Piper Jaffray Companies Research Analysts Lift Earnings Estimates for Estee Lauder Companies Inc (NYSE:EL)

Estee Lauder Companies Inc (NYSE:EL) – Investment analysts at Piper Jaffray Companies upped their FY2019 earnings per share estimates for shares of Estee Lauder Companies in a research report issued to clients and investors on Monday, August 12th. Piper Jaffray Companies analyst E. Murphy now forecasts that the company will post earnings of $5.24 per share for the year, up from their prior forecast of $5.19. Piper Jaffray Companies currently has a “Overweight” rating and a $187.00 target price on the stock. Piper Jaffray Companies also issued estimates for Estee Lauder Companies’ Q4 2019 earnings at $0.54 EPS, Q1 2020 earnings at $1.51 EPS, Q2 2020 earnings at $1.94 EPS, Q3 2020 earnings at $1.72 EPS, Q4 2020 earnings at $0.66 EPS, FY2020 earnings at $5.85 EPS, Q1 2021 earnings at $1.67 EPS, Q2 2021 earnings at $2.18 EPS, Q3 2021 earnings at $1.91 EPS, Q4 2021 earnings at $0.77 EPS and FY2021 earnings at $6.52 EPS.

EL has been the subject of several other research reports. Macquarie increased their price objective on shares of Estee Lauder Companies from $170.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Citigroup increased their price objective on shares of Estee Lauder Companies from $188.00 to $197.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. BMO Capital Markets upped their target price on shares of Estee Lauder Companies from $155.00 to $180.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Royal Bank of Canada cut shares of Estee Lauder Companies from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $173.00 to $178.00 in a research report on Thursday, May 2nd. They noted that the move was a valuation call. Finally, UBS Group upped their target price on shares of Estee Lauder Companies from $153.00 to $172.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $173.13.

EL opened at $175.43 on Wednesday. The firm has a 50-day simple moving average of $185.29 and a two-hundred day simple moving average of $169.75. Estee Lauder Companies has a 52 week low of $121.47 and a 52 week high of $194.74. The company has a market capitalization of $64.31 billion, a PE ratio of 38.90, a price-to-earnings-growth ratio of 2.36 and a beta of 0.81. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 0.62.

A number of institutional investors have recently bought and sold shares of the stock. FMR LLC raised its position in Estee Lauder Companies by 10.9% in the 1st quarter. FMR LLC now owns 17,499,760 shares of the company’s stock worth $2,897,086,000 after purchasing an additional 1,724,423 shares during the period. Vanguard Group Inc. raised its position in Estee Lauder Companies by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 17,300,612 shares of the company’s stock worth $3,167,915,000 after purchasing an additional 334,467 shares during the period. Jennison Associates LLC raised its position in Estee Lauder Companies by 6.2% in the 1st quarter. Jennison Associates LLC now owns 7,412,572 shares of the company’s stock worth $1,227,151,000 after purchasing an additional 435,327 shares during the period. Edgewood Management LLC raised its position in Estee Lauder Companies by 1.1% in the 2nd quarter. Edgewood Management LLC now owns 6,896,949 shares of the company’s stock worth $1,262,900,000 after purchasing an additional 71,860 shares during the period. Finally, Fundsmith LLP raised its position in Estee Lauder Companies by 5.6% in the 1st quarter. Fundsmith LLP now owns 6,631,703 shares of the company’s stock worth $1,097,878,000 after purchasing an additional 349,306 shares during the period. 53.96% of the stock is currently owned by institutional investors.

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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