Stock Update (NYSE:EL): The Estée Lauder Companies Completes Investment in Dr. Jart+

[Business Wire] – The Estée Lauder Companies Inc. announced today that it has completed its investment in Have & Be Co. Ltd., the South Korean company behind skin care brands Dr. Jart+ and Do The Right Thing. Read more on this. The Estée Lauder Companies Inc. (EL) , currently valued at $32.92B, began trading this morning at $89.77. During today’s session, EL traded between $86.04 to $89.50 with its 52-week range being $70.38 to $91.68. Estee Lauder (EL) shares are currently priced at 27.98x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.39x earnings multiple for the same period. The company pays shareholders $1.20 per share in dividend income per year, for a current yield of 1.40%. In a review of the consensus earnings estimate this quarter, 21 sell-side analysts are looking at $1.11 per share, which would be $0.02 worse than the year-ago quarter and a $0.10 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.19, which would be a $0.37 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.09 Billion. If realized, that would be a 1.64% increase over the year-ago quarter. Recently, Jefferies Initiated EL at Hold (Sep 28, 2015). Previously, Telsey Advisory Group upgraded EL from Market Perform to Outperform. Given all the information above, we should disclose to readers that the average price target is $95.37, which is 6.24% above than it opened this morning. See more in (NYSE:EL) Similar Articles: Market Update (NYSE:EL): The Estée Lauder Companies Names John Demsey Executive Group President; Jane Hertzmark Hudis Promoted to Group President Market Update (NYSE:EL): The Estée Lauder Companies to Webcast Its Presentation at the Barclays Global Consumer Staples Conference Stock Update (NYSE:EL): The Estée Lauder Companies to Webcast Discussion of Fiscal 2015 Fourth Quarter and Full Year Financial Results on August 17, 2015