Equities Analysts Issue Forecasts for The Estée Lauder Companies Inc.’s Q3 2023 Earnings (NYSE:EL)

The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) – Research analysts at Oppenheimer upped their Q3 2023 earnings estimates for shares of Estée Lauder Companies in a research report issued on Tuesday, January 17th. Oppenheimer analyst R. Parikh now anticipates that the company will post earnings of $1.99 per share for the quarter, up from their prior estimate of $1.74. Oppenheimer currently has a “Outperform” rating and a $300.00 target price on the stock. The consensus estimate for Estée Lauder Companies’ current full-year earnings is $5.35 per share. Oppenheimer also issued estimates for Estée Lauder Companies’ Q4 2023 earnings at $1.00 EPS, FY2023 earnings at $5.60 EPS and FY2024 earnings at $7.65 EPS.

Estée Lauder Companies (NYSE:EL – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. Estée Lauder Companies had a net margin of 12.66% and a return on equity of 41.46%. The business had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.92 billion.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Estée Lauder Companies from $274.00 to $285.00 and gave the stock an “overweight” rating in a research report on Friday, January 13th. Redburn Partners initiated coverage on shares of Estée Lauder Companies in a research report on Thursday, December 15th. They set a “sell” rating and a $210.00 price objective on the stock. Canaccord Genuity Group assumed coverage on shares of Estée Lauder Companies in a research report on Wednesday, November 16th. They set a “hold” rating and a $228.00 price objective on the stock. TheStreet lowered shares of Estée Lauder Companies from a “b-” rating to a “c+” rating in a report on Thursday, October 13th. Finally, Barclays upped their target price on shares of Estée Lauder Companies from $224.00 to $290.00 and gave the stock an “overweight” rating in a report on Tuesday, January 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Estée Lauder Companies has a consensus rating of “Moderate Buy” and a consensus target price of $270.17.

Estée Lauder Companies Price Performance

EL stock opened at $259.51 on Thursday. The stock has a market capitalization of $92.60 billion, a PE ratio of 43.32, a price-to-earnings-growth ratio of 5.22 and a beta of 0.95. The company’s 50-day moving average is $242.22 and its 200-day moving average is $241.56. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.11. Estée Lauder Companies has a 1 year low of $186.47 and a 1 year high of $324.70.

Estée Lauder Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Wednesday, November 30th were issued a $0.66 dividend. The ex-dividend date of this dividend was Tuesday, November 29th. This is an increase from Estée Lauder Companies’s previous quarterly dividend of $0.60. This represents a $2.64 annualized dividend and a yield of 1.02%. Estée Lauder Companies’s dividend payout ratio (DPR) is 44.07%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Truvestments Capital LLC bought a new position in Estée Lauder Companies in the 2nd quarter worth approximately $25,000. Vigilant Capital Management LLC boosted its holdings in Estée Lauder Companies by 280.0% in the 3rd quarter. Vigilant Capital Management LLC now owns 114 shares of the company’s stock valued at $25,000 after purchasing an additional 84 shares during the period. Newbridge Financial Services Group Inc. boosted its holdings in Estée Lauder Companies by 52.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 116 shares of the company’s stock valued at $29,000 after purchasing an additional 40 shares during the period. J.W. Cole Advisors Inc. bought a new position in Estée Lauder Companies in the 1st quarter valued at $31,000. Finally, CoreCap Advisors LLC bought a new position in Estée Lauder Companies in the 2nd quarter valued at $33,000. 55.74% of the stock is owned by institutional investors.

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. It 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.