Brokerages predict that The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) will report sales of $4.29 billion for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Estée Lauder Companies’ earnings. The lowest sales estimate is $4.01 billion and the highest is $4.40 billion. Estée Lauder Companies posted sales of $3.86 billion in the same quarter last year, which suggests a positive year over year growth rate of 11.1%. The company is expected to issue its next quarterly earnings results before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Estée Lauder Companies will report full year sales of $18.61 billion for the current fiscal year, with estimates ranging from $17.88 billion to $18.97 billion. For the next financial year, analysts anticipate that the business will post sales of $20.20 billion, with estimates ranging from $19.16 billion to $20.78 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Estée Lauder Companies.
Estée Lauder Companies (NYSE:EL – Get Rating) last issued its earnings results on Thursday, February 3rd. The company reported $3.01 EPS for the quarter, beating the consensus estimate of $2.63 by $0.38. The business had revenue of $5.54 billion for the quarter, compared to the consensus estimate of $5.49 billion. Estée Lauder Companies had a return on equity of 44.71% and a net margin of 18.35%. The company’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the business posted $2.61 EPS.
Shares of NYSE EL traded up $4.40 during midday trading on Friday, hitting $266.68. 62,498 shares of the stock traded hands, compared to its average volume of 1,621,370. The firm has a 50-day moving average of $284.87 and a two-hundred day moving average of $317.34. The firm has a market capitalization of $95.65 billion, a P/E ratio of 29.68, a PEG ratio of 3.22 and a beta of 1.08. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 1.73. Estée Lauder Companies has a one year low of $248.42 and a one year high of $374.20.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Monday, February 28th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, February 25th. Estée Lauder Companies’s payout ratio is 27.12%.
In related news, EVP Carl P. Haney sold 1,152 shares of the company’s stock in a transaction dated Tuesday, February 15th. The shares were sold at an average price of $307.94, for a total transaction of $354,746.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael O’hare sold 16,389 shares of the company’s stock in a transaction dated Friday, February 4th. The stock was sold at an average price of $309.88, for a total transaction of $5,078,623.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,816 shares of company stock worth $15,940,998. 12.91% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in EL. Dixon Hubard Feinour & Brown Inc. VA grew its stake in shares of Estée Lauder Companies by 2.3% in the 4th quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 32,617 shares of the company’s stock valued at $12,075,000 after buying an additional 730 shares during the period. Jupiter Asset Management Ltd. grew its stake in shares of Estée Lauder Companies by 75.0% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 24,081 shares of the company’s stock valued at $7,220,000 after buying an additional 10,317 shares during the period. Stock Yards Bank & Trust Co. grew its stake in shares of Estée Lauder Companies by 5.9% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 11,579 shares of the company’s stock valued at $4,287,000 after buying an additional 650 shares during the period. Park National Corp OH grew its stake in shares of Estée Lauder Companies by 14.6% in the 4th quarter. Park National Corp OH now owns 32,844 shares of the company’s stock valued at $12,159,000 after buying an additional 4,179 shares during the period. Finally, Point72 Europe London LLP purchased a new stake in shares of Estée Lauder Companies in the 3rd quarter valued at approximately $2,173,000. Institutional investors own 56.54% of the company’s stock.
Estée Lauder Companies Company Profile (Get Rating)
The EstÃ©e 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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