Wall Street analysts expect Estee Lauder Companies Inc (NYSE:EL) to report sales of $3.53 billion for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Estee Lauder Companies’ earnings, with estimates ranging from $3.51 billion to $3.56 billion. Estee Lauder Companies posted sales of $3.30 billion during the same quarter last year, which would indicate a positive year over year growth rate of 7%. The company is scheduled to announce its next quarterly earnings report before the market opens on Monday, August 19th.

According to Zacks, analysts expect that Estee Lauder Companies will report full-year sales of $14.80 billion for the current year, with estimates ranging from $14.78 billion to $14.83 billion. For the next year, analysts forecast that the firm will report sales of $15.78 billion, with estimates ranging from $15.51 billion to $16.02 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Estee Lauder Companies.

A number of research firms have recently commented on EL. Royal Bank of Canada cut Estee Lauder Companies from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $173.00 to $178.00 in a research note on Thursday, May 2nd. They noted that the move was a valuation call. Evercore ISI set a $190.00 price objective on Estee Lauder Companies and gave the company a “buy” rating in a research report on Monday, August 12th. Piper Jaffray Companies increased their price objective on Estee Lauder Companies from $178.00 to $187.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $195.00 price objective (up from $190.00) on shares of Estee Lauder Companies in a research report on Thursday, May 2nd. Finally, Credit Suisse Group increased their price objective on Estee Lauder Companies from $175.00 to $185.00 and gave the company a “positive” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $173.13.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Harvest Fund Management Co. Ltd raised its stake in Estee Lauder Companies by 27.9% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 1,108 shares of the company’s stock valued at $203,000 after purchasing an additional 242 shares during the period. Point72 Europe London LLP bought a new stake in Estee Lauder Companies during the 2nd quarter valued at approximately $7,508,000. HM Payson & Co. bought a new stake in Estee Lauder Companies during the 2nd quarter valued at approximately $131,000. Private Capital Group LLC increased its stake in Estee Lauder Companies by 49.0% in the 2nd quarter. Private Capital Group LLC now owns 590 shares of the company’s stock worth $84,000 after acquiring an additional 194 shares during the last quarter. Finally, First Manhattan Co. increased its stake in Estee Lauder Companies by 15.6% in the 2nd quarter. First Manhattan Co. now owns 444 shares of the company’s stock worth $81,000 after acquiring an additional 60 shares during the last quarter. 53.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE EL traded up $3.79 during trading on Friday, reaching $179.22. The company had a trading volume of 2,445,800 shares, compared to its average volume of 1,401,262. Estee Lauder Companies has a 12-month low of $121.47 and a 12-month high of $194.74. The stock has a market cap of $63.37 billion, a PE ratio of 39.74, a P/E/G ratio of 2.33 and a beta of 0.81. The business’s 50-day moving average is $185.22 and its 200 day moving average is $169.80. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 0.62.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, 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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