Estee Lauder Companies Given Average Recommendation of “Buy” by Brokerages (NYSE:EL)
Estee Lauder Companies (NYSE:EL) has earned an average rating of “Buy” from the nineteen brokerages that are presently covering the stock, Analyst RN reports. Four equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $83.29.
Shares of Estee Lauder Companies (NYSE:EL) opened at 76.83 on Wednesday. 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 $75.46 and its 200-day moving average is $72.81. The company has a market cap of $29.296 billion and a P/E ratio of 25.05.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Friday, August 15th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.24 earnings per share. Estee Lauder Companies’s revenue was up 13.2% compared to the same quarter last year. On average, analysts predict that Estee Lauder Companies will post $3.03 earnings per share 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 1.04%. The ex-dividend date of this dividend is Wednesday, August 27th.
In other Estee Lauder Companies news, Director Charlene Barshefsky unloaded 3,837 shares of the stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $77.40, for a total value of $296,983.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on EL shares. 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.
The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.
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