Wall Street brokerages expect that Estee Lauder Companies Inc (NYSE:EL) will post $3.53 billion in sales for the current quarter, according to Zacks. Nine analysts have made estimates for Estee Lauder Companies’ earnings. The lowest sales estimate is $3.51 billion and the highest is $3.56 billion. Estee Lauder Companies reported sales of $3.30 billion during the same quarter last year, which indicates a positive year over year growth rate of 7%. The firm is scheduled to issue its next quarterly earnings results 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 financial year, with estimates ranging from $14.78 billion to $14.83 billion. For the next fiscal year, analysts expect that the firm will report sales of $15.78 billion, with estimates ranging from $15.51 billion to $16.02 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Estee Lauder Companies.
Several research firms recently commented on EL. 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. 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. Raymond James increased their price objective on Estee Lauder Companies from $164.00 to $181.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Royal Bank of Canada cut Estee Lauder Companies from an “outperform” rating to a “sector perform” rating and increased their price objective 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, DA Davidson cut Estee Lauder Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $179.00 to $155.00 in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $173.13.
Shares of Estee Lauder Companies stock traded up $3.79 during trading on Friday, hitting $179.22. 2,445,800 shares of the company’s stock traded hands, compared to its average volume of 1,401,262. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.69 and a quick ratio of 1.26. Estee Lauder Companies has a 1 year low of $121.47 and a 1 year high of $194.74. The stock has a market capitalization of $63.37 billion, a P/E ratio of 39.74, a PEG ratio of 2.33 and a beta of 0.81. The business has a 50-day simple moving average of $185.22 and a 200-day simple moving average of $169.80.
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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