Wall Street analysts predict that The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) will post sales of $3.48 billion for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Estée Lauder Companies’ earnings. The highest sales estimate is $3.63 billion and the lowest is $3.26 billion. Estée Lauder Companies posted sales of $3.94 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 11.7%. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Estée Lauder Companies will report full year sales of $17.66 billion for the current financial year, with estimates ranging from $17.44 billion to $17.81 billion. For the next fiscal year, analysts forecast that the company will post sales of $19.11 billion, with estimates ranging from $18.44 billion to $19.87 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Estée Lauder Companies.
Estée Lauder Companies (NYSE:EL – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.23. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.32 billion. Estée Lauder Companies had a net margin of 18.53% and a return on equity of 45.06%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.62 earnings per share.
NYSE EL traded up $0.05 during trading on Friday, hitting $232.11. The stock had a trading volume of 1,349,678 shares, compared to its average volume of 1,684,808. The company has a market capitalization of $82.94 billion, a PE ratio of 25.39, a P/E/G ratio of 3.05 and a beta of 1.04. The company’s 50-day moving average price is $259.89 and its two-hundred day moving average price is $302.90. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.23 and a current ratio of 1.75. Estée Lauder Companies has a 12 month low of $225.39 and a 12 month high of $374.20.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Friday, May 27th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 26.26%.
In other news, Director Charlene Barshefsky sold 1,158 shares of the stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $238.34, for a total transaction of $275,997.72. Following the sale, the director now directly owns 46,828 shares of the company’s stock, valued at approximately $11,160,985.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 13.95% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in Estée Lauder Companies during the fourth quarter worth about $858,734,000. BlackRock Inc. lifted its position in Estée Lauder Companies by 13.1% in the fourth quarter. BlackRock Inc. now owns 16,953,258 shares of the company’s stock valued at $6,276,099,000 after purchasing an additional 1,969,898 shares during the last quarter. Morgan Stanley raised its holdings in shares of Estée Lauder Companies by 100.7% during the second quarter. Morgan Stanley now owns 3,778,605 shares of the company’s stock valued at $1,201,900,000 after acquiring an additional 1,895,658 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in shares of Estée Lauder Companies by 238.8% during the fourth quarter. 1832 Asset Management L.P. now owns 1,200,727 shares of the company’s stock valued at $445,780,000 after acquiring an additional 846,290 shares in the last quarter. Finally, Brown Advisory Inc. grew its stake in Estée Lauder Companies by 26.5% in the fourth quarter. Brown Advisory Inc. now owns 3,241,559 shares of the company’s stock worth $1,200,024,000 after purchasing an additional 678,097 shares during the period. 58.85% of the stock is currently owned by institutional investors.
Estée Lauder Companies Company Profile (Get Rating)
The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
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