Telsey Advisory Group Brokers Decrease Earnings Estimates for The Estée Lauder Companies Inc. (NYSE:EL)

The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) – Equities research analysts at Telsey Advisory Group lowered their Q4 2022 earnings per share estimates for Estée Lauder Companies in a report released on Wednesday, May 4th. Telsey Advisory Group analyst D. Telsey now anticipates that the company will earn $0.38 per share for the quarter, down from their prior estimate of $1.04. Telsey Advisory Group also issued estimates for Estée Lauder Companies’ Q2 2023 earnings at $3.29 EPS and Q4 2023 earnings at $1.42 EPS.

Estée Lauder Companies (NYSE:EL – Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.23. Estée Lauder Companies had a return on equity of 45.06% and a net margin of 18.53%. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the prior year, the business posted $1.62 EPS. Estée Lauder Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year.

Other research analysts have also issued research reports about the company. UBS Group cut their price objective on Estée Lauder Companies from $352.00 to $326.00 and set a “neutral” rating for the company in a research report on Friday, February 4th. Barclays cut their price objective on Estée Lauder Companies from $360.00 to $342.00 and set an “overweight” rating for the company in a research report on Monday, February 7th. Oppenheimer cut their price objective on Estée Lauder Companies from $350.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, March 16th. Raymond James dropped their price target on Estée Lauder Companies from $345.00 to $320.00 in a research report on Wednesday. Finally, Bank of America dropped their price target on Estée Lauder Companies from $375.00 to $330.00 and set a “neutral” rating for the company in a research report on Friday, February 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $335.95.

Shares of Estée Lauder Companies stock opened at $237.06 on Friday. The firm has a market cap of $85.03 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 2.97 and a beta of 1.04. The business has a 50-day moving average price of $270.45 and a 200-day moving average price of $311.48. The company has a quick ratio of 1.27, a current ratio of 1.75 and a debt-to-equity ratio of 0.84. Estée Lauder Companies has a twelve month low of $227.49 and a twelve month high of $374.20.

Large investors have recently modified their holdings of the stock. Bell Investment Advisors Inc purchased a new position in Estée Lauder Companies in the third quarter worth $25,000. Rise Advisors LLC purchased a new position in Estée Lauder Companies in the fourth quarter worth $25,000. American National Bank grew its holdings in 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 purchasing an additional 62 shares during the last quarter. Icapital Wealth LLC purchased a new stake in shares of Estée Lauder Companies during the first quarter valued at $29,000. Finally, Harbor Investment Advisory LLC grew its holdings in shares of Estée Lauder Companies by 73.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 80 shares of the company’s stock valued at $30,000 after buying an additional 34 shares during the last quarter. 58.85% of the stock is owned by institutional investors.

In related news, EVP Carl P. Haney sold 1,152 shares of the business’s stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of $307.94, for a total value of $354,746.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Demsey sold 10,027 shares of the business’s stock in a transaction that occurred on Wednesday, February 9th. The stock was sold at an average price of $319.68, for a total transaction of $3,205,431.36. The disclosure for this sale can be found here. Insiders own 13.95% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, May 27th. Estée Lauder Companies’s dividend payout ratio is presently 26.26%.

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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