Estee Lauder Companies, Inc. (The) (EL) Issues FY18 Earnings Guidance

Estee Lauder Companies, Inc. (The) (NYSE:EL) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $3.88-3.96 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.98. The company issued revenue guidance of $13.08-13.13 billion, compared to the consensus revenue estimate of $12.87 billion.Estee Lauder Companies, Inc. (The) also updated its Q2 guidance to $1.31-1.34 EPS.

Several brokerages have commented on EL. Telsey Advisory Group boosted their target price on shares of Estee Lauder Companies, Inc. (The) from $125.00 to $135.00 and gave the stock an outperform rating in a research report on Thursday. Argus lifted their price target on Estee Lauder Companies, Inc. (The) from $125.00 to $142.00 and gave the stock a buy rating in a research note on Thursday. KeyCorp reaffirmed an overweight rating and set a $135.00 price target (up previously from $115.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Thursday. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and set a $110.00 price target (up previously from $100.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Thursday, August 10th. Finally, DA Davidson reaffirmed a hold rating and set a $125.00 price target on shares of Estee Lauder Companies, Inc. (The) in a research note on Thursday. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $116.62.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.38 dividend. This is an increase from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. This represents a $1.52 annualized dividend and a yield of Infinity. The ex-dividend date is Wednesday, November 29th. Estee Lauder Companies, Inc. (The)’s dividend payout ratio is currently 36.76%.

In other news, Director Irvine O. Hockaday, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $105.41, for a total transaction of $210,820.00. Following the completion of the sale, the director now directly owns 26,240 shares of the company’s stock, valued at approximately $2,765,958.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sara E. Moss sold 14,552 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $100.22, for a total value of $1,458,401.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 616,230 shares of company stock valued at $65,886,543. Company insiders own 16.24% of the company’s stock.

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About Estee Lauder Companies, Inc. (The)

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, Inc. (The) (NYSE:EL)

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