Zacks: Brokerages Expect Estee Lauder Companies, Inc. (The) (EL) to Announce $1.42 EPS

Equities analysts expect Estee Lauder Companies, Inc. (The) (NYSE:EL) to announce $1.42 earnings per share for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Estee Lauder Companies’ earnings, with the lowest EPS estimate coming in at $1.39 and the highest estimate coming in at $1.46. Estee Lauder Companies reported earnings of $1.22 per share during the same quarter last year, which would indicate a positive year over year growth rate of 16.4%. The firm is expected to announce its next quarterly earnings results on Thursday, February 1st.

On average, analysts expect that Estee Lauder Companies will report full year earnings of $4.14 per share for the current financial year, with EPS estimates ranging from $4.00 to $4.28. For the next year, analysts expect that the company will report earnings of $4.62 per share, with EPS estimates ranging from $4.50 to $4.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Estee Lauder Companies.

Estee Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, November 1st. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.24. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.16 billion. Estee Lauder Companies had a return on equity of 33.64% and a net margin of 11.30%. Estee Lauder Companies’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share.

A number of research analysts recently commented on the company. Oppenheimer restated a “buy” rating and issued a $120.00 target price (up from $110.00) on shares of Estee Lauder Companies in a research note on Wednesday, September 20th. Royal Bank Of Canada set a $115.00 target price on Estee Lauder Companies and gave the company a “buy” rating in a research note on Monday, October 23rd. Zacks Investment Research lowered Estee Lauder Companies from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. Jefferies Group upped their target price on Estee Lauder Companies from $112.00 to $122.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. Finally, Piper Jaffray Companies set a $135.00 target price on Estee Lauder Companies and gave the company a “buy” rating in a research note on Wednesday, November 1st. Six equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $118.14.

Estee Lauder Companies (NYSE:EL) opened at $125.18 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.75 and a quick ratio of 1.27. The company has a market capitalization of $45,845.38, a price-to-earnings ratio of 32.34, a P/E/G ratio of 2.40 and a beta of 0.71. Estee Lauder Companies has a 12 month low of $75.83 and a 12 month high of $126.99.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.21%. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.34. The ex-dividend date is Wednesday, November 29th. Estee Lauder Companies’s dividend payout ratio is 41.08%.

In other news, VP Sara E. Moss sold 29,873 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $121.16, for a total transaction of $3,619,412.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider 1992 Grat Remainder Trust Fbo sold 570,000 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $125.53, for a total value of $71,552,100.00. The disclosure for this sale can be found here. Insiders sold 1,526,646 shares of company stock worth $190,321,370 over the last quarter. Company insiders own 16.24% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Estee Lauder Companies by 3.3% during the second quarter. Vanguard Group Inc. now owns 15,286,591 shares of the company’s stock worth $1,467,207,000 after purchasing an additional 485,448 shares during the last quarter. BlackRock Inc. boosted its holdings in Estee Lauder Companies by 7.4% in the second quarter. BlackRock Inc. now owns 14,797,992 shares of the company’s stock valued at $1,420,311,000 after acquiring an additional 1,022,956 shares during the last quarter. Jennison Associates LLC bought a new position in Estee Lauder Companies in the third quarter valued at about $664,432,000. Janus Henderson Group PLC boosted its holdings in Estee Lauder Companies by 1,676.9% in the second quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock valued at $450,675,000 after acquiring an additional 4,431,247 shares during the last quarter. Finally, Fundsmith LLP boosted its holdings in Estee Lauder Companies by 3.2% in the second quarter. Fundsmith LLP now owns 3,845,509 shares of the company’s stock valued at $369,092,000 after acquiring an additional 118,489 shares during the last quarter. Institutional investors own 53.87% of the company’s stock.

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About Estee Lauder Companies

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

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

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