Wall Street analysts expect Estee Lauder Companies Inc (NYSE:EL) to announce sales of $3.53 billion for the current quarter, Zacks reports. Nine analysts have issued estimates for Estee Lauder Companies’ earnings, with the highest sales estimate coming in at $3.75 billion and the lowest estimate coming in at $3.44 billion. Estee Lauder Companies reported sales of $3.30 billion during the same quarter last year, which would suggest a positive year over year growth rate of 7%. The company is expected to announce its next 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 financial year, with estimates ranging from $14.72 billion to $14.82 billion. For the next financial year, analysts expect that the business will report 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 research firms that cover Estee Lauder Companies.
Estee Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, May 1st. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.25. Estee Lauder Companies had a net margin of 12.45% and a return on equity of 43.52%. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same period last year, the business earned $1.17 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis.
A number of equities analysts recently commented on the company. ValuEngine raised Estee Lauder Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Wells Fargo & Co reiterated a “hold” rating and issued a $142.00 price target (up from $135.00) on shares of Estee Lauder Companies in a report on Tuesday, February 5th. Royal Bank of Canada raised their price objective on Estee Lauder Companies to $173.00 and gave the stock a “positive” rating in a report on Thursday, March 7th. Berenberg Bank downgraded Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $150.00 price objective on the stock. in a report on Wednesday, February 6th. Finally, Oppenheimer raised their price objective on Estee Lauder Companies from $164.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company. Estee Lauder Companies presently has an average rating of “Buy” and an average price target of $170.78.
EL stock traded up $2.97 during midday trading on Friday, reaching $169.97. 1,341,872 shares of the company were exchanged, compared to its average volume of 1,891,624. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.69 and a quick ratio of 1.26. Estee Lauder Companies has a one year low of $121.47 and a one year high of $180.20. The stock has a market cap of $59.74 billion, a price-to-earnings ratio of 37.69, a price-to-earnings-growth ratio of 2.44 and a beta of 0.72.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders 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 yield of 1.01%. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 38.14%.
In other Estee Lauder Companies news, major shareholder Ronald S. Foundation Lauder sold 38,080 shares of the stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $153.41, for a total transaction of $5,841,852.80. Following the sale, the insider now owns 105,051 shares of the company’s stock, valued at approximately $16,115,873.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Irvine O. Hockaday, Jr. sold 1,500 shares of the stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $155.31, for a total value of $232,965.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,214,730 shares of company stock worth $531,660,018 in the last ninety days. Insiders own 16.13% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in EL. BTIM Corp. raised its stake in Estee Lauder Companies by 2.0% in the 4th quarter. BTIM Corp. now owns 227,781 shares of the company’s stock worth $29,635,000 after acquiring an additional 4,500 shares during the last quarter. Boston Advisors LLC boosted its stake in shares of Estee Lauder Companies by 2.0% during the fourth quarter. Boston Advisors LLC now owns 9,876 shares of the company’s stock worth $1,285,000 after buying an additional 190 shares during the period. Fundsmith LLP raised its holdings in Estee Lauder Companies by 6.7% during the fourth quarter. Fundsmith LLP now owns 6,275,561 shares of the company’s stock worth $911,965,000 after purchasing an additional 394,564 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in Estee Lauder Companies by 2.2% during the fourth quarter. Commonwealth Bank of Australia now owns 19,874 shares of the company’s stock worth $2,580,000 after purchasing an additional 434 shares in the last quarter. Finally, Parsec Financial Management Inc. raised its holdings in Estee Lauder Companies by 124.5% during the first quarter. Parsec Financial Management Inc. now owns 29,038 shares of the company’s stock worth $4,807,000 after purchasing an additional 16,105 shares in the last quarter. 53.06% of the stock is currently owned by institutional investors and hedge funds.
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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