Estee Lauder Companies Receives Consensus Rating of “Buy” from Analysts (NYSE:EL)
Estee Lauder Companies (NYSE:EL) has earned an average rating of “Buy” from the nineteen analysts that are presently covering the stock, AnalystRatings.NET reports. Four research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $83.29.
EL has been the subject of a number of recent research reports. 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.
Estee Lauder Companies (NYSE:EL) traded down 0.31% during mid-day trading on Wednesday, hitting $76.80. The stock had a trading volume of 89,998 shares. Estee Lauder Companies has a 52 week low of $63.63 and a 52 week high of $77.66. The stock’s 50-day moving average is $75.25 and its 200-day moving average is $72.63. The company has a market cap of $29.284 billion and a price-to-earnings ratio of 25.18.
Estee Lauder Companies (NYSE:EL) last released its earnings data 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 $3.03 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors 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 1.04%. The ex-dividend date of this dividend is Wednesday, August 27th.
In other Estee Lauder Companies news, CEO Fabrizio Freda sold 71,625 shares of the company’s stock on the open market in a transaction dated Friday, August 22nd. The stock was sold at an average price of $76.49, for a total value of $5,478,596.25. The sale was disclosed in a filing with the SEC, 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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