The Estée Lauder Companies Inc. (NYSE:EL – Get 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.
Estée Lauder Companies (NYSE:EL – Get 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 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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