Brokerages expect that Estee Lauder Companies, Inc. (The) (NYSE:EL) will announce sales of $2.84 billion for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Estee Lauder Companies, Inc. (The)’s earnings. The lowest sales estimate is $2.78 billion and the highest is $2.89 billion. Estee Lauder Companies, Inc. (The) posted sales of $2.65 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.2%. The company is expected to announce its next quarterly earnings report before the market opens on Friday, August 18th.

According to Zacks, analysts expect that Estee Lauder Companies, Inc. (The) will report full-year sales of $2.84 billion for the current financial year, with estimates ranging from $11.71 billion to $11.82 billion. For the next year, analysts expect that the firm will report sales of $12.56 billion per share, with estimates ranging from $12.28 billion to $12.86 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Estee Lauder Companies, Inc. (The).

Estee Lauder Companies, Inc. (The) (NYSE:EL) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.18. Estee Lauder Companies, Inc. (The) had a net margin of 9.62% and a return on equity of 33.40%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the firm earned $0.73 earnings per share. Estee Lauder Companies, Inc. (The)’s revenue for the quarter was up 7.5% on a year-over-year basis.

A number of equities analysts recently commented on the company. Stifel Nicolaus set a $108.00 price objective on Estee Lauder Companies, Inc. (The) and gave the stock a “buy” rating in a report on Thursday. Jefferies Group LLC restated a “buy” rating and issued a $110.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a report on Thursday. Zacks Investment Research upgraded Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a report on Tuesday. Royal Bank Of Canada restated a “buy” rating and issued a $100.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a report on Wednesday, May 31st. Finally, Societe Generale downgraded Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating and increased their price objective for the stock from $90.00 to $93.00 in a report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $98.36.

COPYRIGHT VIOLATION WARNING: This story was first posted by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and international trademark & copyright legislation. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/07/07/estee-lauder-companies-inc-the-nyseel-expected-to-post-quarterly-sales-of-2-84-billion.html.

Estee Lauder Companies, Inc. (NYSE:EL) traded down 0.3887% during midday trading on Friday, reaching $94.4714. 704,497 shares of the company’s stock traded hands. The company’s 50-day moving average price is $95.11 and its 200 day moving average price is $86.20. The stock has a market capitalization of $34.75 billion, a price-to-earnings ratio of 31.6593 and a beta of 0.71. Estee Lauder Companies, Inc. has a 52 week low of $75.30 and a 52 week high of $98.40.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, May 26th. This represents a $1.36 annualized dividend and a dividend yield of 1.43%. Estee Lauder Companies, Inc. (The)’s dividend payout ratio is 45.48%.

In other news, Director G. Scott Paterson bought 500,000 shares of Estee Lauder Companies, Inc. (The) stock in a transaction that occurred on Tuesday, May 9th. The stock was purchased at an average cost of $0.07 per share, with a total value of $35,000.00. Also, Director Charlene Barshefsky sold 2,383 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $92.98, for a total value of $221,571.34. Following the completion of the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at $371,920. The disclosure for this sale can be found here. Over the last three months, insiders bought 930,000 shares of company stock valued at $60,800 and sold 79,190 shares valued at $7,513,434. 16.98% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of EL. BLS Capital Fondsmaeglerselskab A S purchased a new position in shares of Estee Lauder Companies, Inc. (The) during the fourth quarter valued at approximately $12,896,000. Dimensional Fund Advisors LP boosted its position in shares of Estee Lauder Companies, Inc. (The) by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 453,522 shares of the company’s stock valued at $34,693,000 after buying an additional 5,720 shares during the period. Martingale Asset Management L P boosted its position in shares of Estee Lauder Companies, Inc. (The) by 10.8% in the fourth quarter. Martingale Asset Management L P now owns 5,134 shares of the company’s stock valued at $393,000 after buying an additional 499 shares during the period. Numeric Investors LLC boosted its position in shares of Estee Lauder Companies, Inc. (The) by 25.9% in the fourth quarter. Numeric Investors LLC now owns 10,700 shares of the company’s stock valued at $818,000 after buying an additional 2,200 shares during the period. Finally, Norges Bank purchased a new position in shares of Estee Lauder Companies, Inc. (The) during the fourth quarter valued at approximately $87,371,000. 55.21% of the stock is owned by hedge funds and other institutional investors.

About Estee Lauder Companies, Inc. (The)

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

Get a free copy of the Zacks research report on Estee Lauder Companies, Inc. (The) (EL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Estee Lauder Companies, Inc. (The) (NYSE:EL)

Receive News & Ratings for Estee Lauder Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.