Q3 2019 EPS Estimates for Estee Lauder Companies Inc (EL) Boosted by DA Davidson
Estee Lauder Companies Inc (NYSE:EL) – Investment analysts at DA Davidson increased their Q3 2019 earnings estimates for shares of Estee Lauder Companies in a research note issued to investors on Wednesday, February 6th. DA Davidson analyst L. Weiser now anticipates that the company will post earnings per share of $1.28 for the quarter, up from their previous forecast of $1.19. DA Davidson also issued estimates for Estee Lauder Companies’ Q4 2019 earnings at $0.57 EPS, FY2019 earnings at $5.00 EPS, Q1 2020 earnings at $1.54 EPS, Q2 2020 earnings at $1.92 EPS, Q3 2020 earnings at $1.45 EPS, Q4 2020 earnings at $0.67 EPS and FY2020 earnings at $5.58 EPS.
A number of other equities research analysts have also recently commented on the company. BMO Capital Markets lifted their price objective on Estee Lauder Companies from $140.00 to $155.00 and gave the stock a “market perform” rating in a research note on Wednesday. Zacks Investment Research raised Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $153.00 price objective for the company in a research note on Wednesday. Credit Suisse Group reaffirmed an “outperform” rating and set a $175.00 price objective (up from $165.00) on shares of Estee Lauder Companies in a research note on Wednesday. Deutsche Bank lifted their price objective on Estee Lauder Companies to $167.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Berenberg Bank cut Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $153.45.
Estee Lauder Companies (NYSE:EL) last released its earnings results on Tuesday, February 5th. The company reported $1.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.20. Estee Lauder Companies had a return on equity of 39.74% and a net margin of 11.49%. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the firm earned $1.52 EPS. The business’s revenue for the quarter was up 7.0% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 28th will be issued a $0.43 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.14%. Estee Lauder Companies’s dividend payout ratio (DPR) is 38.14%.
In other news, EVP Alexandra C. Trower sold 4,781 shares of the business’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $145.02, for a total value of $693,340.62. Following the sale, the executive vice president now directly owns 18,584 shares in the company, valued at $2,695,051.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Demsey sold 11,179 shares of the business’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $136.02, for a total value of $1,520,567.58. Following the completion of the sale, the insider now owns 10,288 shares in the company, valued at $1,399,373.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 275,217 shares of company stock worth $39,081,561. Corporate insiders own 16.13% of the company’s stock.
Several institutional investors have recently modified their holdings of EL. Contravisory Investment Management Inc. increased its position in Estee Lauder Companies by 215.4% during the fourth quarter. Contravisory Investment Management Inc. now owns 369 shares of the company’s stock worth $48,000 after buying an additional 252 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in Estee Lauder Companies by 6,015.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,896,861 shares of the company’s stock worth $53,000 after buying an additional 6,784,090 shares during the last quarter. Glassman Wealth Services increased its position in Estee Lauder Companies by 177.5% during the fourth quarter. Glassman Wealth Services now owns 469 shares of the company’s stock worth $61,000 after buying an additional 300 shares during the last quarter. JCIC Asset Management Inc. increased its position in Estee Lauder Companies by 19.9% during the fourth quarter. JCIC Asset Management Inc. now owns 488 shares of the company’s stock worth $63,000 after buying an additional 81 shares during the last quarter. Finally, CWM LLC increased its position in Estee Lauder Companies by 200.6% during the fourth quarter. CWM LLC now owns 511 shares of the company’s stock worth $66,000 after buying an additional 341 shares during the last quarter. Institutional investors own 54.38% of the company’s stock.
About Estee Lauder Companies
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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