Zacks: Analysts Expect Estee Lauder Companies Inc (NYSE:EL) Will Post Earnings of $1.60 Per Share

Analysts predict that Estee Lauder Companies Inc (NYSE:EL) will post earnings per share of $1.60 for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Estee Lauder Companies’ earnings, with the highest EPS estimate coming in at $1.62 and the lowest estimate coming in at $1.58. Estee Lauder Companies reported earnings of $1.41 per share during the same quarter last year, which would suggest a positive year over year growth rate of 13.5%. The firm is scheduled to issue its next earnings results on Wednesday, October 30th.

On average, analysts expect that Estee Lauder Companies will report full-year earnings of $5.99 per share for the current fiscal year, with EPS estimates ranging from $5.95 to $6.06. For the next fiscal year, analysts anticipate that the firm will post earnings of $6.65 per share, with EPS estimates ranging from $6.27 to $6.86. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Estee Lauder Companies.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Monday, August 19th. The company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.11. Estee Lauder Companies had a net margin of 12.01% and a return on equity of 44.43%. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis.

A number of equities research analysts have recently commented on EL shares. Bank of America reiterated a “buy” rating and set a $220.00 price target (up previously from $205.00) on shares of Estee Lauder Companies in a report on Monday, August 19th. Raymond James restated an “outperform” rating and issued a $216.00 target price (up previously from $181.00) on shares of Estee Lauder Companies in a report on Tuesday, August 20th. Royal Bank of Canada lifted their target price on shares of Estee Lauder Companies to $200.00 in a research report on Tuesday, August 20th. Stifel Nicolaus increased their price target on Estee Lauder Companies from $205.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Finally, Wells Fargo & Co raised their price target on Estee Lauder Companies from $175.00 to $190.00 and gave the stock a “market perform” rating in a research note on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company. Estee Lauder Companies has an average rating of “Buy” and an average target price of $190.04.

Shares of NYSE:EL traded down $1.01 during trading on Friday, reaching $191.91. 2,045,061 shares of the stock traded hands, compared to its average volume of 1,669,095. The stock has a 50-day moving average of $192.60 and a two-hundred day moving average of $177.30. Estee Lauder Companies has a 52-week low of $121.47 and a 52-week high of $207.50. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.13 and a current ratio of 1.57. The stock has a market cap of $69.60 billion, a P/E ratio of 35.94, a price-to-earnings-growth ratio of 2.55 and a beta of 0.78.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Thursday, August 29th. Estee Lauder Companies’s dividend payout ratio is presently 32.21%.

In other news, EVP Alexandra C. Trower sold 6,608 shares of Estee Lauder Companies stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $203.78, for a total transaction of $1,346,578.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rose Marie Bravo sold 4,697 shares of Estee Lauder Companies stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $198.83, for a total transaction of $933,904.51. Following the transaction, the director now owns 12,697 shares in the company, valued at approximately $2,524,544.51. The disclosure for this sale can be found here. Insiders have sold a total of 2,187,217 shares of company stock worth $429,841,069 in the last quarter. Corporate insiders own 16.13% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Contravisory Investment Management Inc. increased its holdings in Estee Lauder Companies by 16.3% in the 2nd quarter. Contravisory Investment Management Inc. now owns 429 shares of the company’s stock valued at $79,000 after acquiring an additional 60 shares during the last quarter. First Manhattan Co. increased its holdings in Estee Lauder Companies by 15.6% in the 2nd quarter. First Manhattan Co. now owns 444 shares of the company’s stock valued at $81,000 after acquiring an additional 60 shares during the last quarter. Berman Capital Advisors LLC increased its holdings in Estee Lauder Companies by 35.0% in the 2nd quarter. Berman Capital Advisors LLC now owns 243 shares of the company’s stock valued at $44,000 after acquiring an additional 63 shares during the last quarter. Bessemer Group Inc. increased its holdings in Estee Lauder Companies by 1.5% in the 2nd quarter. Bessemer Group Inc. now owns 4,352 shares of the company’s stock valued at $797,000 after acquiring an additional 66 shares during the last quarter. Finally, Intrust Bank NA increased its holdings in Estee Lauder Companies by 1.6% in the 1st quarter. Intrust Bank NA now owns 4,621 shares of the company’s stock valued at $765,000 after acquiring an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 54.91% of the company’s stock.

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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