Estee Lauder Companies Inc (NYSE:EL), the manufacturer of Mac cosmetics and Clinique skin care, moved up to the record high in 9 months after the corporation announced profit and sales in the fourth-quarter surpassed analysts’ forecasts.
Shares of Estee Lauder moved up 9.3% to settle in New York at $60.13 and marked the major boost since Nov 3. Shares of the company have surged 7.1% current year.
The company reported in the statement on Tuesday that growth in China and airport stores and a boost in online sales aided profit in the three months period. Chief Executive Officer Fabrizio Freda reported that internet sales could double as a percentage of total revenue in the coming five years from 5% on Tuesday.
The company reported that net income for the three months period finished June 30 moved up 25% to $51.2 million or 13 cents per share, from $41.1 million or 10 cents per share in previous year.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Revlon, Inc (NYSE:REV) fell -1.10% to settle at $13.50, Inter Parfums, Inc (NASDAQ:IPAR) moved down -0.86% to end at $17.23 while Avon Products, Inc (NYSE:AVP) jumped +1.07% to finish on Tuesday at $16.02.
Estee Lauder Companies Inc (NYSE:EL) last session volume of 8.77 million shares was surprisingly higher than its average volume of 2.52 million shares. The stock after opening at $58.20 hit high price of $61.00 and then closed at $60.13 by scoring +9.31%.
The liquidity measure in recent quarter results of the company was recorded 1.89 as current ratio and on the other side the debt to equity ratio was 0.43 and long-term debt to equity ratio also remained 0.38. The Company had total cash at hand $1.19 billion and a book value per share as $7.30 in the most recent quarter.
The stock price volatility was 2.94% for a week and 2.81% for a month as well as price volatility’s Average True Range for 14 days was 1.85 and its beta remained 1.31.
EL generated revenue of 9.52 billion in the following twelve months and earned $846.80 million. The Company showed a positive 8.94% in the net profit margin and as well as in its operating margin which remained 13.68%. Company’s annual sales growth for the past five year was 6.39%.
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