$3.51 Billion in Sales Expected for Estee Lauder Companies Inc (EL) This Quarter

Equities analysts predict that Estee Lauder Companies Inc (NYSE:EL) will report $3.51 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for Estee Lauder Companies’ earnings, with the highest sales estimate coming in at $3.55 billion and the lowest estimate coming in at $3.44 billion. Estee Lauder Companies posted sales of $3.30 billion during the same quarter last year, which suggests a positive year over year growth rate of 6.4%. The business is expected to report its next quarterly earnings results on Monday, August 19th.

According to Zacks, analysts expect that Estee Lauder Companies will report full-year sales of $14.79 billion for the current fiscal year, with estimates ranging from $14.72 billion to $14.82 billion. For the next year, analysts expect that the firm will post sales of $15.79 billion, with estimates ranging from $15.45 billion to $16.05 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Estee Lauder Companies.

Estee Lauder Companies (NYSE:EL) last posted its earnings results on Wednesday, May 1st. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.25. Estee Lauder Companies had a return on equity of 43.52% and a net margin of 12.45%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis.

A number of research analysts have issued reports on the company. Royal Bank of Canada cut Estee Lauder Companies from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from $173.00 to $178.00 in a research note on Thursday, May 2nd. They noted that the move was a valuation call. Wells Fargo & Co boosted their target price on Estee Lauder Companies from $142.00 to $155.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. BMO Capital Markets upped their price objective on Estee Lauder Companies from $155.00 to $180.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Citigroup upped their price objective on Estee Lauder Companies from $188.00 to $197.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, UBS Group upped their price objective on Estee Lauder Companies from $153.00 to $172.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $170.82.

NYSE:EL traded up $2.93 on Friday, reaching $176.86. The company’s stock had a trading volume of 1,034,311 shares, compared to its average volume of 1,824,075. Estee Lauder Companies has a 1-year low of $121.47 and a 1-year high of $180.20. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 0.62. The stock has a market cap of $62.94 billion, a price-to-earnings ratio of 39.22, a PEG ratio of 2.52 and a beta of 0.74.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.72 annualized dividend and a dividend yield of 0.97%. Estee Lauder Companies’s dividend payout ratio is currently 38.14%.

In related news, major shareholder Zinterhofer Aerin Lauder Trust sold 2,800,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $166.21, for a total transaction of $465,388,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charlene Barshefsky sold 1,356 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $172.19, for a total value of $233,489.64. Following the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at $688,760. The disclosure for this sale can be found here. Insiders have sold 3,076,427 shares of company stock valued at $511,648,490 over the last ninety days. 16.13% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Conning Inc. raised its stake in Estee Lauder Companies by 0.8% in the first quarter. Conning Inc. now owns 7,506 shares of the company’s stock valued at $1,243,000 after buying an additional 60 shares during the period. CMC Financial Group increased its stake in shares of Estee Lauder Companies by 0.7% during the first quarter. CMC Financial Group now owns 8,536 shares of the company’s stock worth $1,413,000 after purchasing an additional 61 shares during the period. Raymond James Trust N.A. increased its stake in shares of Estee Lauder Companies by 0.8% during the first quarter. Raymond James Trust N.A. now owns 7,864 shares of the company’s stock worth $1,302,000 after purchasing an additional 66 shares during the period. WealthBridge Capital Management LLC increased its stake in shares of Estee Lauder Companies by 22.0% during the first quarter. WealthBridge Capital Management LLC now owns 366 shares of the company’s stock worth $61,000 after purchasing an additional 66 shares during the period. Finally, National Asset Management Inc. increased its stake in shares of Estee Lauder Companies by 1.8% during the fourth quarter. National Asset Management Inc. now owns 3,844 shares of the company’s stock worth $500,000 after purchasing an additional 69 shares during the period. 54.22% of the stock is owned by hedge funds and other institutional investors.

Estee Lauder Companies Company Profile

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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