$3.53 Billion in Sales Expected for Estee Lauder Companies Inc (NYSE:EL) This Quarter
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.
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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