Estee Lauder Companies Inc (NYSE:EL) – Analysts at Oppenheimer raised their FY2018 earnings per share estimates for Estee Lauder Companies in a research report issued on Friday. Oppenheimer analyst R. Parikh now expects that the company will earn $4.31 per share for the year, up from their prior forecast of $4.25. Oppenheimer has a “Outperform” rating and a $148.00 price objective on the stock.
Estee Lauder Companies (NYSE:EL) last posted its earnings results on Friday, February 2nd. The company reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.08. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.68 billion. Estee Lauder Companies had a net margin of 8.43% and a return on equity of 34.86%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.22 EPS.
Estee Lauder Companies (NYSE:EL) traded down $2.57 during trading hours on Monday, hitting $134.65. 898,165 shares of the company traded hands, compared to its average volume of 1,700,465. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.76 and a quick ratio of 1.33. The firm has a market cap of $49,454.09, a price-to-earnings ratio of 47.66, a price-to-earnings-growth ratio of 2.46 and a beta of 0.74. Estee Lauder Companies has a 1-year low of $81.69 and a 1-year high of $138.74.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust increased its holdings in Estee Lauder Companies by 126.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock worth $123,000 after acquiring an additional 633 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Estee Lauder Companies during the 4th quarter valued at about $126,000. Cerebellum GP LLC bought a new stake in shares of Estee Lauder Companies during the 4th quarter valued at about $130,000. Winslow Evans & Crocker Inc. boosted its position in shares of Estee Lauder Companies by 2,750.0% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,140 shares of the company’s stock valued at $145,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Zions Bancorporation boosted its position in shares of Estee Lauder Companies by 2,781.3% during the 3rd quarter. Zions Bancorporation now owns 1,844 shares of the company’s stock valued at $198,000 after acquiring an additional 1,780 shares during the last quarter. 54.40% of the stock is owned by institutional investors.
In related news, insider John Demsey sold 11,179 shares of Estee Lauder Companies stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $136.54, for a total value of $1,526,380.66. Following the completion of the sale, the insider now owns 23,898 shares of the company’s stock, valued at approximately $3,263,032.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider 1992 Grat Remainder Trust Fbo sold 570,000 shares of Estee Lauder Companies stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $125.53, for a total value of $71,552,100.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,381,341 shares of company stock valued at $173,874,552. Insiders own 16.24% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Tuesday, February 27th. Estee Lauder Companies’s dividend payout ratio is presently 52.78%.
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.
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