Estee Lauder Companies Inc (EL) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.73 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $0.61. The company posted revenue of $2656.50 million in the period, compared to analysts expectations of $2655.00 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.
Many Wall Street Analysts have commented on Estee Lauder Companies Inc. Company shares were Reiterated by Stifel on Apr 19, 2016 to “Buy”, Firm has raised the Price Target to $ 105 from a previous price target of $96 .Company shares were Reiterated by Piper Jaffray on Apr 13, 2016 to “Overweight”, Firm has raised the Price Target to $ 100 from a previous price target of $99 .Estee Lauder Companies Inc was Downgraded by Goldman to ” Neutral” on Mar 16, 2016.
Estee Lauder Companies Inc opened for trading at $95.86 and hit $97.48 on the upside on Monday, eventually ending the session at $97.13, with a gain of 1.31% or 1.26 points. The heightened volatility saw the trading volume jump to 22,74,592 shares. Company has a market cap of $35,800 M.
In a different news, on Feb 5, 2016, Sara E Moss (Exec. VP, Gen. Counsel) sold 29,104 shares at $90.00 per share price. According to the SEC, on Nov 6, 2015, Alexandra C. Trower (EVP – Global Communications) sold 4,466 shares at $85.19 per share price. On Nov 6, 2015, Carl P. Haney (EVP-Global R&D) sold 11,211 shares at $85.20 per share price, according to the Form-4 filing with the securities and exchange commission.
The Estee Lauder Companies Inc. is a manufacturer and marketer of skin care makeup fragrance and hair care products. The Companys products are sold in over 150 countries and territories under a number of brand names including Estee Lauder Aramis Clinique Origins Le Labo M.A.C Bobbi Brown La Mer and Aveda. It is also the global licensee for fragrances and/or cosmetics sold under brand names such as Tommy Hilfiger Donna Karan Michael Kors Tom Ford and Coach. It sells its products principally through limited distribution channels to complement the images associated with its brands. These channels include points of sale consisting of upscale department stores specialty retailers upscale perfumeries and pharmacies and prestige salons and spas. In addition its products are sold in freestanding Company-operated stores its own and authorized retailer Websites stores on cruise ships direct response television (DRTV) in-flight and duty-free shops.