In the last trading session, 2.87 million shares of the Estee Lauder Cos., Inc. (NYSE:EL) were traded, and its beta was 1.01. Most recently the company’s share price was $87.25, and it changed around -$1.38 or -1.56% from the last close, which brings the market valuation of the company to $31.32B. EL currently trades at a discount to its 52-week high of $159.75, offering almost -83.09% off that amount. The share price’s 52-week low was $82.39, which indicates that the current value has risen by an impressive 5.57% since then. We note from Estee Lauder Cos., Inc.’s average daily trading volume that its 10-day average is 2.86 million shares, with the 3-month average coming to 3.97 million.
Estee Lauder Cos., Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2.38. If we narrow it down even further, the data shows that 0 out of 24 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 5 recommended EL as a Hold, whereas 12 deemed it a Buy, and 0 rated it as Underweight. Estee Lauder Cos., Inc. is expected to report earnings per share of 0.09 for the current quarter.
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Estee Lauder Cos., Inc. (NYSE:EL) trade information
Instantly EL has showed a red trend with a performance of -1.56% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 90.40 on recent trading dayincreased the stock’s daily price by 3.48%. The company’s shares are currently down -40.34% year-to-date, but still down -3.10% over the last five days. On the other hand, Estee Lauder Cos., Inc. (NYSE:EL) is -13.43% down in the 30-day period. We can see from the shorts that 4.49 million shares have been sold at a short interest cover period of 1.1 day(s).
The consensus price target as assigned by Wall Street analysts is $130, which translates to bulls needing to increase their stock price by 32.88% from its current value. Analyst projections state that EL is forecast to be at a low of $98 and a high of $360.
Estee Lauder Cos., Inc. (EL) estimates and forecasts
Estee Lauder Cos., Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -40.83 percent over the past six months and at a 14.29% annual growth rate that is well above the industry average of 7.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -18.20% in revenue this quarter, and will report an increase of 20.50% in the next quarter. The year-over-year growth rate is expected to be 0.40%, up from the previous year.
Consensus estimates provided by 18 financial analysts predict the company will bring in an average of 3.38B in revenue for the current quarter. 18 analysts expect Estee Lauder Cos., Inc. to make 4.29B in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will drop, forecast at -4.40%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -25.84%. Estee Lauder Cos., Inc. earnings are expected to increase by 11.05% in 2024, but the outlook is positive 25.53% per year for the next five years.
EL Dividends
Estee Lauder Cos., Inc.’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 3.03 percent and its annual dividend per share was 2.64. It is important to note, however, that the 3.03% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.16 per year.
Estee Lauder Cos., Inc. (NYSE:EL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.42% of Estee Lauder Cos., Inc. shares, and 92.44% of them are in the hands of institutional investors. The stock currently has a share float of 92.83%. Estee Lauder Cos., Inc. stock is held by 1458.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 5.9395% of the shares, which is about 21.33 million shares worth $2.27 billion.
BLACKROCK INC., with 4.1332% or 14.84 million shares worth $1.58 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
