Piper Jaffray Companies Analysts Decrease Earnings Estimates for Estee Lauder Companies Inc (EL)

Estee Lauder Companies Inc (NYSE:EL) – Equities researchers at Piper Jaffray Companies lowered their Q4 2019 EPS estimates for Estee Lauder Companies in a report issued on Wednesday, May 1st, according to Zacks Investment Research. Piper Jaffray Companies analyst E. Murphy now forecasts that the company will earn $0.49 per share for the quarter, down from their prior estimate of $0.65. Piper Jaffray Companies has a “Positive” rating and a $178.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Estee Lauder Companies’ Q2 2020 earnings at $1.99 EPS, Q3 2020 earnings at $1.60 EPS and Q4 2020 earnings at $0.67 EPS.

A number of other research analysts also recently weighed in on the stock. Credit Suisse Group upped their price objective on shares of Estee Lauder Companies from $175.00 to $185.00 and gave the stock a “positive” rating in a research report on Thursday, May 2nd. ValuEngine raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Wells Fargo & Co reissued a “hold” rating and set a $142.00 target price (up previously from $135.00) on shares of Estee Lauder Companies in a research note on Tuesday, February 5th. Royal Bank of Canada boosted their target price on shares of Estee Lauder Companies to $173.00 and gave the stock a “positive” rating in a research note on Thursday, March 7th. Finally, DA Davidson cut shares of Estee Lauder Companies from a “buy” rating to a “neutral” rating and cut their target price for the stock from $179.00 to $155.00 in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $170.82.

Shares of Estee Lauder Companies stock traded up $1.56 during trading hours on Monday, reaching $165.61. The stock had a trading volume of 1,097,392 shares, compared to its average volume of 1,847,183. The company has a market cap of $60.29 billion, a P/E ratio of 36.72, a price-to-earnings-growth ratio of 2.47 and a beta of 0.72. Estee Lauder Companies has a twelve month low of $121.47 and a twelve month high of $180.20. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.26 and a current ratio of 1.69.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.25. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.56 billion. Estee Lauder Companies had a net margin of 12.45% and a return on equity of 43.52%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 earnings per share.

Several institutional investors have recently bought and sold shares of EL. Machina Capital S.A.S. acquired a new position in shares of Estee Lauder Companies in the 4th quarter worth approximately $30,000. Anderson Fisher LLC acquired a new position in shares of Estee Lauder Companies in the 1st quarter worth approximately $43,000. Coastal Investment Advisors Inc. acquired a new position in shares of Estee Lauder Companies in the 1st quarter worth approximately $43,000. Trust Co. of Vermont lifted its holdings in shares of Estee Lauder Companies by 112.1% in the 1st quarter. Trust Co. of Vermont now owns 263 shares of the company’s stock worth $44,000 after acquiring an additional 139 shares during the last quarter. Finally, Motco lifted its holdings in shares of Estee Lauder Companies by 45.8% in the 1st quarter. Motco now owns 277 shares of the company’s stock worth $46,000 after acquiring an additional 87 shares during the last quarter. 54.31% of the stock is owned by institutional investors and hedge funds.

In related news, Director Charlene Barshefsky sold 1,356 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $172.19, for a total transaction of $233,489.64. Following the completion of the sale, the director now owns 4,000 shares of the company’s stock, valued at approximately $688,760. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Alexandra C. Trower sold 25,296 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $158.71, for a total transaction of $4,014,728.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,101,723 shares of company stock valued at $515,663,218. 16.13% of the stock is owned by corporate insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.72 annualized dividend and a yield of 1.04%. Estee Lauder Companies’s dividend payout ratio is presently 38.14%.

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.

Featured Article: Using other technical indicators with support levels

Get a free copy of the Zacks research report on Estee Lauder Companies (EL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.