Erste Group Bank Reduces Earnings Estimates for L’Oreal

L’Oreal SA (OTCMKTS:LRLCY) – Erste Group Bank reduced their FY2027 earnings per share estimates for L’Oreal in a research note issued on Tuesday, September 8th. Erste Group Bank analyst S. Lingnau now expects that the company will post earnings per share of $3.47 for the year, down from their prior forecast of $3.48. The consensus estimate for L’Oreal’s current full-year earnings is $3.18 per share.

Several other equities research analysts have also recently commented on LRLCY. Deutsche Bank Aktiengesellschaft cut shares of L’Oreal from a “hold” rating to a “sell” rating in a research report on Monday, June 22nd. Argus set a $100.00 price target on shares of L’Oreal in a research report on Tuesday, August 18th. BNP Paribas Exane raised shares of L’Oreal from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 2nd. Citigroup upgraded shares of L’Oreal from a “neutral” rating to a “buy” rating in a report on Thursday, June 25th. Finally, Jefferies Financial Group raised L’Oreal from an “underperform” rating to a “hold” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $100.00.

L’Oreal Trading Down 1.1%

OTCMKTS:LRLCY opened at $87.89 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.15 and a debt-to-equity ratio of 0.23. The firm’s fifty day simple moving average is $88.15 and its 200 day simple moving average is $86.32. L’Oreal has a twelve month low of $78.82 and a twelve month high of $95.48.

About L’Oreal

L’Oréal SA is a French beauty and cosmetics company that develops, manufactures and markets products for hair care, hair color, skin care, makeup and fragrances. Its portfolio serves consumers, beauty professionals and dermatology-focused customers through brands spanning mass-market, premium, professional and medical beauty categories.

The company’s business is organized around four principal divisions: Consumer Products, L’Oréal Luxe, Professional Products and Dermatological Beauty. Its brands include L’Oréal Paris, Maybelline New York, Garnier, Lancôme, Yves Saint Laurent Beauté, Kérastase, Redken, La Roche-Posay, CeraVe and SkinCeuticals, among others.

Founded in 1909 by chemist Eugène Schueller, L’Oréal has grown into an international company serving markets across Europe, North America, Latin America, Africa, the Middle East and Asia-Pacific.