Somewhat Favorable News Coverage Somewhat Unlikely to Impact Estee Lauder Companies (EL) Stock Price
News coverage about Estee Lauder Companies (NYSE:EL) has trended somewhat positive recently, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Estee Lauder Companies earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.5449036849923 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s rankings:
- 5 Consumer Stocks That Gained More Than 50% in 2017 – Nasdaq (nasdaq.com)
- Investor’s Alert (Technicals Data Analysis): The Estee Lauder Companies Inc (NYSE: EL) – Alpha Beta Stock (alphabetastock.com)
- ETFs with exposure to Estee Lauder Cos., Inc. : December 18, 2017 (finance.yahoo.com)
- The Estee Lauder Companies Inc. (EL) – Investors Roundup – Wall Street Morning (wallstreetmorning.com)
- Ahead Momentum: The Estee Lauder Companies Inc. (EL), Community Health Systems, Inc. (CYH) – Market Movers (financialqz.com)
A number of brokerages have issued reports on EL. DA Davidson began coverage on shares of Estee Lauder Companies in a report on Wednesday, September 27th. They set a “neutral” rating and a $115.00 target price on the stock. Citigroup boosted their target price on shares of Estee Lauder Companies from $111.00 to $128.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Argus boosted their target price on shares of Estee Lauder Companies from $125.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. BMO Capital Markets boosted their target price on shares of Estee Lauder Companies from $107.00 to $126.00 and gave the company a “market perform” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of Estee Lauder Companies from a “hold” rating to a “strong-buy” rating and set a $122.00 price target for the company in a research report on Tuesday, August 22nd. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $118.74.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $0.97 by $0.24. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.16 billion. Estee Lauder Companies had a net margin of 11.30% and a return on equity of 33.64%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 earnings per share. equities research analysts expect that Estee Lauder Companies will post 4.16 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were paid a $0.38 dividend. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.34. This represents a $1.52 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Wednesday, November 29th. Estee Lauder Companies’s dividend payout ratio is presently 41.08%.
In other news, EVP Carl P. Haney sold 6,941 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $123.19, for a total transaction of $855,061.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider 1992 Grat Remainder Trust Fbo sold 571,351 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $125.44, for a total transaction of $71,670,269.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,526,646 shares of company stock valued at $190,321,370. 16.24% of the stock is owned by insiders.
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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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