L'Oreal SA to Post FY2017 Earnings of $1.60 Per Share, Jefferies Group Forecasts (LRLCY)
L'Oreal SA (OTCMKTS:LRLCY) – Jefferies Group boosted their FY2017 earnings estimates for shares of L'Oreal in a research report issued on Wednesday. Jefferies Group analyst M. Deboo now expects that the company will post earnings per share of $1.60 for the year, up from their previous forecast of $1.54. Jefferies Group also issued estimates for L'Oreal’s FY2018 earnings at $1.69 EPS, FY2019 earnings at $1.78 EPS and FY2020 earnings at $1.87 EPS.
LRLCY has been the subject of several other reports. Zacks Investment Research downgraded shares of L'Oreal from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Goldman Sachs Group raised shares of L'Oreal from a “neutral” rating to a “buy” rating in a research note on Monday, December 11th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of L'Oreal in a research note on Monday, December 18th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. L'Oreal presently has a consensus rating of “Buy” and a consensus price target of $49.00.
L'Oreal Company Profile
L’Oreal SA is a France-based holding company. The Company, through its subsidiaries, develops the business activities of the L’Oreal Group (Group) in the country or region in which they are located. The Company’s non-core activities include insurance, reinsurance and banking. The Company’s Cosmetics Division is organized into four divisions: Professional Products, Consumer Products, L’Oreal Luxe and Active Cosmetics.
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