Estee Lauder Companies Inc (EL) to Post Q4 2019 Earnings of $0.35 Per Share, Jefferies Financial Group Forecasts
Estee Lauder Companies Inc (NYSE:EL) – Equities research analysts at Jefferies Financial Group reduced their Q4 2019 EPS estimates for shares of Estee Lauder Companies in a research report issued on Tuesday, February 5th. Jefferies Financial Group analyst S. Wissink now anticipates that the company will post earnings of $0.35 per share for the quarter, down from their prior estimate of $0.64. Jefferies Financial Group has a “Hold” rating and a $131.00 price objective on the stock. Jefferies Financial Group also issued estimates for Estee Lauder Companies’ Q2 2020 earnings at $1.88 EPS and Q3 2020 earnings at $1.40 EPS.
Several other equities analysts have also recently issued reports on the company. BMO Capital Markets raised their price objective on Estee Lauder Companies from $140.00 to $155.00 and gave the stock a “market perform” rating in a research note on Wednesday. Zacks Investment Research upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $153.00 price objective on the stock in a research note on Wednesday. Credit Suisse Group raised their price objective on Estee Lauder Companies from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday. Deutsche Bank raised their price objective on Estee Lauder Companies to $167.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Berenberg Bank cut Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $150.00 price objective on the stock. in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $153.45.
Estee Lauder Companies (NYSE:EL) last released its earnings results on Tuesday, February 5th. The company reported $1.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.20. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Estee Lauder Companies had a return on equity of 40.38% and a net margin of 11.49%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 EPS.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, February 27th. Estee Lauder Companies’s dividend payout ratio is presently 38.14%.
In other Estee Lauder Companies news, CEO Fabrizio Freda sold 98,262 shares of the stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $152.20, for a total value of $14,955,476.40. Following the sale, the chief executive officer now directly owns 171,436 shares of the company’s stock, valued at $26,092,559.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Carl P. Haney sold 12,898 shares of the stock in a transaction on Monday, November 12th. The stock was sold at an average price of $141.38, for a total value of $1,823,519.24. The disclosure for this sale can be found here. Insiders sold 471,866 shares of company stock worth $68,862,759 over the last ninety days. 16.13% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Highwater Wealth Management LLC acquired a new position in shares of Estee Lauder Companies during the fourth quarter valued at $89,000. BTIM Corp. increased its holdings in shares of Estee Lauder Companies by 2.0% during the fourth quarter. BTIM Corp. now owns 227,781 shares of the company’s stock valued at $29,635,000 after purchasing an additional 4,500 shares during the period. OLD National Bancorp IN increased its holdings in shares of Estee Lauder Companies by 2.4% during the third quarter. OLD National Bancorp IN now owns 47,510 shares of the company’s stock valued at $6,904,000 after purchasing an additional 1,128 shares during the period. Boston Advisors LLC increased its holdings in shares of Estee Lauder Companies by 2.0% during the fourth quarter. Boston Advisors LLC now owns 9,876 shares of the company’s stock valued at $1,285,000 after purchasing an additional 190 shares during the period. Finally, Bath Savings Trust Co increased its holdings in shares of Estee Lauder Companies by 14.1% during the fourth quarter. Bath Savings Trust Co now owns 34,459 shares of the company’s stock valued at $4,483,000 after purchasing an additional 4,247 shares during the period. 54.38% of the stock is currently owned by hedge funds and other institutional investors.
Estee Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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