Estee Lauder Companies Inc (NYSE:EL) – Equities research analysts at Piper Jaffray Companies raised their FY2019 earnings estimates for shares of Estee Lauder Companies in a report issued on Wednesday, May 1st, Zacks Investment Research reports. Piper Jaffray Companies analyst E. Murphy now anticipates that the company will post earnings per share of $5.19 for the year, up from their prior estimate of $5.10. Piper Jaffray Companies currently has a “Positive” rating and a $178.00 price target on the stock. Piper Jaffray Companies also issued estimates for Estee Lauder Companies’ Q1 2020 earnings at $1.48 EPS, Q1 2021 earnings at $1.64 EPS, Q2 2021 earnings at $2.21 EPS and Q3 2021 earnings at $1.79 EPS.
Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.25. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.56 billion. Estee Lauder Companies had a net margin of 12.45% and a return on equity of 43.52%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.17 earnings per share.
A number of other brokerages have also issued reports on EL. Telsey Advisory Group increased their target price on shares of Estee Lauder Companies from $170.00 to $179.00 and gave the company an “outperform” rating in a research report on Wednesday, February 6th. Macquarie lifted their price target on shares of Estee Lauder Companies from $170.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Deutsche Bank lifted their price target on shares of Estee Lauder Companies to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, February 6th. BMO Capital Markets lifted their price target on shares of Estee Lauder Companies from $140.00 to $155.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 6th. Finally, Zacks Investment Research downgraded shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a research note on Monday, January 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $170.78.
Shares of NYSE:EL traded down $0.32 during midday trading on Friday, hitting $167.30. The stock had a trading volume of 13,594 shares, compared to its average volume of 1,659,063. The company has a market cap of $60.66 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 2.48 and a beta of 0.72. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 0.62. Estee Lauder Companies has a 1 year low of $121.47 and a 1 year high of $180.20.
Several large investors have recently made changes to their positions in EL. Machina Capital S.A.S. bought a new stake in shares of Estee Lauder Companies during the fourth quarter valued at approximately $30,000. Coastal Investment Advisors Inc. purchased a new stake in shares of Estee Lauder Companies during the first quarter valued at $43,000. Anderson Fisher LLC purchased a new stake in Estee Lauder Companies in the first quarter valued at $43,000. Trust Co. of Vermont boosted its holdings in Estee Lauder Companies by 112.1% in the first quarter. Trust Co. of Vermont now owns 263 shares of the company’s stock valued at $44,000 after purchasing an additional 139 shares during the last quarter. Finally, Motco raised its position in shares of Estee Lauder Companies by 45.8% in the first quarter. Motco now owns 277 shares of the company’s stock worth $46,000 after acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 53.06% of the company’s stock.
In related news, Director Lynn Forester sold 10,000 shares of Estee Lauder Companies stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $172.48, for a total value of $1,724,800.00. Following the completion of the transaction, the director now owns 14,000 shares in the company, valued at $2,414,720. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Irvine O. Hockaday, Jr. sold 1,500 shares of Estee Lauder Companies stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $155.31, for a total value of $232,965.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,356,644 shares of company stock worth $555,878,019. 16.13% of the stock is owned by insiders.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a $0.43 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.72 dividend on an annualized basis and a yield of 1.03%. Estee Lauder Companies’s dividend payout ratio is currently 38.14%.
About Estee Lauder Companies
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.