Wall Street analysts predict that Estee Lauder Companies Inc (NYSE:EL) will post earnings of $0.53 per share for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Estee Lauder Companies’ earnings. The lowest EPS estimate is $0.50 and the highest is $0.56. Estee Lauder Companies posted earnings of $0.61 per share during the same quarter last year, which suggests a negative year over year growth rate of 13.1%. The business is expected to report its next quarterly earnings results before the market opens on Monday, August 19th.

According to Zacks, analysts expect that Estee Lauder Companies will report full year earnings of $5.23 per share for the current financial year, with EPS estimates ranging from $5.18 to $5.27. For the next fiscal year, analysts anticipate that the company will report earnings of $5.80 per share, with EPS estimates ranging from $5.64 to $5.90. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Estee Lauder Companies.

A number of equities analysts have recently weighed in on EL shares. Telsey Advisory Group reiterated an “outperform” rating and set a $195.00 target price (up previously from $190.00) on shares of Estee Lauder Companies in a research note on Thursday, May 2nd. Royal Bank of Canada lowered Estee Lauder Companies from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $173.00 to $178.00 in a research note on Thursday, May 2nd. They noted that the move was a valuation call. BMO Capital Markets increased their target price on Estee Lauder Companies from $155.00 to $180.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. UBS Group increased their price target on Estee Lauder Companies from $153.00 to $172.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, Credit Suisse Group increased their price target on Estee Lauder Companies from $175.00 to $185.00 and gave the stock a “positive” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $173.13.

Shares of NYSE EL traded up $0.31 during trading hours on Thursday, reaching $175.43. 2,162,000 shares of the stock were exchanged, compared to its average volume of 1,661,230. The firm has a market capitalization of $64.31 billion, a price-to-earnings ratio of 38.90, a P/E/G ratio of 2.36 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.26 and a current ratio of 1.69. Estee Lauder Companies has a 52 week low of $121.47 and a 52 week high of $194.74. The stock’s fifty day simple moving average is $185.29 and its 200 day simple moving average is $169.75.

Hedge funds have recently modified their holdings of the business. Next Capital Management LLC acquired a new position in Estee Lauder Companies during the 2nd quarter valued at about $25,000. Massey Quick Simon & CO. LLC increased its stake in Estee Lauder Companies by 387.9% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 161 shares of the company’s stock valued at $29,000 after purchasing an additional 128 shares in the last quarter. NuWave Investment Management LLC acquired a new stake in Estee Lauder Companies during the 2nd quarter worth approximately $33,000. Meeder Asset Management Inc. acquired a new stake in Estee Lauder Companies during the 2nd quarter worth approximately $34,000. Finally, Thor Advisors LLC acquired a new stake in Estee Lauder Companies during the 1st quarter worth approximately $37,000. 53.96% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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