Estee Lauder Companies Inc (EL) Expected to Post Quarterly Sales of $2.84 Billion
Equities research analysts predict that Estee Lauder Companies Inc (NYSE:EL) will announce $2.84 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Estee Lauder Companies’ earnings. The highest sales estimate is $2.87 billion and the lowest is $2.81 billion. Estee Lauder Companies reported sales of $2.65 billion during the same quarter last year, which would suggest a positive year over year growth rate of 7.2%. The firm is scheduled to report its next earnings results before the market opens on Friday, August 18th.
On average, analysts expect that Estee Lauder Companies will report full year sales of $2.84 billion for the current fiscal year, with estimates ranging from $11.72 billion to $11.8 billion. For the next year, analysts anticipate that the firm will post sales of $12.56 billion per share, with estimates ranging from $12.43 billion to $12.66 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Estee Lauder Companies.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Wednesday, May 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.18. Estee Lauder Companies had a net margin of 9.50% and a return on equity of 32.36%. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the firm posted $0.73 EPS. Estee Lauder Companies’s revenue for the quarter was up 7.5% on a year-over-year basis.
Several equities analysts have recently commented on the stock. Societe Generale lowered shares of Estee Lauder Companies from a “buy” rating to a “hold” rating and upped their price target for the stock from $90.00 to $93.00 in a research report on Monday. Vetr lowered shares of Estee Lauder Companies from a “strong-buy” rating to a “buy” rating and set a $101.50 price target for the company. in a research report on Wednesday, May 3rd. BMO Capital Markets restated a “sell” rating on shares of Estee Lauder Companies in a research report on Thursday, May 4th. Deutsche Bank AG lowered their price target on shares of Estee Lauder Companies from $102.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, May 4th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $100.00 target price on shares of Estee Lauder Companies in a research report on Thursday, April 27th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $96.75.
Shares of Estee Lauder Companies (NYSE:EL) traded up 0.79% on Wednesday, reaching $92.10. 226,704 shares of the company’s stock traded hands. The company has a 50 day moving average of $88.01 and a 200-day moving average of $82.68. The stock has a market capitalization of $33.88 billion, a PE ratio of 30.86 and a beta of 0.86. Estee Lauder Companies has a 52 week low of $75.29 and a 52 week high of $95.38.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, May 26th. Estee Lauder Companies’s dividend payout ratio (DPR) is 46.90%.
In related news, insider John Demsey sold 23,304 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $94.00, for a total value of $2,190,576.00. Following the transaction, the insider now owns 23,304 shares in the company, valued at $2,190,576. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Ronald S. Foundation Lauder sold 16,667 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $92.31, for a total value of $1,538,530.77. Following the completion of the transaction, the insider now owns 83,638 shares in the company, valued at approximately $7,720,623.78. The disclosure for this sale can be found here. Insiders sold 60,981 shares of company stock valued at $5,524,621 over the last three months. 16.98% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in EL. Capital One National Association increased its position in Estee Lauder Companies by 7.7% in the third quarter. Capital One National Association now owns 4,065 shares of the company’s stock worth $360,000 after buying an additional 291 shares in the last quarter. Scott & Selber Inc. purchased a new position in Estee Lauder Companies during the third quarter worth approximately $2,740,000. World Asset Management Inc increased its position in Estee Lauder Companies by 1.3% in the third quarter. World Asset Management Inc now owns 22,108 shares of the company’s stock worth $1,958,000 after buying an additional 284 shares in the last quarter. Rothschild Asset Management Inc. increased its position in Estee Lauder Companies by 30.3% in the third quarter. Rothschild Asset Management Inc. now owns 5,361 shares of the company’s stock worth $475,000 after buying an additional 1,247 shares in the last quarter. Finally, FTB Advisors Inc. increased its position in Estee Lauder Companies by 1.1% in the third quarter. FTB Advisors Inc. now owns 1,637 shares of the company’s stock worth $142,000 after buying an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 55.53% of the company’s stock.
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Estee Lauder Companies Company Profile
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.
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