On Thursday,The Estee Lauder Companies Inc. (NYSE:EL)declared an 8% increase in fiscal first-quarter earnings to $299.5 million, or 76 cents per share, as compared to $278.6 million, or 70 cents per share, in the last year same quarter.
Revised earnings jumped up to 79 cents per share against 70 cents in the similar quarter a year ago. Sales moved higher 3% to $2.55 billion in contrast with $2.48 billion in initial quarter last year.
Experts polled by FactSetpredicted earnings of 76 cents per share on sales of $2.54 billion.
Organic sales development for the quarter was accordingly with our targets, while earnings per share were higher than planned.
Its competitors include The Procter & Gamble Company (NYSE:PG) that surged +0.22% to $69.40 with the total traded volume of 3.49 million shares.
Other Consumer Goods stocks with bullish trend include Avon Products, Inc. (NYSE:AVP) up +1.10% to $15.66, Warnaco Group Inc (NYSE:WRC) up +0.81% to $71.15 and Xerox Corporation (NYSE:XRX) up +2.80% to $6.62, whereas with bearish trend include Ford Motor Company(NYSE:F) down -2.24% to $10.90, General Motors Company (NYSE:GM) down -0.75% to $25.31 and Philip Morris International Inc.(NYSE:PM) down -0.42% to $88.19.
Estee Lauder Companies Inc (NYSE:EL) stock’s trade at beginning with a price of $59.47 and the current trading session climbed at a high of $61.60 other than the stock finally declined -0.28% to $61.45.
Shares price of EL moved down from its 20 days moving average with -2.64% and remote negatively from 50 days moving average with -0.56%. EL current year earnings per share experienced an addition with 23.94% while its current quarter performance remained +17.64%.
EL has a trade volume of 1.99 million shares is higher as compared to average trading capacity of 1.70 million shares.
EL last month stock price volatility remained 1.73%. In its share capital EL has 387.46 million outstanding shares among them 228.12 million shares have been floated in market exchange. EL stock institutional ownership remained 95.11% while insider ownership included 0.30%.
The stock is ahead its 52 week low with +31.37% and lagging behind from its 52 week high price with -6.65%. Company’s beta coefficient included 1.32. Beta factors measures the amount of market risk associated with market trade.
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