Estee Lauder Companies Inc (NYSE:EL) to Post FY2019 Earnings of $5.25 Per Share, Oppenheimer Forecasts

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Estee Lauder Companies Inc (NYSE:EL) – Equities research analysts at Oppenheimer lifted their FY2019 EPS estimates for shares of Estee Lauder Companies in a research note issued on Monday, August 12th. Oppenheimer analyst R. Parikh now anticipates that the company will earn $5.25 per share for the year, up from their previous forecast of $5.19. Oppenheimer also issued estimates for Estee Lauder Companies’ Q4 2019 earnings at $0.54 EPS, Q1 2020 earnings at $1.52 EPS, Q2 2020 earnings at $1.89 EPS, Q3 2020 earnings at $1.68 EPS, Q4 2020 earnings at $0.58 EPS and FY2020 earnings at $5.67 EPS.

Several other equities research analysts have also recently weighed in on the company. DA Davidson cut Estee Lauder Companies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $179.00 to $155.00 in a research report on Thursday, May 2nd. BMO Capital Markets increased their price objective on 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. Stifel Nicolaus increased their price objective on Estee Lauder Companies from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Piper Jaffray Companies raised their target price on Estee Lauder Companies from $178.00 to $187.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Credit Suisse Group raised their target price on Estee Lauder Companies from $175.00 to $185.00 and gave the stock a “positive” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $173.13.

EL opened at $175.43 on Wednesday. Estee Lauder Companies has a 1-year low of $121.47 and a 1-year high of $194.74. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $64.31 billion, a price-to-earnings ratio of 38.90, a P/E/G ratio of 2.36 and a beta of 0.81. The business has a 50 day moving average of $185.29 and a 200-day moving average of $169.75.

A number of hedge funds have recently modified their holdings of the stock. Next Capital Management LLC acquired a new position in Estee Lauder Companies during the second quarter worth $25,000. Massey Quick Simon & CO. LLC raised its stake in Estee Lauder Companies by 387.9% during the second quarter. Massey Quick Simon & CO. LLC now owns 161 shares of the company’s stock worth $29,000 after acquiring an additional 128 shares in the last quarter. NuWave Investment Management LLC acquired a new position in Estee Lauder Companies during the second quarter worth $33,000. Meeder Asset Management Inc. acquired a new position in Estee Lauder Companies during the second quarter worth $34,000. Finally, Thor Advisors LLC acquired a new position in Estee Lauder Companies during the first quarter worth $37,000. 53.96% of the stock is owned by hedge funds and other 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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