Q2 2018 Earnings Estimate for Estee Lauder Companies Inc Issued By Jefferies Group (EL)

Estee Lauder Companies Inc (NYSE:EL) – Analysts at Jefferies Group boosted their Q2 2018 earnings per share estimates for shares of Estee Lauder Companies in a research report issued to clients and investors on Wednesday. Jefferies Group analyst S. Wissink now expects that the company will earn $1.44 per share for the quarter, up from their prior estimate of $1.41. Jefferies Group currently has a “Buy” rating and a $148.00 price objective on the stock. Jefferies Group also issued estimates for Estee Lauder Companies’ Q3 2019 earnings at $1.19 EPS.

Estee Lauder Companies (NYSE:EL) last announced its earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.24. The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Estee Lauder Companies had a return on equity of 33.64% and a net margin of 11.30%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS.

Other analysts have also recently issued research reports about the company. Deutsche Bank began coverage on Estee Lauder Companies in a research report on Wednesday, December 13th. They issued a “hold” rating and a $134.00 price objective for the company. Stifel Nicolaus raised their price objective on Estee Lauder Companies from $114.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Citigroup raised their price objective on Estee Lauder Companies from $111.00 to $128.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. KeyCorp reissued an “overweight” rating and issued a $135.00 price objective (up previously from $115.00) on shares of Estee Lauder Companies in a research report on Thursday, November 2nd. They noted that the move was a valuation call. Finally, Morgan Stanley raised their price objective on Estee Lauder Companies from $122.00 to $134.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Seven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $117.67.

Shares of Estee Lauder Companies (NYSE:EL) traded down $1.08 during midday trading on Friday, reaching $130.98. The company’s stock had a trading volume of 1,147,100 shares, compared to its average volume of 1,483,167. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.75 and a quick ratio of 1.27. The company has a market cap of $49,210.00, a PE ratio of 35.40, a PEG ratio of 2.54 and a beta of 0.71. Estee Lauder Companies has a 1-year low of $78.36 and a 1-year high of $132.59.

Several institutional investors have recently made changes to their positions in the stock. Moors & Cabot Inc. increased its stake in shares of Estee Lauder Companies by 1.1% in the 2nd quarter. Moors & Cabot Inc. now owns 3,825 shares of the company’s stock valued at $365,000 after purchasing an additional 40 shares in the last quarter. Glenview Trust Co boosted its holdings in Estee Lauder Companies by 1.5% in the 2nd quarter. Glenview Trust Co now owns 2,744 shares of the company’s stock worth $263,000 after buying an additional 41 shares during the last quarter. Williams Jones & Associates LLC boosted its holdings in Estee Lauder Companies by 0.7% in the 2nd quarter. Williams Jones & Associates LLC now owns 6,865 shares of the company’s stock worth $659,000 after buying an additional 45 shares during the last quarter. Wealthsource Partners LLC boosted its holdings in Estee Lauder Companies by 3.6% in the 2nd quarter. Wealthsource Partners LLC now owns 3,092 shares of the company’s stock worth $297,000 after buying an additional 108 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in Estee Lauder Companies by 0.6% in the 2nd quarter. ProShare Advisors LLC now owns 35,864 shares of the company’s stock worth $3,442,000 after buying an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 53.65% of the company’s stock.

In related news, insider 1992 Grat Remainder Trust Fbo sold 571,351 shares of Estee Lauder Companies stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $125.44, for a total value of $71,670,269.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sara E. Moss sold 29,873 shares of Estee Lauder Companies stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $121.16, for a total value of $3,619,412.68. The disclosure for this sale can be found here. Insiders have sold a total of 1,566,381 shares of company stock valued at $195,955,337 in the last quarter. Company insiders own 16.24% of the company’s stock.

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About Estee Lauder Companies

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 (NYSE:EL)

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