Estee Lauder Companies Inc (NYSE:EL) – Equities researchers at Jefferies Group lifted their Q2 2018 earnings per share (EPS) estimates for Estee Lauder Companies in a note issued to investors on Wednesday. Jefferies Group analyst S. Wissink now forecasts that the company will earn $1.44 per share for the quarter, up from their prior estimate of $1.41. Jefferies Group has a “Buy” rating and a $148.00 price target on the stock. Jefferies Group also issued estimates for Estee Lauder Companies’ Q3 2019 earnings at $1.19 EPS.

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

EL has been the subject of a number of other reports. Zacks Investment Research raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research note on Tuesday, January 9th. Wells Fargo & Co raised their price objective on shares of Estee Lauder Companies from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, January 4th. Deutsche Bank initiated coverage on shares of Estee Lauder Companies in a research note on Wednesday, December 13th. They set a “hold” rating and a $134.00 price objective for the company. Macquarie raised their price objective on shares of Estee Lauder Companies from $1.45 to $1.50 and gave the stock an “outperform” rating in a research note on Thursday, December 21st. Finally, Argus raised their price objective on shares of Estee Lauder Companies from $125.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Seven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $117.67.

Shares of Estee Lauder Companies (NYSE:EL) traded down $1.08 during trading on Friday, reaching $130.98. 1,147,100 shares of the company’s stock were exchanged, compared to its average volume of 1,483,167. Estee Lauder Companies has a 12 month low of $78.36 and a 12 month high of $132.59. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 1.75. The stock has a market capitalization of $49,210.00, a PE ratio of 35.40, a PEG ratio of 2.54 and a beta of 0.71.

Several hedge funds have recently modified their holdings of the company. Moors & Cabot Inc. raised its stake in shares of Estee Lauder Companies by 1.1% in the 2nd quarter. Moors & Cabot Inc. now owns 3,825 shares of the company’s stock valued at $365,000 after acquiring an additional 40 shares during the period. Glenview Trust Co raised its stake in shares of Estee Lauder Companies by 1.5% in the 2nd quarter. Glenview Trust Co now owns 2,744 shares of the company’s stock valued at $263,000 after acquiring an additional 41 shares during the period. Williams Jones & Associates LLC raised its stake in shares of Estee Lauder Companies by 0.7% in the 2nd quarter. Williams Jones & Associates LLC now owns 6,865 shares of the company’s stock valued at $659,000 after acquiring an additional 45 shares during the period. Wealthsource Partners LLC raised its stake in shares of Estee Lauder Companies by 3.6% in the 2nd quarter. Wealthsource Partners LLC now owns 3,092 shares of the company’s stock valued at $297,000 after acquiring an additional 108 shares during the period. Finally, ProShare Advisors LLC raised its stake in shares of Estee Lauder Companies by 0.6% in the 2nd quarter. ProShare Advisors LLC now owns 35,864 shares of the company’s stock valued at $3,442,000 after acquiring an additional 211 shares during the period. 53.65% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider 1992 Grat Remainder Trust Fbo sold 571,351 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $125.44, for a total value of $71,670,269.44. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard F. Zannino sold 23,312 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $119.23, for a total transaction of $2,779,489.76. Following the completion of the transaction, the director now directly owns 14,000 shares in the company, valued at approximately $1,669,220. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,566,381 shares of company stock worth $195,955,337. 16.24% of the stock is owned by company insiders.

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Estee Lauder Companies 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.

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

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