Wall Street brokerages expect Estee Lauder Companies, Inc. (The) (NYSE:EL) to post earnings of $0.96 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Estee Lauder Companies, Inc. (The)’s earnings, with the lowest EPS estimate coming in at $0.94 and the highest estimate coming in at $1.00. Estee Lauder Companies, Inc. (The) reported earnings of $0.84 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.3%. The firm is scheduled to report its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Estee Lauder Companies, Inc. (The) will report full year earnings of $3.95 per share for the current year, with EPS estimates ranging from $3.90 to $4.03. For the next financial year, analysts anticipate that the business will report earnings of $4.41 per share, with EPS estimates ranging from $4.30 to $4.50. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Estee Lauder Companies, Inc. (The).

Estee Lauder Companies, Inc. (The) (NYSE:EL) last issued its quarterly earnings data on Friday, August 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a return on equity of 32.38% and a net margin of 10.56%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter last year, the business posted $0.43 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year.

EL has been the subject of several recent analyst reports. Telsey Advisory Group upped their target price on shares of Estee Lauder Companies, Inc. (The) from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, August 15th. Jefferies Group LLC upgraded shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Friday, June 2nd. Wells Fargo & Company reiterated an “outperform” rating and issued a $106.00 price target (up previously from $103.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Saturday, July 22nd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $117.00 price target on shares of Estee Lauder Companies, Inc. (The) in a research note on Tuesday, August 29th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $122.00 price target (up previously from $106.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Estee Lauder Companies, Inc. (The) presently has an average rating of “Buy” and a consensus price target of $108.15.

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In other Estee Lauder Companies, Inc. (The) news, VP Sara E. Moss sold 14,552 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $100.22, for a total value of $1,458,401.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rose Marie Bravo sold 9,312 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $95.89, for a total transaction of $892,927.68. Following the completion of the transaction, the director now directly owns 12,576 shares of the company’s stock, valued at approximately $1,205,912.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 528,852 shares of company stock worth $55,339,085. Insiders own 16.98% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Lloyds Banking Group plc raised its holdings in shares of Estee Lauder Companies, Inc. (The) by 1.4% during the second quarter. Lloyds Banking Group plc now owns 1,887 shares of the company’s stock worth $181,000 after purchasing an additional 26 shares during the last quarter. Moors & Cabot Inc. grew its position in Estee Lauder Companies, Inc. (The) by 1.1% during the second quarter. Moors & Cabot Inc. now owns 3,825 shares of the company’s stock valued at $365,000 after buying an additional 40 shares during the period. Glenview Trust Co grew its position in Estee Lauder Companies, Inc. (The) by 1.5% during the second quarter. Glenview Trust Co now owns 2,744 shares of the company’s stock valued at $263,000 after buying an additional 41 shares during the period. Cadence Capital Management LLC grew its position in Estee Lauder Companies, Inc. (The) by 0.7% during the second quarter. Cadence Capital Management LLC now owns 5,662 shares of the company’s stock valued at $543,000 after buying an additional 42 shares during the period. Finally, Williams Jones & Associates LLC grew its position in Estee Lauder Companies, Inc. (The) by 0.7% during the second quarter. Williams Jones & Associates LLC now owns 6,865 shares of the company’s stock valued at $659,000 after buying an additional 45 shares during the period. 54.63% of the stock is owned by hedge funds and other institutional investors.

Shares of Estee Lauder Companies, Inc. (NYSE EL) opened at 107.93 on Monday. The company has a 50 day moving average price of $101.16 and a 200-day moving average price of $92.65. Estee Lauder Companies, Inc. has a 12 month low of $75.29 and a 12 month high of $108.18. The stock has a market cap of $39.71 billion, a P/E ratio of 32.22 and a beta of 0.67.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.34 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.26%. Estee Lauder Companies, Inc. (The)’s dividend payout ratio is presently 40.60%.

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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