Estee Lauder Companies Reaches New 12-Month High at $77.39 (EL)
Shares of Estee Lauder Companies (NYSE:EL) reached a new 52-week high during mid-day trading on Monday , American Banking News.com reports. The stock traded as high as $77.39 and last traded at $77.10, with a volume of 460,673 shares trading hands. The stock had previously closed at $76.29.
A number of research firms have recently commented on EL. Analysts at Zacks reiterated a “neutral” rating on shares of Estee Lauder Companies in a research note on Monday, August 18th. They now have a $80.00 price target on the stock. Separately, 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, August 18th. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Estee Lauder Companies in a research note on Monday, August 18th. They now have a $87.00 price target on the stock, up previously from $81.00. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.29.
The stock’s 50-day moving average is $75.14 and its 200-day moving average is $72.45. The company has a market cap of $29.433 billion and a price-to-earnings ratio of 24.93.
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 $3.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Investors 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 1.04%. The ex-dividend date is Wednesday, August 27th.
In other Estee Lauder Companies news, EVP Alexandra C. Trower unloaded 15,344 shares of the company’s stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $76.63, for a total value of $1,175,810.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.
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