Brokerages Anticipate Estee Lauder Companies Inc (EL) Will Announce Earnings of $0.56 Per Share
Equities research analysts expect Estee Lauder Companies Inc (NYSE:EL) to announce earnings of $0.56 per share for the current quarter, according to Zacks. Nine analysts have issued estimates for Estee Lauder Companies’ earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.60. Estee Lauder Companies posted earnings per share of $0.51 in the same quarter last year, which suggests a positive year over year growth rate of 9.8%. The company is scheduled to report its next earnings report before the market opens on Monday, August 20th.
According to Zacks, analysts expect that Estee Lauder Companies will report full year earnings of $4.46 per share for the current year, with EPS estimates ranging from $4.42 to $4.50. For the next financial year, analysts expect that the company will report earnings of $5.00 per share, with EPS estimates ranging from $4.81 to $5.12. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Estee Lauder Companies.
Several equities research analysts recently commented on EL shares. Stifel Nicolaus cut their price target on shares of Estee Lauder Companies from $160.00 to $150.00 and set a “buy” rating for the company in a report 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 report 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 report on Thursday, May 3rd. Evercore ISI began coverage on shares of Estee Lauder Companies in a report on Tuesday, May 22nd. They set a “buy” rating and a $170.00 target price for the company. 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 for the company in a report on Thursday, May 3rd. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Estee Lauder Companies currently has an average rating of “Buy” and a consensus target price of $143.69.
Estee Lauder Companies traded up $0.56, hitting $132.73, on Friday, according to Marketbeat.com. The company 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 PE ratio of 29.97, a PEG ratio of 1.93 and a beta of 0.62. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.82. Estee Lauder Companies has a 12-month low of $98.16 and a 12-month high of $158.80.
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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