Estee Lauder Companies Inc (NYSE:EL) – Stock analysts at Oppenheimer boosted their Q3 2019 earnings per share (EPS) estimates for shares of Estee Lauder Companies in a research report issued on Tuesday, February 5th. Oppenheimer analyst R. Parikh now forecasts that the company will post earnings of $1.27 per share for the quarter, up from their previous forecast of $1.25. Oppenheimer also issued estimates for Estee Lauder Companies’ FY2019 earnings at $4.96 EPS and FY2020 earnings at $5.46 EPS.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Tuesday, February 5th. The company reported $1.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.20. Estee Lauder Companies had a return on equity of 40.38% and a net margin of 11.49%. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the firm earned $1.52 earnings per share. Estee Lauder Companies’s revenue was up 7.0% on a year-over-year basis.

EL has been the subject of several other research reports. Wells Fargo & Co cut their price objective on Estee Lauder Companies from $168.00 to $165.00 and set an “outperform” rating for the company in a report on Wednesday, October 17th. JPMorgan Chase & Co. lowered Estee Lauder Companies from an “overweight” rating to a “neutral” rating and set a $138.00 price objective for the company. in a report on Friday, October 12th. Telsey Advisory Group boosted their target price on Estee Lauder Companies from $170.00 to $179.00 and gave the stock an “outperform” rating in a research report on Wednesday. Citigroup upgraded Estee Lauder Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $145.00 to $155.00 in a research report on Wednesday, January 2nd. Finally, Goldman Sachs Group downgraded Estee Lauder Companies from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $171.00 to $116.00 in a research report on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the stock. Estee Lauder Companies currently has a consensus rating of “Buy” and a consensus price target of $153.45.

Shares of NYSE EL opened at $154.71 on Thursday. Estee Lauder Companies has a 12 month low of $121.47 and a 12 month high of $158.80. The company has a quick ratio of 1.28, a current ratio of 1.71 and a debt-to-equity ratio of 0.78. The stock has a market cap of $55.27 billion, a PE ratio of 34.30, a price-to-earnings-growth ratio of 2.47 and a beta of 0.65.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 28th will be given a $0.43 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $1.72 dividend on an annualized basis and a yield of 1.11%. Estee Lauder Companies’s payout ratio is 38.14%.

In other Estee Lauder Companies news, VP Sara E. Moss sold 22,788 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $150.10, for a total value of $3,420,478.80. Following the completion of the sale, the vice president now owns 6,697 shares in the company, valued at $1,005,219.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Fabrizio Freda sold 98,262 shares of the business’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $152.20, for a total value of $14,955,476.40. Following the completion of the sale, the chief executive officer now owns 171,436 shares of the company’s stock, valued at approximately $26,092,559.20. The disclosure for this sale can be found here. Insiders sold a total of 471,866 shares of company stock valued at $68,862,759 in the last 90 days. 16.13% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Highwater Wealth Management LLC bought a new stake in Estee Lauder Companies in the fourth quarter valued at approximately $89,000. BTIM Corp. increased its stake 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 buying an additional 4,500 shares during the period. OLD National Bancorp IN increased its stake 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 buying an additional 1,128 shares during the period. Boston Advisors LLC increased its stake 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 buying an additional 190 shares during the period. Finally, Bath Savings Trust Co increased its stake 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 buying an additional 4,247 shares during the period. Hedge funds and other institutional investors own 54.38% of the company’s stock.

About Estee Lauder Companies

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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Earnings History and Estimates for Estee Lauder Companies (NYSE:EL)

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