Estee Lauder's quarterly profit beats estimates

19 August, 2017, 00:57 | Author: Benny Bass
  • Estee Lauder Companies, Inc. (the) - EL - Stock Price Today - Zacks

Fayez Sarofim & Company sold 104,054 shares as Esteelaudercompaniesclassa (EL)'s stock rose 8.67%. The company reported $0.51 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.43 by $0.08. The company has a market cap of $37.18 billion, a PE ratio of 33.87 and a beta of 0.72. Tightening the gaze, stock performance for the last 5 trading days is -3.31%. The insider now directly owns 8,000 shares worth $786,560. The legal version of this story can be accessed at https://weekherald.com/2017/08/18/estee-lauder-companies-inc-the-el-announces-quarterly-earnings-results-beats-estimates-by-0-08-eps.html. It has underperformed by 15.21% the S&P500.The move comes after 7 months negative chart setup for the $36.92 billion company. It also reduced its holding in Mondelez Intl Inc (NASDAQ:MDLZ) by 561,912 shares in the quarter, leaving it with 6,336 shares, and cut its stake in Biogen Inc (NASDAQ:BIIB).

Investors sentiment increased to 2.29 in 2016 Q4. Its up 0.01, from 0.91 in 2016Q3. These holdings make up 77.15% of the company's outstanding shares. The value of the position overall is down by 61.3%. Its up 0.66, from 1.63 in 2016Q3. New York State Common Retirement Fund owns 16,900 shares. Loomis Sayles LP accumulated 1,670 shares. Glg Lc invested in 0.07% or 12,985 shares. Short-term investors can use monthly, weekly and even intraday trend graphs to foresee the direction of stocks. Brands, Inc. (NYSE:YUM). Janney Montgomery Scott Ltd Liability Co has 0.04% invested in Yum! First Corp In owns 2,999 shares for 0.09% of their portfolio. Advsrs Asset reported 6,426 shares stake. Guyasuta Invest Advisors invested in 0.03% or 3,400 shares. Old Mutual Glob (Uk) Ltd has 6,087 shares for 0.01% of their portfolio. D E Shaw & Commerce, New York-based fund reported 353,672 shares. The ex-dividend date was set for Friday the 26th of May 2017. LAUDER RONALD S FOUNDATION sold $1.54M worth of stock. Therefore 50% are positive. (The) in a research report on Saturday, April 22nd. The rating was maintained by RBC Capital Markets on Tuesday, August 8 with "Buy". Whereas 3 of them predict the stock is a hold. (The) in a research report on Thursday, August 10th. (The) in a report on Monday, May 1st. (The) in a research report on Thursday, August 10th. Stifel Nicolaus maintained the stock with "Buy" rating in Thursday, July 6 report. Keep in mind that Investors should not rely only on an analyst's recommendation when taking a decision whether to buy, hold, or sell a stock. Therefore 73% are positive. Finally, BidaskClub cut Estee Lauder Companies, Inc. As per Friday, September 9, the company rating was downgraded by Argus Research. 2,531 are owned by Brown Brothers Harriman Company. Wells Fargo & Company reissued an "outperform" rating and set a $106.00 price objective (up from $103.00) on shares of Estee Lauder Companies, Inc. Goldman Sachs upgraded the stock to "Buy" rating in Tuesday, April 4 report. (NYSE:EL) traded up 0.03% during midday trading on Wednesday, reaching $101.07. This dividend represents a yeild of $1.34 which is the dividend as a percentage of the current share price. As per Friday, February 3, the company rating was maintained by UBS. The Group President now owns $0 of the stock according to the SEC filing. (The) were worth $7,066,000 at the end of the most recent quarter.

Since May 4, 2017, it had 0 insider purchases, and 3 insider sales for $953,010 activity. Also, insider John Demsey sold 27,524 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $95.89, for a total value of $892,927.68. The total value of its holdings increased 49.5%. MA raised its position in Estee Lauder Companies, Inc. Moreover, Columbia Wanger Asset Management Llc has 1.16% invested in the company for 1.18 million shares.

In other news, Director Charlene Barshefsky sold 2,383 shares of Estee Lauder Companies, Inc. Cornerstone holds 1,934 shares. Financial Bank Of America De reported 0.04% stake. Bluefin Trading Limited Com stated it has 596,500 shares. Mason Street Ltd holds 30,407 shares.

Net income reported by Estee Lauder Companies Inc in its fiscal fourth quarter of 2017 was $230 million. Jefferies Group LLC set a $91.00 price objective on shares of Estee Lauder Companies, Inc. Advantus reported 22,308 shares. Finally, Public Employees Retirement System of OH increased its stake in shares of Estee Lauder Companies, Inc. The company's stock had a trading volume of 2,033,940 shares.

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