The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) – Stock analysts at DA Davidson issued their Q1 2023 earnings estimates for shares of Estée Lauder Companies in a research report issued to clients and investors on Tuesday, August 23rd. DA Davidson analyst analyst L. Weiser forecasts that the company will earn $1.31 per share for the quarter. DA Davidson has a “Buy” rating and a $318.00 price target on the stock. The consensus estimate for Estée Lauder Companies’ current full-year earnings is $7.52 per share . DA Davidson also issued estimates for Estée Lauder Companies’ FY2023 earnings at $7.50 EPS and FY2024 earnings at $8.35 EPS.
Estée Lauder Companies (NYSE:EL – Get Rating) last announced its quarterly earnings data on Thursday, August 18th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.10. Estée Lauder Companies had a net margin of 13.48% and a return on equity of 43.78%. The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter in the prior year, the company earned $0.78 EPS. Estée Lauder Companies’s revenue was down 9.5% compared to the same quarter last year.
Several other analysts have also recently issued reports on EL. Credit Suisse Group dropped their price objective on shares of Estée Lauder Companies from $310.00 to $308.00 and set an “outperform” rating for the company in a research note on Friday, August 19th. Piper Sandler increased their price target on shares of Estée Lauder Companies to $325.00 in a research note on Monday. Royal Bank of Canada dropped their price target on shares of Estée Lauder Companies from $322.00 to $313.00 and set an “outperform” rating for the company in a research note on Friday, August 19th. Raymond James dropped their price target on shares of Estée Lauder Companies from $345.00 to $320.00 in a research note on Wednesday, May 4th. Finally, UBS Group increased their price target on shares of Estée Lauder Companies from $266.00 to $289.00 and gave the company a “neutral” rating in a research note on Friday, August 19th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rat ing and one has issued a strong buy rating to the company. According to MarketBeat.com, Estée Lauder Companies presently has an average rating of “Moderate Buy” and an average price target of $318.65.
Estée Lauder Companies Stock Down 0.0 %
Shares of NYSE EL opened at $265.43 on Wednesday. Estée Lauder Companies has a 12-month low of $225.39 and a 12-month high of $374.20. The stock has a market cap of $94.85 billion, a PE ratio of 40.71, a P/E /G ratio of 3.56 and a beta of 0.97. The company has a current ratio of 1.60, a quick ratio of 1.10 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average of $260.38 and a 200 day moving average of $265.38.
Institutional Investors Weigh In On Estée Lauder Companies
A number of hedge funds have recently added to or reduced their stakes in EL. Keybank National Association OH lifted its holdings in Estée Lauder Companies by 10.8% during the 4th quarter. Keybank National Association OH now owns 5,326 shares of the company’s stock worth $1,972,000 after buying an additional 517 shares in the last quarter. Savant Capital LLC raised its holdings in shares of Estée Lauder Companies by 24.5% in the 4th quarter. Savant Capital LLC now owns 1,157 shares of the company’s stock valued at $429,000 after purchasing an additional 228 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Estée Lauder Companies by 31.6% in the 4th quarter. ProShare Advisors LLC now owns 45,445 shares of the company’s stock valued at $16,824,000 after purchasing an additional 10,920 shares in the last quarter. Profund Advisors LLC raised its holdings in shares of Estée Lauder Companies by 20.1% in the 4th quarter. Profund Advisors LLC now owns 4,084 sha res of the company’s stock valued at $1,512,000 after purchasing an additional 683 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Estée Lauder Companies by 38.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 93,608 shares of the company’s stock valued at $34,594,000 after purchasing an additional 26,160 shares in the last quarter. 58.85% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Estée Lauder Companies news, EVP Carl P. Haney sold 548 shares of the stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $263.88, for a total transaction of $144,606.24. Following the sale , the executive vice president now directly owns 3,296 shares in the company, valued at approximately $869,748.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. 12.91% of the stock is currently owned by corporate insiders.
Estée Lauder Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, August 30th . This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.90%. Estée Lauder Companies’s payout ratio is currently 36.81%.
Estée Lauder Companies Company Profile
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The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company 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.
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