The Estée Lauder Companies Delivers Strong Fiscal Year 2017 Results
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Estee Lauder (EL) PT Raised to $122 at Morgan Stanley
August 22, 2017 8:34 AM EDTMorgan Stanley raised its price target on Estee Lauder (NYSE: EL) to $122.00 (from $106.00) while maintaining a Overweight rating.
... MoreEstee Lauder (EL) Tops Q4 EPS by 8c, Guides FY and Q1 EPS Above Views
August 18, 2017 6:47 AM EDT(Updated - August 18, 2017 6:55 AM EDT)
Estée Lauder (NYSE: EL) reported Q4 EPS of $0.51, $0.08 better than the analyst estimate of $0.43. Revenue for the quarter came in at $2.89 billion versus the consensus estimate of $2.85 billion.
Full Year Fiscal 2018
Net sales are forecasted to increase between 8% and 9% versus the prior-year period.Foreign currency translation is expected to positively impact sales by approximately 1% versus the prior-year period.Net sales are forecasted to grow between 7% and 8% in constant currency.The Companys... More