Estee Lauder Companies Inc (EL) Expected to Post Quarterly Sales of $3.26 Billion

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Equities analysts forecast that Estee Lauder Companies Inc (NYSE:EL) will post $3.26 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Estee Lauder Companies’ earnings, with estimates ranging from $3.21 billion to $3.31 billion. Estee Lauder Companies posted sales of $2.89 billion during the same quarter last year, which would indicate a positive year over year growth rate of 12.8%. The company is expected to report its next quarterly earnings report before the market opens on Monday, August 20th.

According to Zacks, analysts expect that Estee Lauder Companies will report full year sales of $13.64 billion for the current year, with estimates ranging from $13.60 billion to $13.70 billion. For the next fiscal year, analysts anticipate that the business will post sales of $14.57 billion per share, with estimates ranging from $14.23 billion to $15.02 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Estee Lauder Companies.

A number of brokerages have recently weighed in on EL. Stifel Nicolaus cut their target price on shares of Estee Lauder Companies from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, May 3rd. Morgan Stanley upped their target price on shares of Estee Lauder Companies from $153.00 to $162.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 15th. DA Davidson upped their target price on shares of Estee Lauder Companies from $131.00 to $134.00 and gave the stock a “neutral” rating in a research note on Thursday, May 3rd. Evercore ISI began coverage on shares of Estee Lauder Companies in a research note on Tuesday, May 22nd. They issued a “buy” rating and a $170.00 target price on the stock. Finally, Credit Suisse Group dropped their target price on shares of Estee Lauder Companies from $162.00 to $156.00 and set an “outperform” rating on the stock in a research note on Thursday, May 3rd. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $143.69.

NYSE:EL traded up $0.56 on Tuesday, hitting $132.73. The stock had a trading volume of 1,948,358 shares, compared to its average volume of 1,825,078. The firm has a market cap of $48.51 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 1.93 and a beta of 0.62. Estee Lauder Companies has a 1 year low of $98.16 and a 1 year high of $158.80. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.82.

Institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN increased its position in Estee Lauder Companies by 4.9% during the 1st quarter. Wells Fargo & Company MN now owns 2,754,919 shares of the company’s stock valued at $412,465,000 after purchasing an additional 127,787 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Estee Lauder Companies by 31.6% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 63,629 shares of the company’s stock valued at $9,527,000 after purchasing an additional 15,274 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in Estee Lauder Companies by 48.6% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 32,243 shares of the company’s stock valued at $4,827,000 after purchasing an additional 10,540 shares during the period. Dowling & Yahnke LLC increased its position in Estee Lauder Companies by 5.0% during the 1st quarter. Dowling & Yahnke LLC now owns 9,845 shares of the company’s stock valued at $1,474,000 after purchasing an additional 468 shares during the period. Finally, Lester Murray Antman dba SimplyRich increased its position in Estee Lauder Companies by 3.4% during the 1st quarter. Lester Murray Antman dba SimplyRich now owns 14,553 shares of the company’s stock valued at $2,179,000 after purchasing an additional 480 shares during the period. 54.49% of the stock is currently owned by institutional investors and hedge funds.

About Estee Lauder Companies

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, 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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