Q4 2022 EPS Estimates for The Estée Lauder Companies Inc. (NYSE:EL) Reduced by Analyst

The Estée Lauder Companies Inc. (NYSE:ELGet Rating) – Equities researchers at Oppenheimer decreased their Q4 2022 EPS estimates for Estée Lauder Companies in a research report issued to clients and investors on Tuesday, April 26th. Oppenheimer analyst R. Parikh now expects that the company will earn $0.70 per share for the quarter, down from their previous estimate of $0.75. Oppenheimer has a “Outperform” rating and a $300.00 price target on the stock.

Estée Lauder Companies (NYSE:ELGet Rating) last announced its earnings results on Thursday, February 3rd. The company reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.38. The business had revenue of $5.54 billion during the quarter, compared to analysts’ expectations of $5.49 billion. Estée Lauder Companies had a net margin of 18.35% and a return on equity of 44.71%. The business’s revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.61 earnings per share.

Several other equities analysts also recently issued reports on EL. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Estée Lauder Companies from $334.00 to $289.00 in a research note on Wednesday. UBS Group lowered their price target on shares of Estée Lauder Companies from $352.00 to $326.00 and set a “neutral” rating for the company in a report on Friday, February 4th. Bank of America decreased their price objective on shares of Estée Lauder Companies from $375.00 to $330.00 and set a “neutral” rating for the company in a report on Friday, February 4th. Edward Jones raised shares of Estée Lauder Companies from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Barclays decreased their price target on shares of Estée Lauder Companies from $360.00 to $342.00 and set an “overweight” rating for the company in a report on Monday, February 7th. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $352.10.

EL stock opened at $254.77 on Wednesday. The company’s 50 day simple moving average is $276.23 and its 200-day simple moving average is $314.30. The firm has a market capitalization of $91.38 billion, a PE ratio of 28.79, a P/E/G ratio of 3.29 and a beta of 1.08. Estée Lauder Companies has a 12 month low of $248.42 and a 12 month high of $374.20. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.73 and a quick ratio of 1.27.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Monday, February 28th were given a $0.60 dividend. The ex-dividend date was Friday, February 25th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.94%. Estée Lauder Companies’s payout ratio is presently 27.12%.

In related news, insider John Demsey sold 23,248 shares of the stock in a transaction on Friday, February 4th. The stock was sold at an average price of $314.10, for a total value of $7,302,196.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Carl P. Haney sold 1,152 shares of the firm’s stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $307.94, for a total value of $354,746.88. The disclosure for this sale can be found here. Insiders have sold 50,816 shares of company stock valued at $15,940,998 in the last ninety days. 13.95% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Bell Investment Advisors Inc bought a new stake in shares of Estée Lauder Companies during the third quarter valued at approximately $25,000. Rise Advisors LLC bought a new stake in shares of Estée Lauder Companies in the 4th quarter valued at approximately $25,000. American National Bank raised its holdings in shares of Estée Lauder Companies by 147.6% in the first quarter. American National Bank now owns 104 shares of the company’s stock worth $28,000 after buying an additional 62 shares during the period. Icapital Wealth LLC purchased a new position in Estée Lauder Companies during the 1st quarter worth $29,000. Finally, Mizuho Securities Co. Ltd. increased its holdings in Estée Lauder Companies by 405.0% during the 3rd quarter. Mizuho Securities Co. Ltd. now owns 101 shares of the company’s stock worth $30,000 after purchasing an additional 81 shares during the period. Institutional investors own 56.54% of the company’s stock.

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

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