Wall Street brokerages forecast that Estee Lauder Companies Inc (NYSE:EL) will announce sales of $3.28 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Estee Lauder Companies’ earnings, with estimates ranging from $3.21 billion to $3.33 billion. Estee Lauder Companies posted sales of $2.89 billion in the same quarter last year, which suggests a positive year over year growth rate of 13.5%. The business is expected to report its next earnings results on Friday, August 17th.

On average, analysts expect that Estee Lauder Companies will report full-year sales of $13.67 billion for the current financial year, with estimates ranging from $13.60 billion to $13.72 billion. For the next financial year, analysts expect that the firm will post sales of $14.74 billion per share, with estimates ranging from $14.43 billion to $15.28 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Estee Lauder Companies.

Estee Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, May 2nd. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.10. The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.25 billion. Estee Lauder Companies had a net margin of 8.67% and a return on equity of 35.88%. Estee Lauder Companies’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS.

Several analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of Estee Lauder Companies from $147.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, April 5th. Oppenheimer upped their price objective on shares of Estee Lauder Companies from $148.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, April 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $150.00 price objective (up from $145.00) on shares of Estee Lauder Companies in a report on Tuesday, February 20th. Piper Jaffray Companies upped their price objective on shares of Estee Lauder Companies from $149.00 to $162.00 and gave the company an “overweight” rating in a report on Monday. Finally, Zacks Investment Research downgraded shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Estee Lauder Companies presently has a consensus rating of “Buy” and an average target price of $144.07.

Shares of EL stock traded down $0.98 during trading hours on Friday, hitting $157.05. The company’s stock had a trading volume of 1,481,622 shares, compared to its average volume of 1,874,293. The company has a market capitalization of $58.00 billion, a P/E ratio of 45.26, a price-to-earnings-growth ratio of 2.58 and a beta of 0.64. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 1.37. Estee Lauder Companies has a 12-month low of $93.45 and a 12-month high of $158.80.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Thursday, May 31st were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Wednesday, May 30th. Estee Lauder Companies’s dividend payout ratio is presently 43.80%.

In other Estee Lauder Companies news, EVP Gregory Polcer sold 40,797 shares of the company’s stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $150.00, for a total transaction of $6,119,550.00. Following the completion of the transaction, the executive vice president now directly owns 110,706 shares in the company, valued at $16,605,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 16.24% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Institutional & Family Asset Management LLC acquired a new stake in shares of Estee Lauder Companies in the first quarter valued at about $153,000. CNB Bank acquired a new stake in shares of Estee Lauder Companies in the fourth quarter valued at about $141,000. We Are One Seven LLC acquired a new stake in shares of Estee Lauder Companies in the fourth quarter valued at about $160,000. Captrust Financial Advisors acquired a new stake in shares of Estee Lauder Companies in the fourth quarter valued at about $186,000. Finally, Compton Capital Management Inc. RI acquired a new stake in shares of Estee Lauder Companies in the first quarter valued at about $220,000. Institutional investors and hedge funds own 54.21% of the company’s stock.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, 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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