Estee Lauder Companies, Inc. (The) (NYSE:EL) – Research analysts at Oppenheimer Holdings upped their FY2018 EPS estimates for shares of Estee Lauder Companies, Inc. (The) in a research note issued to investors on Wednesday. Oppenheimer Holdings analyst R. Parikh now anticipates that the company will earn $4.15 per share for the year, up from their previous estimate of $4.00. Oppenheimer Holdings has a “Buy” rating and a $120.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Estee Lauder Companies, Inc. (The)’s FY2019 earnings at $4.60 EPS.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last released its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.24. Estee Lauder Companies, Inc. (The) had a net margin of 10.56% and a return on equity of 32.38%. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period last year, the firm earned $0.85 earnings per share. The firm’s revenue was up 14.3% on a year-over-year basis.

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Several other research firms have also recently issued reports on EL. Morgan Stanley upped their target price on shares of Estee Lauder Companies, Inc. (The) from $122.00 to $134.00 and gave the company an “overweight” rating in a research note on Thursday. Argus upped their target price on shares of Estee Lauder Companies, Inc. (The) from $125.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup Inc. upped their target price on shares of Estee Lauder Companies, Inc. (The) from $111.00 to $128.00 and gave the company a “neutral” rating in a research note on Thursday. KeyCorp restated an “overweight” rating and set a $135.00 target price (up previously from $115.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Thursday. They noted that the move was a valuation call. Finally, Telsey Advisory Group upped their target price on shares of Estee Lauder Companies, Inc. (The) from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Estee Lauder Companies, Inc. (The) currently has a consensus rating of “Buy” and a consensus target price of $116.62.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.38 per share. This is a boost from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. The ex-dividend date is Wednesday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.36%. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 40.60%.

In other Estee Lauder Companies, Inc. (The) news, EVP Gregory Polcer sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $110.00, for a total transaction of $2,750,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael O’hare sold 2,619 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $108.56, for a total transaction of $284,318.64. Following the sale, the executive vice president now owns 5,929 shares in the company, valued at approximately $643,652.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 580,641 shares of company stock worth $61,605,635. 16.24% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nicolet Bankshares Inc. raised its stake in Estee Lauder Companies, Inc. (The) by 37.6% during the 3rd quarter. Nicolet Bankshares Inc. now owns 4,150 shares of the company’s stock worth $448,000 after acquiring an additional 1,135 shares during the period. United Asset Strategies Inc. raised its stake in Estee Lauder Companies, Inc. (The) by 26.6% during the 3rd quarter. United Asset Strategies Inc. now owns 4,288 shares of the company’s stock worth $462,000 after acquiring an additional 900 shares during the period. USA Financial Portformulas Corp bought a new stake in Estee Lauder Companies, Inc. (The) during the 3rd quarter worth approximately $4,363,000. State of Tennessee Treasury Department raised its stake in Estee Lauder Companies, Inc. (The) by 618.0% during the 3rd quarter. State of Tennessee Treasury Department now owns 603,428 shares of the company’s stock worth $65,074,000 after acquiring an additional 519,390 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its stake in Estee Lauder Companies, Inc. (The) by 2.2% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 36,886 shares of the company’s stock worth $3,978,000 after acquiring an additional 800 shares during the period. Institutional investors own 54.89% of the company’s stock.

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.

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

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