[ad_1]
The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) – Stock analysts at Jefferies Financial Group upped their Q2 2023 EPS estimates for shares of Estée Lauder Companies in a research note issued on Sunday, January 8th. Jefferies Financial Group analyst S. Wissink now expects that the company will earn $1.32 per share for the quarter, up from their previous forecast of $1.28. Jefferies Financial Group has a “Buy” rating and a $280.00 price target on the stock. The consensus estimate for Estée Lauder Companies’ current full-year earnings is $5.35 per share. Jefferies Financial Group also issued estimates for Estée Lauder Companies’ Q3 2023 earnings at $1.93 EPS, FY2023 earnings at $5.37 EPS, Q1 2024 earnings at $1.86 EPS, Q2 2024 earnings at $2.80 EPS, Q3 2024 earnings at $2.49 EPS, Q4 2024 earnings at $0.99 EPS and FY2024 earnings at $8.14 EPS.
Estée Lauder Companies (NYSE:EL – Get Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.08. The business had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.92 billion. Estée Lauder Companies had a net margin of 12.66% and a return on equity of 41.46%.
A number of other research analysts also recently issued reports on EL. Wells Fargo & Company upped their target price on shares of Estée Lauder Companies from $250.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. Royal Bank of Canada cut their target price on shares of Estée Lauder Companies from $313.00 to $287.00 and set an “outperform” rating on the stock in a research report on Thursday, November 3rd. Berenberg Bank downgraded shares of Estée Lauder Companies from a “buy ” rating to a “hold” rating and cut their price target for the company from $323.00 to $220.00 in a research report on Monday, November 7th. Raymond James cut their price target on shares of Estée Lauder Companies from $280.00 to $245.00 and set a ” strong-buy” rating on the stock in a research report on Thursday, November 3rd. Finally, Bank of America increased their price target on shares of Estée Lauder Companies from $215.00 to $230.00 and gave the company a “neutral” rating in a research report on Wednesday, November 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $266.87.
Estée Lauder Companies Stock Up 0.3 %
Shares of NYSE EL opened at $262.45 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.68 and a debt-to-equity ratio of 0.93. Estée Lauder Companies has a 12-month low of $186.47 and a 12- month high of $349.45. The company has a market cap of $93.65 billion, a price-to-earnings ratio of 43.81, a price-to-earnings-growth ratio of 5.16 and a beta of 0.95. The firm’s 50-day simple moving average is $233.86 and its 200 day simple moving average is $241.01.
Estée Lauder Companies Increases Dividend
The business also recently closed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0-1%. date was Tuesday, November 29th. This is an increase from Estée Lauder Companies’s previous quarterly dividend of $0.60. Estée Lauder Companies’s dividend payout ratio is presently 44.07%.
Institutional Investors Weigh In On Estée Lauder Companies
Large investors have recently made changes to their positions in the stock. Truvestments Capital LLC acquired a new stake in shares of Estée Lauder Companies in the 2nd quarter valued at approximately $25,000. Vigilant Capital Management LLC boosted its holdings in shares of E.E. % in the 3rd quarter. Vigilant Capital Management LLC now owns 114 shares of the company’s stock valued at $25,000 after buying an additional 84 shares during the last quarter. GoalVest Advisory LLC acquired a new stake in Estée Lauder 01 value at 0 2 art 0 2 companies . JW Cole Advisors Inc. acquired a new stake in Estée Lauder Companies during the 1st quarter valued at $31,000. Finally, CoreCap Advisors LLC acquired a new stake in Estée Lauder Companies during the 2nd quarter valued at $33,000. Institutional 4 owned investors. % of the company’s stock.
Estée Lauder Companies Company Profile
(Get Rating)
The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or out comments about this story contact@marketbeat.com.
Before you consider Estée Lauder Companies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before market the broader on… and Estée Lauder Companies wasn’t on the list.
While Estée Lauder Companies currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
[ad_2]
Source link