Share on StockTwits

Estee Lauder Companies (NYSE:EL) issued its quarterly earnings data on Friday. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.10, AnalystRatings.Net reports. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.66 billion.

A number of research firms have recently commented on EL. Analysts at Stifel Nicolaus raised their price target on shares of Estee Lauder Companies from $80.00 to $85.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. On a related note, analysts at Argus initiated coverage on shares of Estee Lauder Companies in a research note on Thursday, July 17th. They set a “buy” rating and a $88.00 price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Estee Lauder Companies in a research note on Wednesday, July 9th. They now have a $84.00 price target on the stock, up previously from $82.00. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $83.17.

Estee Lauder Companies (NYSE:EL) opened at 75.90 on Friday. Estee Lauder Companies has a 1-year low of $63.63 and a 1-year high of $77.34. The stock’s 50-day moving average is $74.80 and its 200-day moving average is $72.12. The company has a market cap of $29.054 billion and a P/E ratio of 28.59.

The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.06%.

The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.