Revenue rose to $2.65 billion from $2.52 billion, just shy of the FactSet consensus of $2.66 billion, with all product categories, except fragrance, reporting increases.
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Analysts on average had expected a profit of 40 cents per share and revenue of $2.66-billion. (NYSE:EL) reported Q4 earnings per share $0.25.
The strong results also come at a time of restructuring – the company predicts costs of between $80m and $100m (£61.16m – 76.45m) as it plans to exit certain markets and reduce its global workforce. The last close places the company’s stock about $1.09 off its 52 week high of $55.63 and $24.95 above the 52 week low of $29.59. The stock’s 50 day moving average is $93.01 and its 200 day moving average is $92.69.
Net loss in the quarter widened to $58.4 million or $2.39 per diluted share compared to the $1.1 million or 4 cents per share from the same quarter previous year. Estee Lauder Companies has a 52 week low of $73.67 and a 52 week high of $97.48. Past 5 years growth of Estee Lauder Companies Inc (NYSE:EL) observed at 20.15%, and for the next five years the analysts that follow this company are expecting its growth at 11.10%. The stock has a market capitalization of $35.11 billion and a price-to-earnings ratio of 30.67. Foot Locker, Inc. (NYSE:FL) quarterly performance is 5.84% while its year to date (YTD) performance is -3.97%. (NYSE:EL) closed up +2.08 points or 2.24% at $95.1 with 3.49 mln shares exchanging hands.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. The mean price target is calculated keeping in view the consensus of 19 brokerage firms. Investors of record on Wednesday, August 31st will be given a dividend of $0.30 per share. Checchi Capital Advisers LLC boosted its position in Estee Lauder Companies by 1.2% in the second quarter. Conning Inc. boosted its position in Estee Lauder Companies by 2.0% in the second quarter. Now shares have been rated as “Buy” from 8 Analysts. 6 analysts have suggested the company is a “Hold”.
Having a glance at growth estimates of the company, it has current quarter growth estimates of 0.00% whereas for next quarter it has 9.80% estimations over growth. Wall Street had hoped for earnings of $3.53 a share.
Company latest quarter ended on 30 Jun 2016, company announced earnings of $0.79.
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The sales rise was driven, in part, by strong demand for the company’s M.A.C and Bobbi Brown brands, aimed at younger consumers, with the more traditional Estee Lauder and Clinique lines proving less popular in America.
