Estee Lauder Companies Rating Reiterated by Telsey Advisory Group (EL)
Estee Lauder Companies (NYSE:EL)‘s stock had its “” rating reiterated by stock analysts at Telsey Advisory Group in a report issued on Monday. They currently have a $81.00 price target on the stock. Telsey Advisory Group’s target price would suggest a potential upside of 6.36% from the company’s current price.
Shares of Estee Lauder Companies (NYSE:EL) opened at 77.07 on Monday. Estee Lauder Companies has a 52 week low of $63.63 and a 52 week high of $77.34. The stock has a 50-day moving average of $74.84 and a 200-day moving average of $72.17. The company has a market cap of $29.518 billion and a price-to-earnings ratio of 24.89.
Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Friday, August 15th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.10. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. Analysts expect that Estee Lauder Companies will post $3.16 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, August 27th.
Several other analysts have also recently commented on the stock. Analysts at B. Riley cut their price target on shares of Estee Lauder Companies from $81.00 to $78.00 in a research note on Monday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $82.92.
The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.
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