The Estee Lauder Companies Inc (EL) Forecasted to Post Q1 2018 Earnings of $0.93 Per Share

The Estee Lauder Companies Inc (EL) Forecasted to Post Q1 2018 Earnings of $0.93 Per Share

Estee Lauder Companies Inc (NYSE:EL) – Investment analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for Estee Lauder Companies in a research note issued on Thursday. Jefferies Group analyst S. Wissink expects that the company will post earnings of $0.93 per share for the quarter. Jefferies Group has a “Buy” rating and a $110.00 price target on the stock. Jefferies Group also issued estimates for Estee Lauder Companies’ Q2 2018 earnings at $1.35 EPS, Q3 2018 earnings at $1.02 EPS, Q4 2018 earnings at $0.49 EPS, Q1 2019 earnings at $1.07 EPS, Q2 2019 earnings at $1.53 EPS and Q3 2019 earnings at $1.16 EPS.

A number of other analysts also recently issued reports on EL. Zacks Investment Research downgraded Estee Lauder Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Vetr raised Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $87.69 price objective for the company in a research report on Thursday, March 2nd. JPMorgan Chase & Co. assumed coverage on Estee Lauder Companies in a research report on Tuesday, March 21st. They set an “overweight” rating and a $100.00 price objective for the company. Piper Jaffray Companies raised Estee Lauder Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $81.00 to $95.00 in a research report on Thursday, March 2nd. They noted that the move was a valuation call. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Estee Lauder Companies in a research report on Saturday, April 22nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $97.81.

A number of other analysts also recently issued reports on EL. Zacks Investment Research downgraded Estee Lauder Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Vetr raised Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $87.69 price objective for the company in a research report on Thursday, March 2nd. JPMorgan Chase & Co. assumed coverage on Estee Lauder Companies in a research report on Tuesday, March 21st. They set an “overweight” rating and a $100.00 price objective for the company. Piper Jaffray Companies raised Estee Lauder Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $81.00 to $95.00 in a research report on Thursday, March 2nd. They noted that the move was a valuation call. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Estee Lauder Companies in a research report on Saturday, April 22nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $97.81. Shares of Estee Lauder Companies (NYSE:EL) opened at 96.13 on Monday. Estee Lauder Companies has a 52 week low of $75.30 and a 52 week high of $96.23. The stock’s 50 day moving average is $90.73 and its 200-day moving average is $83.63. The stock has a market capitalization of $35.36 billion, a price-to-earnings ratio of 32.22 and a beta of 0.86.

Estee Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, May 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.18. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. Estee Lauder Companies had a net margin of 9.50% and a return on equity of 32.36%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 earnings per share. Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Estee Lauder Companies by 1,454.5% in the first quarter. BlackRock Inc. now owns 13,775,036 shares of the company’s stock valued at $1,167,987,000 after buying an additional 12,888,915 shares during the last quarter. Scopus Asset Management L.P. bought a new position in shares of Estee Lauder Companies during the first quarter valued at about $122,946,000. Norges Bank bought a new position in shares of Estee Lauder Companies during the fourth quarter valued at about $87,371,000. Alliancebernstein L.P. boosted its position in shares of Estee Lauder Companies by 284.2% in the first quarter. Alliancebernstein L.P. now owns 1,535,927 shares of the company’s stock valued at $130,231,000 after buying an additional 1,136,203 shares during the last quarter. Finally, Janus Capital Management LLC boosted its position in shares of Estee Lauder Companies by 55.4% in the fourth quarter. Janus Capital Management LLC now owns 3,144,305 shares of the company’s stock valued at $240,553,000 after buying an additional 1,120,458 shares during the last quarter. Institutional investors and hedge funds own 55.53% of the company’s stock.

In other news, insider John Demsey sold 23,304 shares of Estee Lauder Companies stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $94.00, for a total value of $2,190,576.00. Following the completion of the transaction, the insider now owns 23,304 shares in the company, valued at approximately $2,190,576. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director G. Scott Paterson acquired 500,000 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was bought at an average price of $0.07 per share, with a total value of $35,000.00. Over the last ninety days, insiders acquired 930,000 shares of company stock valued at $60,800 and sold 63,364 shares valued at $5,746,193. Insiders own 16.98% of the company’s stock. The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, May 26th. Estee Lauder Companies’s dividend payout ratio is currently 46.90%.

About Estee Lauder Companies 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “EL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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