DA Davidson Research Analysts Lift Earnings Estimates for Estee Lauder Companies, Inc. (The) (EL)

Estee Lauder Companies, Inc. (The) (NYSE:EL) – Research analysts at DA Davidson increased their Q2 2018 earnings per share (EPS) estimates for shares of Estee Lauder Companies, Inc. (The) in a research report issued to clients and investors on Thursday. DA Davidson analyst L. Weiser now forecasts that the company will post earnings of $1.46 per share for the quarter, up from their prior estimate of $1.37. DA Davidson currently has a “Hold” rating and a $125.00 price target on the stock. DA Davidson also issued estimates for Estee Lauder Companies, Inc. (The)’s Q3 2018 earnings at $1.00 EPS, Q4 2018 earnings at $0.55 EPS, FY2018 earnings at $4.22 EPS, Q1 2019 earnings at $1.26 EPS, Q2 2019 earnings at $1.63 EPS, Q3 2019 earnings at $1.12 EPS, Q4 2019 earnings at $0.64 EPS and FY2019 earnings at $4.65 EPS.

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

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A number of other research firms have also recently weighed in on EL. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $110.00 price objective (up previously from $100.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Thursday, August 10th. BMO Capital Markets increased their price objective on shares of Estee Lauder Companies, Inc. (The) from $107.00 to $126.00 and gave the stock a “market perform” rating in a research report on Thursday. BidaskClub raised shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Bank of America Corporation increased their price objective on shares of Estee Lauder Companies, Inc. (The) from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Finally, Royal Bank Of Canada set a $115.00 price objective on shares of Estee Lauder Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Monday, August 21st. Seven analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $117.42.

Estee Lauder Companies, Inc. (NYSE EL) traded down $0.70 during trading on Monday, hitting $121.01. 335,069 shares of the stock traded hands, compared to its average volume of 2,015,199. Estee Lauder Companies, Inc. has a twelve month low of $75.29 and a twelve month high of $124.80. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 1.75. The stock has a market cap of $44,783.80, a PE ratio of 31.61, a price-to-earnings-growth ratio of 2.38 and a beta of 0.68.

Several institutional investors and hedge funds have recently made changes to their positions in EL. Jennison Associates LLC acquired a new stake in shares of Estee Lauder Companies, Inc. (The) in the 3rd quarter valued at $664,432,000. Janus Henderson Group PLC raised its holdings in shares of Estee Lauder Companies, Inc. (The) by 1,676.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock valued at $450,675,000 after purchasing an additional 4,431,247 shares in the last quarter. First Eagle Investment Management LLC purchased a new position in shares of Estee Lauder Companies, Inc. (The) in the 2nd quarter valued at $186,061,000. Northern Trust Corp grew its position in shares of Estee Lauder Companies, Inc. (The) by 41.1% in the 2nd quarter. Northern Trust Corp now owns 3,732,174 shares of the company’s stock valued at $358,214,000 after buying an additional 1,086,562 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of Estee Lauder Companies, Inc. (The) by 7.4% in the 2nd quarter. BlackRock Inc. now owns 14,797,992 shares of the company’s stock valued at $1,420,311,000 after buying an additional 1,022,956 shares during the last quarter. Institutional investors and hedge funds own 54.99% of the company’s stock.

In other news, insider Fabrizio Freda sold 300,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $105.77, for a total value of $31,731,000.00. Following the sale, the insider now directly owns 373,174 shares in the company, valued at approximately $39,470,613.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Irvine O. Hockaday, Jr. sold 2,000 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were 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 owns 26,240 shares in the company, valued at $2,765,958.40. The disclosure for this sale can be found here. Insiders sold a total of 624,990 shares of company stock worth $67,207,632 over the last 90 days. Company insiders own 16.24% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.26%. This is a positive change from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, November 29th. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 36.76%.

Estee Lauder Companies, Inc. (The) 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, Inc. (The) (NYSE:EL)

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