The Estée Lauder Companies Inc. Forecasted to Post Q3 2022 Earnings of $1.65 Per Share (NYSE:EL)

The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) – Investment analysts at Oppenheimer lifted their Q3 2022 earnings estimates for shares of Estée Lauder Companies in a report issued on Tuesday, April 26th. Oppenheimer analyst R. Parikh now expects that the company will post earnings per share of $1.65 for the quarter, up from their prior forecast of $1.29. Oppenheimer has a “Outperform” rating and a $300.00 price objective on the stock. Oppenheimer also issued estimates for Estée Lauder Companies’ FY2022 earnings at $7.25 EPS.

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

A number of other research analysts also recently issued reports on EL. Morgan Stanley cut their price target on Estée Lauder Companies from $365.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday, February 4th. Deutsche Bank Aktiengesellschaft lowered their price objective on Estée Lauder Companies from $334.00 to $289.00 in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective on Estée Lauder Companies from $338.00 to $317.00 and set an “overweight” rating for the company in a research report on Wednesday, March 30th. Citigroup raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $355.00 to $374.00 in a research report on Friday, February 4th. Finally, Stifel Nicolaus lowered their price target on Estée Lauder Companies from $355.00 to $335.00 and set a “buy” rating for the company in a research report on Tuesday, April 5th. Five research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Estée Lauder Companies currently has an average rating of “Buy” and an average target price of $352.10.

Shares of NYSE:EL opened at $259.64 on Thursday. Estée Lauder Companies has a 12-month low of $248.42 and a 12-month high of $374.20. The business’s fifty day simple moving average is $275.33 and its 200-day simple moving average is $313.92. The company has a market capitalization of $93.12 billion, a PE ratio of 29.34, a P/E/G ratio of 3.29 and a beta of 1.08. The company has a current ratio of 1.73, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84.

Institutional investors have recently modified their holdings of the company. Bell Investment Advisors Inc acquired a new position in Estée Lauder Companies in the third quarter valued at approximately $25,000. Rise Advisors LLC acquired a new position in Estée Lauder Companies during the fourth quarter worth $25,000. American National Bank lifted its stake in Estée Lauder Companies by 147.6% during the first quarter. American National Bank now owns 104 shares of the company’s stock worth $28,000 after purchasing an additional 62 shares in the last quarter. Icapital Wealth LLC acquired a new position in Estée Lauder Companies during the first quarter worth $29,000. Finally, Mizuho Securities Co. Ltd. lifted its stake in Estée Lauder Companies by 405.0% during the third quarter. Mizuho Securities Co. Ltd. now owns 101 shares of the company’s stock worth $30,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 56.54% of the company’s stock.

In other Estée Lauder Companies news, insider John Demsey sold 23,248 shares of the business’s stock in a transaction that occurred on Friday, February 4th. The stock was sold at an average price of $314.10, for a total transaction of $7,302,196.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Carl P. Haney sold 1,152 shares of the business’s stock in a transaction that occurred on Tuesday, February 15th. The stock was 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. In the last 90 days, insiders sold 50,816 shares of company stock valued at $15,940,998. 13.95% of the stock is owned by company insiders.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Monday, February 28th were paid a $0.60 dividend. The ex-dividend date was Friday, February 25th. This represents a $2.40 annualized dividend and a dividend yield of 0.92%. Estée Lauder Companies’s dividend payout ratio is presently 27.12%.

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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