Zacks: Analysts Expect Estee Lauder Companies Inc (EL) to Announce $1.52 Earnings Per Share

Wall Street brokerages expect that Estee Lauder Companies Inc (NYSE:EL) will announce earnings per share (EPS) of $1.52 for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Estee Lauder Companies’ earnings. The lowest EPS estimate is $1.47 and the highest is $1.56. Estee Lauder Companies also reported earnings of $1.52 per share during the same quarter last year. The firm is scheduled to announce its next earnings results before the market opens on Tuesday, February 5th.

According to Zacks, analysts expect that Estee Lauder Companies will report full-year earnings of $4.83 per share for the current fiscal year, with EPS estimates ranging from $4.75 to $4.90. For the next year, analysts expect that the company will report earnings of $5.33 per share, with EPS estimates ranging from $5.14 to $5.44. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Estee Lauder Companies.

Estee Lauder Companies (NYSE:EL) last announced its earnings results on Wednesday, October 31st. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.19. The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.48 billion. Estee Lauder Companies had a net margin of 8.48% and a return on equity of 38.29%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.21 earnings per share.



Several brokerages have recently weighed in on EL. Wells Fargo & Co downgraded shares of Estee Lauder Companies from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $165.00 to $135.00 in a research note on Thursday. They noted that the move was a valuation call. Goldman Sachs Group cut shares of Estee Lauder Companies from a “neutral” rating to a “sell” rating and cut their price target for the company from $171.00 to $116.00 in a report on Tuesday, January 8th. Citigroup raised shares of Estee Lauder Companies from a “neutral” rating to a “buy” rating and upped their price target for the company from $145.00 to $155.00 in a report on Wednesday, January 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $151.00 price target on shares of Estee Lauder Companies in a report on Monday, December 31st. Finally, Jefferies Financial Group set a $131.00 price target on shares of Estee Lauder Companies and gave the company a “hold” rating in a report on Friday, December 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $149.92.

In other Estee Lauder Companies news, insider Fabrizio Freda sold 150,000 shares of the stock in a transaction on Friday, November 16th. The shares were sold at an average price of $144.25, for a total transaction of $21,637,500.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John Demsey sold 10,010 shares of the stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $143.50, for a total transaction of $1,436,435.00. Following the sale, the insider now directly owns 21,402 shares in the company, valued at $3,071,187. The disclosure for this sale can be found here. Insiders have sold 315,510 shares of company stock worth $44,856,835 over the last three months. 16.13% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in EL. Dimensional Fund Advisors LP increased its holdings in shares of Estee Lauder Companies by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 503,702 shares of the company’s stock worth $71,873,000 after acquiring an additional 5,971 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Estee Lauder Companies by 11.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 3,875 shares of the company’s stock worth $553,000 after acquiring an additional 390 shares during the period. Voya Investment Management LLC increased its holdings in shares of Estee Lauder Companies by 2.4% in the 2nd quarter. Voya Investment Management LLC now owns 83,225 shares of the company’s stock worth $11,875,000 after acquiring an additional 1,981 shares during the period. Morgan Stanley increased its holdings in shares of Estee Lauder Companies by 1.6% in the 2nd quarter. Morgan Stanley now owns 1,341,812 shares of the company’s stock worth $191,463,000 after acquiring an additional 21,595 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Estee Lauder Companies in the 2nd quarter worth about $8,244,000. 54.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of EL stock opened at $125.94 on Monday. The firm has a market capitalization of $46.38 billion, a PE ratio of 27.92, a PEG ratio of 2.21 and a beta of 0.71. The company has a quick ratio of 1.28, a current ratio of 1.75 and a debt-to-equity ratio of 0.76. Estee Lauder Companies has a twelve month low of $121.47 and a twelve month high of $158.80.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 17th. Shareholders of record on Friday, November 30th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.37%. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, November 29th. Estee Lauder Companies’s dividend payout ratio is 38.14%.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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

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