What's Going On With Cosmetics Company Estée Lauder Stock Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 30 2024
0mins
Source: Benzinga
Leadership Change at Estée Lauder: Estée Lauder Companies announced the appointment of Stéphane de La Faverie as the new President and CEO, effective January 1, 2025, succeeding Fabrizio Freda, who is retiring after over sixteen years.
Stock Performance: EL shares are down 31% over the past year and traded lower by 0.98% to $87.88 ahead of the company's fiscal 2025 first-quarter results set for release on October 31, 2024.
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Analyst Views on EL
Wall Street analysts forecast EL stock price to rise
18 Analyst Rating
8 Buy
9 Hold
1 Sell
Moderate Buy
Current: 78.910
Low
70.00
Averages
106.76
High
130.00
Current: 78.910
Low
70.00
Averages
106.76
High
130.00
About EL
The Estee Lauder Companies Inc. is a manufacturer, marketer and seller of skin care, makeup, fragrance and hair care products. Its products are sold in over 150 countries and territories under a number of brand names, including Estee Lauder, Aramis, Clinique, Lab Series, Origins, M.A.C, Bobbi Brown Cosmetics, La Mer, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, Kilian Paris, Too Faced, Dr.Jart+, and the DECIEM family of brands, including The Ordinary and NIOD, and BALMAIN Beauty. It is a licensee for fragrances, cosmetics and/or related products for AERIN, BALMAIN, and Dr. Andrew Weil. Its skin care products include moisturizers, serums, cleansers, toners, exfoliators, facial masks, body care, sun care products and others. Its makeup products include foundations, powders, concealers and setting sprays, lipsticks, lip liners and lip glosses, and mascaras, eyeshadows and eyeliners.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Oil Price Volatility: Despite a significant drop in benchmark oil prices on Monday, Brent and WTI prices diverged sharply in early Tuesday trading, indicating market concerns over potential supply shortages, particularly as July approaches.
- Military Actions Impacting Talks: U.S. Central Command announced 'self-defense' strikes against Iran targeting missile launch sites and mine boats, which could significantly affect the negotiation process and increase market uncertainty.
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- Strong Earnings Outlook: The Estee Lauder Companies Inc. (EL) holds a #2 (Buy) rating in the Zacks Rank, with its earnings per share estimate raised by $0.17 in the last 60 days, indicating robust growth potential that attracts momentum investors.
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- Rising Inflation Expectations: The 1-year inflation expectations for May were revised upward to 4.8%, exceeding the expected 4.6%, potentially prompting the Federal Reserve to consider interest rate hikes in upcoming meetings, which could pressure the stock market.
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- Merger Talks Collapse: Estée Lauder and Puig's merger discussions fell apart at the final stages due to disagreements among controlling families and demands from Charlotte Tilbury, which would have created a $40 billion entity, impacting brand positioning.
- Significant Market Reaction: Following the collapse, Estée Lauder's stock rose approximately 10%, while Puig's shares fell by 13%, indicating differing investor sentiments regarding the merger and reflecting Estée Lauder's increased confidence in remaining independent.
- Months of Negotiations: Discussions began late last year, with multiple meetings held in Paris, New York, and Barcelona, achieving preliminary agreements on governance but failing to resolve critical issues regarding asset structuring.
- Charlotte Tilbury's Influence: Demands related to Charlotte Tilbury's minority stake emerged as a major stumbling block, highlighting the importance of founder interests in governance and profit-sharing during the merger process.
See More
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- Rising Inflation Expectations: The 1-year inflation expectations for May were revised up to 4.8%, a 9-month high, exceeding the expected 4.6%, which could prompt the Fed to consider interest rate hikes at the upcoming meeting, affecting market liquidity.
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- Software Stocks Lead Gains: Workday's stock surged over 8% after reporting Q1 adjusted EPS of $2.66, exceeding the consensus of $2.51, and forecasting Q2 subscription revenue of $2.46 billion, further enhancing confidence in the software sector.
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