The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) – Equities research analysts at Jefferies Financial Group boosted their Q1 2024 earnings per share (EPS) estimates for shares of Estée Lauder Companies in a research note issued to investors on Thursday, February 2nd. Jefferies Financial Group analyst A. Helgans now anticipates that the company will post earnings of $1.89 per share for the quarter, up from their previous forecast of $1.86. Jefferies Financial Group has a “Buy” rating and a $280.00 price objective on the stock. The consensus estimate for Estée Lauder Companies’ current full-year earnings is $5.06 per share. Jefferies Financial Group also issued estimates for Estée Lauder Companies’ FY2024 earnings at $8.19 EPS.
Several other equities analysts have also recently weighed in on EL. Deutsche Bank Aktiengesellschaft boosted their price objective on Estée Lauder Companies from $290.00 to $300.00 in a research report on Friday. Royal Bank of Canada cut their price objective on Estée Lauder Companies from $313.00 to $287.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. TheStreet raised Estée Lauder Companies from a “c+” rating to a “b-” rating in a research report on Friday, January 20th. JPMorgan Chase & Co. boosted their price objective on Estée Lauder Companies from $274.00 to $285.00 and gave the stock an “overweight” rating in a research report on Friday, January 13th. Finally, Credit Suisse Group cut their price target on Estée Lauder Companies from $260.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, November 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $273.73.
Shares of NYSE:EL opened at $269.54 on Monday. Estée Lauder Companies has a fifty-two week low of $186.47 and a fifty-two week high of $324.70. The business has a 50-day moving average of $252.97 and a two-hundred day moving average of $243.21. The stock has a market capitalization of $96.17 billion, a P/E ratio of 65.58, a P/E/G ratio of 5.45 and a beta of 0.96. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.66 and a quick ratio of 1.11.
Estée Lauder Companies (NYSE:EL – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.25. Estée Lauder Companies had a return on equity of 32.65% and a net margin of 9.13%. The business had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter in the previous year, the company posted $3.01 earnings per share. Estée Lauder Companies’s revenue for the quarter was down 16.6% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, February 27th. This represents a $2.64 dividend on an annualized basis and a yield of 0.98%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 64.23%.
In other Estée Lauder Companies news, CEO Fabrizio Freda sold 6,831 shares of the company’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $280.00, for a total transaction of $1,912,680.00. Following the transaction, the chief executive officer now owns 118,931 shares of the company’s stock, valued at approximately $33,300,680. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 12.75% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. M&G Investment Management Ltd. raised its stake in Estée Lauder Companies by 108.2% during the 2nd quarter. M&G Investment Management Ltd. now owns 25,269 shares of the company’s stock worth $6,444,000 after buying an additional 13,135 shares during the period. MGO One Seven LLC increased its holdings in Estée Lauder Companies by 14.3% during the 2nd quarter. MGO One Seven LLC now owns 1,712 shares of the company’s stock worth $436,000 after purchasing an additional 214 shares in the last quarter. NorthRock Partners LLC increased its holdings in Estée Lauder Companies by 14.1% during the 3rd quarter. NorthRock Partners LLC now owns 1,957 shares of the company’s stock worth $423,000 after purchasing an additional 242 shares in the last quarter. Venture Visionary Partners LLC bought a new position in Estée Lauder Companies during the 2nd quarter worth about $83,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Estée Lauder Companies by 23.4% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 17,610 shares of the company’s stock worth $4,485,000 after purchasing an additional 3,340 shares in the last quarter. Institutional investors and hedge funds own 55.74% of the company’s stock.
The Estée Lauder Companies, Inc engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. Its channels consist of department stores, multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas.
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