Equities analysts expect that Estee Lauder Companies, Inc. (The) (NYSE:EL) will post sales of $2.84 billion for the current quarter, according to Zacks. Seven analysts have issued estimates for Estee Lauder Companies, Inc. (The)’s earnings, with the highest sales estimate coming in at $2.89 billion and the lowest estimate coming in at $2.78 billion. Estee Lauder Companies, Inc. (The) posted sales of $2.65 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 7.2%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Friday, August 18th.

On average, analysts expect that Estee Lauder Companies, Inc. (The) will report full year sales of $2.84 billion for the current year, with estimates ranging from $11.71 billion to $11.82 billion. For the next year, analysts anticipate that the business will post sales of $12.56 billion per share, with estimates ranging from $12.28 billion to $12.86 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Estee Lauder Companies, Inc. (The).

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced its earnings results on Wednesday, May 3rd. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.18. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. Estee Lauder Companies, Inc. (The) had a return on equity of 33.40% and a net margin of 9.62%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 EPS.

A number of brokerages have weighed in on EL. Zacks Investment Research downgraded shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. J P Morgan Chase & Co started coverage on shares of Estee Lauder Companies, Inc. (The) in a research report on Tuesday, March 21st. They set an “overweight” rating and a $100.00 price target for the company. Jefferies Group LLC raised shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Friday, June 2nd. Wells Fargo & Company reaffirmed a “buy” rating on shares of Estee Lauder Companies, Inc. (The) in a research report on Saturday, April 22nd. Finally, Deutsche Bank AG cut their target price on shares of Estee Lauder Companies, Inc. (The) from $102.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Estee Lauder Companies, Inc. (The) currently has a consensus rating of “Buy” and an average price target of $98.47.

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Shares of Estee Lauder Companies, Inc. (NYSE EL) traded up 0.70% on Friday, reaching $94.52. The company’s stock had a trading volume of 1,553,523 shares. The firm has a market cap of $34.77 billion, a price-to-earnings ratio of 31.68 and a beta of 0.71. Estee Lauder Companies, Inc. has a 12 month low of $75.29 and a 12 month high of $98.40. The stock has a 50 day moving average of $95.11 and a 200-day moving average of $86.20.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were issued a dividend of $0.34 per share. The ex-dividend date was Friday, May 26th. This represents a $1.36 annualized dividend and a yield of 1.44%. Estee Lauder Companies, Inc. (The)’s payout ratio is 45.48%.

In other news, Director G. Scott Paterson purchased 500,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were bought at an average cost of $0.07 per share, for a total transaction of $35,000.00. Also, major shareholder Ronald S. Foundation Lauder sold 16,667 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $92.31, for a total transaction of $1,538,530.77. Following the transaction, the insider now owns 83,638 shares in the company, valued at $7,720,623.78. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 930,000 shares of company stock worth $60,800 and have sold 95,070 shares worth $9,023,304. Corporate insiders own 16.98% of the company’s stock.

A number of institutional investors have recently modified their holdings of EL. BLS Capital Fondsmaeglerselskab A S purchased a new position in shares of Estee Lauder Companies, Inc. (The) during the fourth quarter valued at approximately $12,896,000. Dimensional Fund Advisors LP increased its position in shares of Estee Lauder Companies, Inc. (The) by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 453,522 shares of the company’s stock valued at $34,693,000 after buying an additional 5,720 shares during the last quarter. Martingale Asset Management L P increased its position in shares of Estee Lauder Companies, Inc. (The) by 10.8% in the fourth quarter. Martingale Asset Management L P now owns 5,134 shares of the company’s stock valued at $393,000 after buying an additional 499 shares during the last quarter. Numeric Investors LLC increased its position in shares of Estee Lauder Companies, Inc. (The) by 25.9% in the fourth quarter. Numeric Investors LLC now owns 10,700 shares of the company’s stock valued at $818,000 after buying an additional 2,200 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Estee Lauder Companies, Inc. (The) during the fourth quarter valued at approximately $87,371,000. Institutional investors own 54.33% of the company’s stock.

About Estee Lauder Companies, Inc. (The)

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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Earnings History and Estimates for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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