Estee Lauder Companies, Inc. (The) (EL) Issues FY18 Earnings Guidance
Estee Lauder Companies, Inc. (The) (NYSE:EL) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $3.88-3.96 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.98. The company issued revenue guidance of $13.08-13.13 billion, compared to the consensus revenue estimate of $12.87 billion.Estee Lauder Companies, Inc. (The) also updated its Q2 guidance to $1.31-1.34 EPS.
Several brokerages recently commented on EL. Oppenheimer Holdings, Inc. reaffirmed a buy rating and issued a $120.00 price objective (up previously from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Wednesday, September 20th. Royal Bank Of Canada set a $115.00 price objective on Estee Lauder Companies, Inc. (The) and gave the stock a buy rating in a report on Monday, October 23rd. Zacks Investment Research lowered Estee Lauder Companies, Inc. (The) from a buy rating to a hold rating in a report on Monday, August 21st. Jefferies Group LLC lifted their price objective on Estee Lauder Companies, Inc. (The) from $112.00 to $122.00 and gave the stock a hold rating in a report on Thursday, September 7th. Finally, Piper Jaffray Companies lifted their price objective on Estee Lauder Companies, Inc. (The) from $112.00 to $135.00 and gave the stock an overweight rating in a report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $112.78.
Shares of Estee Lauder Companies, Inc. (EL) traded up 8.65% during trading on Wednesday, hitting $121.48. The stock had a trading volume of 5,585,107 shares. Estee Lauder Companies, Inc. has a 12-month low of $75.29 and a 12-month high of $124.80. The firm has a market cap of $44.70 billion, a P/E ratio of 36.26 and a beta of 0.67. The firm has a 50 day moving average price of $109.62 and a 200 day moving average price of $100.05.
Estee Lauder Companies, Inc. (The) (NYSE:EL) last posted its earnings results on Thursday, November 2nd. The company reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate 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, Inc. (The) had a return on equity of 32.38% and a net margin of 10.56%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 EPS. On average, equities analysts expect that Estee Lauder Companies, Inc. will post $3.99 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a $0.38 dividend. This is a positive change from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.36%. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 40.60%.
In related news, VP Sara E. Moss sold 3,971 shares of Estee Lauder Companies, Inc. (The) stock in a transaction on Friday, September 8th. The stock was sold at an average price of $108.00, for a total value of $428,868.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gregory Polcer sold 25,000 shares of Estee Lauder Companies, Inc. (The) stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $110.00, for a total value of $2,750,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 580,641 shares of company stock valued at $61,605,635. Corporate insiders own 16.24% of the company’s stock.
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Estee Lauder Companies, Inc. (The) Company Profile
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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