Research Analysts Set Expectations for The Estée Lauder Companies Inc.’s Q3 2023 Earnings (NYSE:EL)

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The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) – Research analysts at Telsey Advisory Group boosted their Q3 2023 earnings estimates for shares of Estée Lauder Companies in a note issued to investors on Friday, August 19th. Telsey Advisory Group analyst D . Telsey now anticipates that the company will post earnings of $2.23 per share for the quarter, up from their previous estimate of $2.04. The consensus estimate for Estée Lauder Companies’ current full-year earnings is $7.54 per share.

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada reduced 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 report on Friday. Oppenheimer reissued an “outperform” rating and issued a $300.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, May 31st. Societe Generale reduced their price target on shares of Estée Lauder Companies to $258.00 and set a “na” rating for the company in a research report on Monday, May 16th. Raymond James dropped their price objective on shares of Estée Lauder Companies from $345.00 to $320.00 in a research note on Wednesday, May 4th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Estée Lauder Companies from $270.00 to $265.00 in a research note on Thursday, July 21st. Four equities research analysts have rated the stock with a hold rating, fourteen have assig ned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies currently has an average rating of “Moderate Buy” and an average price target of $330.33.

Estée Lauder Companies Price Performance

Shares of EL opened at $273.28 on Monday. Estée Lauder Companies has a 1-year low of $225.39 and a 1-year high of $374.20. The stock has a market cap of $97.66 billion, a PE ratio of 41.91, a price-to- earnings-growth ratio of 3.49 and a beta of 0.97. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.60 and a quick ratio of 1.23. The firm has a fifty day moving average price of $258.89 and a 200 day moving average price of $265.72.

Estée Lauder Companies (NYSE:EL – Get Rating) last released its quarterly earnings data on Thursday, August 18th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.08. Estée Lauder Companies had a net margin of 13.48% and a return on equity of 43.78%. The business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same period in the previous year, the company earned $0.78 EPS. The company’s revenue for the quarter was down 9.5% on a year-over-year basis.

Institutional Trading of Estée Lauder Companies

Several institutional investors and hedge funds have recently modified their holdings of EL. Core Alternative Capital raised its position in shares of Estée Lauder Companies by 23.7% in the second quarter. Core Alternative Capital now owns 193 shares of the company’s stock valued at $49,000 after purchasing an additional 37 shares during the period. Comprehensive Financial Consultants Institutional Inc. raised its position in shares of Estée Lauder Companies by 0.9% in the second quarter. Comprehensive Financial Consultants Institutional Inc. now owns 4,491 shares of the company’s stock valued at $1,097,000 after purchasing an additional 38 shares during the period. Peterson Wealth Services raised its position in shares of Estée Lauder Companies by 5.1% in the second quarter. Peterson Wealth Services now owns 847 shares of the company’s stock valued at $216,000 after purchasing an additional 41 shares during the period. Journey Advisory Group LLC raised its position in shares of Estée Lauder Companies by 3.4% in the second quarter. Journey Advisory Group LLC now owns 1,344 shares of the company’s stock valued at $368,000 after purchasing an additional 44 shares during the period. Finally, RFG Advisory LLC raised its position in shares of Estée Lauder Companies by 5.6% in the second quarter. RFG Advisory LLC now owns 834 shares of the company’s stock valued at $226,000 after purchasing an additional 44 shares during the period. Hedge funds and other institutional investors own 58.85% of the company’s stock.

Insider Transactions at Estée Lauder Companies

In other Estée Lauder Companies news, EVP Carl P. Haney sold 1,965 shares of the company’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $237.92, for a total transaction of $467,512.80. Following the transaction, the executive vice president now directly owns 4,515 shares in the company, valued at $1,074,208.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Estée Lauder Companies news, EVP Carl P. Haney sold 548 shares of the company’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $263.88, for a total value of $144,606.24. Following the sale, the executive vice president now owns 3,296 shares of the company’s stock, valued at $869,748.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Carl P. Haney sold 1,965 shares of the company’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $237.92, for a total transaction of $467,512.80. Following the completion of the sale, the executive vice president now directly owns 4,515 shares in the company, valued at approximately $1,074,208.80. The disclosure for this sale can be found here. Company insiders own 13.95% of the company’s stock.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be paid 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 0.88%. 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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