ValuEngine Buy Estee Lauder Posts Good Numbers
ValuEngine | Aug 21, 2018 01:59AM ET
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The Estee Lauder Companies Inc. (NYSE:EL) is one of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under brand names including: Est?e Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, M?A?C, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Fr?d?ric Malle, GLAMGLOW, By Kilian, BECCA, and Too Faced.
Cosmetics giant Estee Lauder posted decent Q4 2018 earnings today and investors were pleased. The Company reported fiscal year 2018 diluted net earnings per common share of $2.95 compared with $ 3.35 reported in the prior year . Excluding restructuring and other charges and adjustments, adjusted diluted net earnings per common share increased 30% to $4.51, and in constant currency rose 24%.
Estee Lauder reported net sales of $3.30 billion, a 14% increase compared with $ 2.89 billion in the prior -year period . They posted net sales growth in most brands and across -the -board gains in all geographic regions and product categories.
Net earnings for the quarter were $186 million, compared with $229 million last year, and diluted net earnings per common share was $.49, compared with $.61 reported in the prior -year period.
While numbers were down, sales were strong and that seems to be what the street has focused on. We have had a BUY rating on this stock for much of 2018.
VALUENGINE RECOMMENDATION: ValuEngine continues its BUY recommendation on ESTEE LAUDER for 2018-08-17. Based on the information we have gathered and our resulting research, we feel that ESTEE LAUDER has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Company Size and Sharpe Ratio.
You can download a free copy of detailed report on Estee Lauder (EL) from the link below.
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