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.
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.
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