The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) – Stock analysts at Jefferies Financial Group reduced their FY2023 earnings per share estimates for shares of Estée Lauder Companies in a report issued on Thursday, August 18th. Jefferies Financial Group analyst S. Wissink now anticipates that the company will post earnings of $7.42 per share for the year, down from their previous estimate of $7.51. The consensus estimate for Estée Lauder Companies’ current full-year earnings is $7.54 per share.
Several other analysts also recently commented on the company. JPMorgan Chase & Co. reduced their price objective on Estée Lauder Companies from $270.00 to $265.00 in a research note on Thursday, July 21st. Societe Generale cut their target price on Estée Lauder Companies to $258.00 and set a “na” rating for the company in a research note on Monday, May 16th. UBS Group increased their target price on Estée Lauder Companies from $266.00 to $289.00 and gave the stock a “neutral” rating in a research note on Friday. Royal Bank of Canada cut their target price on Estée Lauder Companies from $322.00 to $313.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Estée Lauder Companies from $266.00 to $280.00 in a research note on Friday. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to Ma rketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $330.33.
Estée Lauder Companies Stock Down 3.0 %
EL opened at $273.28 on Monday. The business has a 50 day moving average price of $258.89 and a two-hundred day moving average price of $265.72. The company has a quick ratio of 1.23, a current ratio of 1.60 and a debt-to- equity ratio of 0.92. The company has a market cap of $97.66 billion, a PE ratio of 41.91, a P/E/G ratio of 3.49 and a beta of 0.97. Estée Lauder Companies has a 52 week low of $225.39 and a 52 week high of $374.20.
Estée Lauder Companies (NYSE:EL – Get Rating) last posted its earnings results on Thursday, August 18th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.08. Estée Lauder Companies had a return on equity of 43.78% and a net margin of 13.48%. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the previous year, the business earned $0.78 EPS. The business’s quarterly revenue was down 9.5% on a year-over-year basis.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Estée Lauder Companies by 13.1% in the fourth quarter. BlackRock Inc. now owns 16,953,258 shares of the company’s stock valued at $6,276,099,000 after purchasing an additional 1,969,898 shares during the period. State Street Corp raised its position in Estée Lauder Companies by 1.9% in the first quarter. State Street Corp now owns 9,946,170 shares of the company’s stock valued at $2,708,541,000 after purchasing an additional 184,272 shares during the period. Fundsmith LLP raised its position in Estée Lauder Companies by 4.9% in the fourth quarter. Fundsmith LLP now owns 7,165,161 shares of the company’s stock valued at $2,652,543,000 after purchasing an additional 333,409 shares during the period. Jennison Associates LLC raised its position in Estée Lauder Companies by 3.3% in the second quarter. Jennison Associates LLC now owns 6,583,205 shares of the company’s stock valued at $1,676,545,000 after purchasing an additional 212,961 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Estée Lauder Companies by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 3,651,707 shares of the company’s stock valued at $1,347,667,000 after acquiring an additional 130,587 shares in the last quarter. 58.85% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Estée Lauder Companies
In related news, EVP Carl P. Haney sold 1,965 shares of the stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $237.92, for a total value of $467,512.80. Following the transaction, the executive vice president now directly owns 4,515 shares of the company’s stock, valued at approximately $1,074,208.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Carl P. Haney sold 1,965 shares of the stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $237.92, for a total value of $467,512.80. Following the transaction, the executive vice president now directly owns 4,515 shares of the company’s stock, valued at approximately $1,074,208.80 . The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Carl P. Haney sold 548 shares of the stock in a transaction on Friday, June 3rd. The s tock was sold at an average price of $263.88, for a total value of $144,606.24. Following the completion of the transaction, the executive vice president now directly owns 3,296 shares in the company, valued at $869,748.48. The disclosure for this sale can be found here . Insiders own 13.95% of the company’s stock.
Estée Lauder Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.88% . The ex-dividend date is Tuesday, August 30th. Estée Lauder Companies’s dividend payout ratio (DPR) is 36.81%.
About Estée Lauder Companies
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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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