Estee Lauder Companies Inc (EL) Expected to Post Q4 2018 Earnings of $0.57 Per Share

Estee Lauder Companies Inc (NYSE:EL) – Investment analysts at Jefferies Group raised their Q4 2018 earnings per share (EPS) estimates for shares of Estee Lauder Companies in a research report issued to clients and investors on Wednesday. Jefferies Group analyst S. Wissink now anticipates that the company will post earnings per share of $0.57 for the quarter, up from their previous estimate of $0.54. Jefferies Group currently has a “Buy” rating and a $148.00 price target on the stock. Jefferies Group also issued estimates for Estee Lauder Companies’ Q1 2019 earnings at $1.32 EPS, Q2 2019 earnings at $1.66 EPS, Q4 2019 earnings at $0.67 EPS, FY2019 earnings at $4.85 EPS, Q1 2020 earnings at $1.53 EPS, Q2 2020 earnings at $1.90 EPS and FY2020 earnings at $5.61 EPS.

Several other brokerages have also recently weighed in on EL. Zacks Investment Research upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a report on Tuesday, January 9th. Wells Fargo & Co raised their target price on shares of Estee Lauder Companies from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. Deutsche Bank started coverage on shares of Estee Lauder Companies in a research note on Wednesday, December 13th. They issued a “hold” rating and a $134.00 target price for the company. Macquarie raised their target price on shares of Estee Lauder Companies from $1.45 to $1.50 and gave the company an “outperform” rating in a research note on Thursday, December 21st. Finally, Argus raised their target price on shares of Estee Lauder Companies from $125.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $117.67.

Shares of Estee Lauder Companies (NYSE:EL) traded up $3.47 during midday trading on Thursday, hitting $134.45. The stock had a trading volume of 1,374,976 shares, compared to its average volume of 1,475,231. The company has a market cap of $49,510.00, a PE ratio of 36.34, a price-to-earnings-growth ratio of 2.54 and a beta of 0.71. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.75 and a quick ratio of 1.27. Estee Lauder Companies has a 12 month low of $78.71 and a 12 month high of $134.46.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.24. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Estee Lauder Companies had a return on equity of 33.64% and a net margin of 11.30%. Estee Lauder Companies’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 EPS.

In other Estee Lauder Companies news, VP Sara E. Moss sold 4,236 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $121.62, for a total transaction of $515,182.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard F. Zannino sold 23,312 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $119.23, for a total transaction of $2,779,489.76. Following the sale, the director now owns 14,000 shares of the company’s stock, valued at $1,669,220. The disclosure for this sale can be found here. Insiders have sold 1,566,381 shares of company stock valued at $195,955,337 over the last 90 days. Company insiders own 16.24% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Acrospire Investment Management LLC raised its position in shares of Estee Lauder Companies by 2,291.7% in the second quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock valued at $110,000 after buying an additional 1,100 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Estee Lauder Companies by 126.1% in the third quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock valued at $123,000 after buying an additional 633 shares in the last quarter. Winslow Evans & Crocker Inc. raised its position in shares of Estee Lauder Companies by 2,750.0% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,140 shares of the company’s stock valued at $145,000 after buying an additional 1,100 shares in the last quarter. Sun Life Financial INC raised its position in shares of Estee Lauder Companies by 16,290.0% in the second quarter. Sun Life Financial INC now owns 1,639 shares of the company’s stock valued at $157,000 after buying an additional 1,629 shares in the last quarter. Finally, Zions Bancorporation raised its position in shares of Estee Lauder Companies by 2,781.3% in the third quarter. Zions Bancorporation now owns 1,844 shares of the company’s stock valued at $198,000 after buying an additional 1,780 shares in the last quarter. Hedge funds and other institutional investors own 53.65% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this piece of content can be accessed at https://ledgergazette.com/2018/01/19/estee-lauder-companies-inc-el-expected-to-post-q4-2018-earnings-of-0-57-per-share.html.

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.

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

Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply