The Estée Lauder Companies Inc. to Post FY2022 Earnings of $7.10 Per Share, Jefferies Financial Group Forecasts (NYSE:EL)

The Estée Lauder Companies Inc. (NYSE:ELGet Rating) – Equities research analysts at Jefferies Financial Group lowered their FY2022 EPS estimates for shares of Estée Lauder Companies in a report released on Tuesday, May 3rd. Jefferies Financial Group analyst S. Wissink now expects that the company will post earnings per share of $7.10 for the year, down from their prior forecast of $7.58. Jefferies Financial Group also issued estimates for Estée Lauder Companies’ Q4 2022 earnings at $0.30 EPS, Q3 2023 earnings at $2.22 EPS, Q4 2023 earnings at $0.40 EPS, FY2023 earnings at $7.94 EPS, Q2 2024 earnings at $3.57 EPS and Q3 2024 earnings at $2.46 EPS.

A number of other equities research analysts have also weighed in on EL. Oppenheimer cut their price objective on Estée Lauder Companies from $350.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 16th. Credit Suisse Group dropped their price target on Estée Lauder Companies from $365.00 to $320.00 in a research report on Wednesday. Bank of America lowered their price objective on Estée Lauder Companies from $375.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, February 4th. Deutsche Bank Aktiengesellschaft lowered their price objective on Estée Lauder Companies from $289.00 to $274.00 in a research note on Wednesday. Finally, Barclays decreased their price target on Estée Lauder Companies from $360.00 to $342.00 and set an “overweight” rating for the company in a research note on Monday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $335.95.

EL opened at $237.06 on Friday. The stock’s 50 day simple moving average is $270.45 and its 200 day simple moving average is $311.48. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.75 and a quick ratio of 1.27. Estée Lauder Companies has a 1 year low of $227.49 and a 1 year high of $374.20. 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.

Estée Lauder Companies (NYSE:ELGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.23. The company had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.32 billion. Estée Lauder Companies had a return on equity of 45.06% and a net margin of 18.53%. Estée Lauder Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $1.62 EPS.

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

In other news, EVP Carl P. Haney sold 1,152 shares of the firm’s stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $307.94, for a total transaction of $354,746.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John Demsey sold 10,027 shares of the firm’s stock in a transaction dated Wednesday, February 9th. The shares were sold at an average price of $319.68, for a total value of $3,205,431.36. The disclosure for this sale can be found here. Company insiders own 13.95% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Atria Investments LLC grew its position in shares of Estée Lauder Companies by 0.3% during the 3rd quarter. Atria Investments LLC now owns 10,361 shares of the company’s stock valued at $3,108,000 after acquiring an additional 30 shares during the period. Triangle Securities Wealth Management boosted its holdings in Estée Lauder Companies by 1.3% in the 4th quarter. Triangle Securities Wealth Management now owns 2,515 shares of the company’s stock worth $931,000 after buying an additional 33 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in Estée Lauder Companies by 73.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 80 shares of the company’s stock worth $30,000 after buying an additional 34 shares during the last quarter. Corbett Road Capital Management LLC boosted its holdings in Estée Lauder Companies by 2.7% in the 4th quarter. Corbett Road Capital Management LLC now owns 1,302 shares of the company’s stock worth $482,000 after buying an additional 34 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in Estée Lauder Companies by 7.7% in the 4th quarter. IFP Advisors Inc now owns 491 shares of the company’s stock worth $182,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 58.85% of the company’s stock.

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

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