Zacks’ analyst wrote, “Estee Lauder’s fourth-quarter fiscal 2013 earnings of $0.24 per share increased 41.0% year over year. The results also beat the Zacks Consensus Estimate by 9.1%. Profits were driven by strong sales and higher operating income. Net sales climbed 8% backed by strong results in all geographical regions. We are also impressed with the company’s cost saving initiatives which boosts margins. Moreover, aggressive marketing investment coupled with continued product innovation is expected to boost sales in the coming quarters. Further, the company’s fast expansion into emerging markets is expected to insulate it from the ongoing macroeconomic challenges in the western countries. However, lack of strategic acquisitions and a difficult consumer spending environment remain overhangs. We, thus, prefer to remain on the sidelines with a Neutral rating. “
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a hold rating on shares of Estee Lauder Cos. in a research note to investors on Thursday, September 12th. They now have a $72.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Estee Lauder Cos. from $78.00 to $79.00 in a research note to investors on Thursday, September 12th. They now have a buy rating on the stock. Finally, analysts at Citigroup Inc. upgraded shares of Estee Lauder Cos. from a neutral rating to a buy rating in a research note to investors on Monday, September 9th. They now have a $78.00 price target on the stock, up previously from $75.00. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $74.84.
Estee Lauder Cos. (NYSE:EL) traded down 0.60% on Friday, hitting $68.875. 486,084 shares of the company’s stock traded hands. Estee Lauder Cos. has a 52-week low of $56.04 and a 52-week high of $72.70. The stock has a 50-day moving average of $69.00 and a 200-day moving average of $67.8. The company has a market cap of $26.683 billion and a price-to-earnings ratio of 26.86.
Estee Lauder Cos. (NYSE:EL) last issued its quarterly earnings data on Thursday, August 15th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.03. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Estee Lauder Cos. will post $2.88 earnings per share for the current fiscal year.
The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.
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