L’Oreal (LRLCY) Projected to Release Earnings on Wednesday

L’Oreal (OTCMKTS:LRLCY) is anticipated to announce its resultson Wednesday, July 29th. Analysts expect the company to announce earnings of $1.73 per share and revenue of $27.3389 billion for the quarter.

L’Oreal Trading Down 0.0%

Shares of OTCMKTS LRLCY opened at $86.43 on Wednesday. The company has a 50 day simple moving average of $86.95 and a two-hundred day simple moving average of $86.95. L’Oreal has a fifty-two week low of $78.82 and a fifty-two week high of $95.48. The company has a quick ratio of 1.15, a current ratio of 1.44 and a debt-to-equity ratio of 0.23.

Analysts Set New Price Targets

Several analysts recently weighed in on LRLCY shares. Citigroup upgraded L’Oreal from a “neutral” rating to a “buy” rating in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft cut L’Oreal from a “hold” rating to a “sell” rating in a research note on Monday, June 22nd. Berenberg Bank raised L’Oreal from a “hold” rating to a “buy” rating in a research note on Thursday, May 28th. Finally, BNP Paribas Exane upgraded L’Oreal from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

About L’Oreal

L’Oréal SA is a global beauty and personal care company, founded in 1909 by Eugène Schueller and headquartered in Clichy, France. The company develops, manufactures and markets a broad range of consumer and professional products across cosmetics, skin care, hair care, hair color, and fragrances. L’Oréal serves customers around the world through a combination of direct retail, salons, pharmacies, department stores and e-commerce, operating in numerous countries across Europe, the Americas, Asia-Pacific, Africa and the Middle East.

Operations are organized around several business divisions that target distinct channels and consumer segments, including Consumer Products, L’Oréal Luxe, Professional Products and Active Cosmetics.