Revenue Update on Estee Lauder Companies Inc(NYSE:EL)

Estee Lauder Companies Inc(NYSE:EL) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Aug 19, 2016. Company reported revenue of $2.65B. Analysts estimated a revenue of $2.66B. Earnings per share were $0.43. Analysts had estimated an EPS of $0.40.

In a different note, On Jun 13, 2016, CLSA said it Upgrades its rating on Estee Lauder Companies Inc. The shares have been rated ‘Buy’ by the firm.

Estee Lauder Companies Inc (EL) made into the market gainers list on Mondays trading session with the shares advancing 0.28% or 0.25 points. Due to strong positive momentum, the stock ended at $90.86, which is also near the day’s high of $91.18. The stock began the session at $90.65 and the volume stood at 9,54,330 shares. The 52-week high of the shares is $97.48 and the 52 week low is $75.4. The company has a current market capitalization of $33,229 M and it has 36,57,13,210 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 7, 2016, Fabrizio Freda (President and CEO) sold 15,975 shares at $90.84 per share price.Also, On Jun 27, 2016, Gregory Polcer (EVP – Global Supply Chain) sold 35,000 shares at $94.73 per share price.On Jun 8, 2016, Carl P. Haney (EVP-Global R&D) sold 34,483 shares at $93.39 per share price, according to the Form-4 filing with the securities and exchange commission.

The Estee Lauder Companies Inc. is a manufacturer and marketer of skin care makeup fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under a number of brand names including Estee Lauder Aramis Clinique Origins Le Labo M.A.C Bobbi Brown La Mer and Aveda. It is also the global licensee for fragrances and/or cosmetics sold under brand names such as Tommy Hilfiger Donna Karan Michael Kors Tom Ford and Coach. It sells its products principally through limited distribution channels to complement the images associated with its brands. These channels include points of sale consisting of upscale department stores specialty retailers upscale perfumeries and pharmacies and prestige salons and spas. In addition its products are sold in freestanding Company-operated stores its own and authorized retailer Websites stores on cruise ships direct response television (DRTV) in-flight and duty-free shops.

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