Estee Lauder Companies’s Neutral Rating Reiterated at Zacks (EL)
Estee Lauder Companies (NYSE:EL)‘s stock had its “neutral” rating restated by Zacks in a research note issued on Monday. They currently have a $80.00 price target on the stock. Zacks‘s price objective points to a potential upside of 5.04% from the company’s current price.
Zacks’ analyst wrote, “Estee Lauder’s fourth-quarter fiscal 2014 earnings of $0.45 missed the Zacks Consensus Estimate by 20%. Earnings, however, went up 83% year over year due to higher revenues. Net sales climbed 5% year over year and inched past the Zacks Consensus Estimate backed by strong results in all the categories. Sales were on the upswing as most of the product categories performed well in all the geographical regions. We commend the company’s aggressive marketing investment coupled with continued product innovation which is expected to boost sales in the coming quarters. Further, the company’s fast expansion into emerging markets is expected to insulate it from the ongoing macroeconomic challenges in the western countries. However, the difficult consumer spending environment continues, which keeps us on the sidelines with a Neutral rating “
Estee Lauder Companies (NYSE:EL) traded up 0.55% during mid-day trading on Monday, hitting $76.58. The stock had a trading volume of 1,389,590 shares. Estee Lauder Companies has a one year low of $63.63 and a one year high of $77.34. The stock’s 50-day moving average is $74.84 and its 200-day moving average is $72.17. The company has a market cap of $29.330 billion and a price-to-earnings ratio of 24.89.
Estee Lauder Companies (NYSE:EL) last announced its earnings results on Friday, August 15th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, analysts predict that Estee Lauder Companies will post $3.16 earnings per share for the current fiscal year.
The company also recently announced 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 1.05%. The ex-dividend date is Wednesday, August 27th.
EL has been the subject of a number of other recent research reports. Analysts at Bernstein raised their price target on shares of Estee Lauder Companies from $81.00 to $82.00 in a research note on Monday. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Estee Lauder Companies in a research note on Monday. They now have a $87.00 price target on the stock, up previously from $81.00. Finally, analysts at Telsey Advisory Group reiterated a “” rating on shares of Estee Lauder Companies in a research note on Monday. They now have a $81.00 price target on the stock. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $83.29.
The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.
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