading hours on Friday, hitting $197.92. The stock had a trading volume of 784,101 shares, compared to its average volume of 1,674,550. Estee Lauder Companies has a one year low of $121.47 and a one year high of $207.50. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.08. The stock’s 50-day moving average price is $190.30 and its two-hundred day moving average price is $187.42. The stock has a market capitalization of $71.21 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 2.59 and a beta of 0.77.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.48 dividend. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.97%. Estee Lauder Companies’s payout ratio is 35.96%.

About Estee Lauder Companies

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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Earnings History and Estimates for Estee Lauder Companies (NYSE:EL)

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