Wall Street analysts forecast that Estee Lauder Companies Inc (NYSE:EL) will announce sales of $3.92 billion for the current quarter, Zacks reports. Nine analysts have provided estimates for Estee Lauder Companies’ earnings, with the highest sales estimate coming in at $3.96 billion and the lowest estimate coming in at $3.88 billion. Estee Lauder Companies posted sales of $3.74 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 4.8%. The company is expected to report its next quarterly earnings results on Friday, February 1st.
According to Zacks, analysts expect that Estee Lauder Companies will report full-year sales of $14.34 billion for the current financial year, with estimates ranging from $14.23 billion to $14.45 billion. For the next year, analysts forecast that the firm will post sales of $15.25 billion, with estimates ranging from $15.08 billion to $15.46 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Estee Lauder Companies.
Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.19. Estee Lauder Companies had a net margin of 8.48% and a return on equity of 38.29%. The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same period last year, the firm posted $1.21 EPS. Estee Lauder Companies’s revenue was up 7.6% on a year-over-year basis.
A number of equities analysts have issued reports on the stock. DA Davidson raised shares of Estee Lauder Companies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $134.00 to $167.00 in a research report on Tuesday, August 21st. Piper Jaffray Companies set a $156.00 price target on shares of Estee Lauder Companies and gave the stock an “overweight” rating in a research report on Tuesday, August 21st. Raymond James raised their price target on shares of Estee Lauder Companies from $145.00 to $151.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 21st. Zacks Investment Research lowered shares of Estee Lauder Companies from a “hold” rating to a “strong sell” rating in a research report on Monday, October 1st. Finally, Deutsche Bank reduced their price target on shares of Estee Lauder Companies to $159.00 and set a “buy” rating for the company in a research report on Tuesday, August 21st. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $146.77.
In other news, Director Irvine O. Hockaday, Jr. sold 1,700 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $137.57, for a total transaction of $233,869.00. Following the sale, the director now owns 15,040 shares of the company’s stock, valued at approximately $2,069,052.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Ronald S. Foundation Lauder sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $142.73, for a total transaction of $2,140,950.00. The disclosure for this sale can be found here. Insiders have sold a total of 305,573 shares of company stock worth $43,489,454 in the last ninety days. Corporate insiders own 16.13% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. NEXT Financial Group Inc acquired a new stake in Estee Lauder Companies in the 3rd quarter valued at $108,000. CSat Investment Advisory L.P. acquired a new stake in Estee Lauder Companies in the 2nd quarter valued at $106,000. Amussen Hunsaker Associates LLC acquired a new stake in Estee Lauder Companies in the 2nd quarter valued at $112,000. Itau Unibanco Holding S.A. grew its stake in Estee Lauder Companies by 400.6% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 796 shares of the company’s stock valued at $114,000 after acquiring an additional 637 shares during the period. Finally, Fort L.P. acquired a new stake in Estee Lauder Companies in the 2nd quarter valued at $116,000. 57.29% of the stock is currently owned by institutional investors and hedge funds.
EL opened at $141.50 on Friday. Estee Lauder Companies has a 12-month low of $121.93 and a 12-month high of $158.80. The company has a quick ratio of 1.28, a current ratio of 1.75 and a debt-to-equity ratio of 0.76. The company has a market cap of $50.80 billion, a price-to-earnings ratio of 31.37, a price-to-earnings-growth ratio of 2.43 and a beta of 0.66.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.43 per share. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, November 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.22%. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 33.70%.
About Estee Lauder Companies
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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