Erste Group Bank Forecasts Weaker Earnings for L’Oreal

L’Oreal SA (OTCMKTS:LRLCY) – Equities research analysts at Erste Group Bank dropped their FY2027 EPS estimates for shares of L’Oreal in a report issued on Tuesday, September 8th. Erste Group Bank analyst S. Lingnau now forecasts that the company will post earnings per share of $3.47 for the year, down from their prior forecast of $3.48. The consensus estimate for L’Oreal’s current full-year earnings is $3.18 per share.

A number of other equities analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded L’Oreal from a “hold” rating to a “sell” rating in a research report on Monday, June 22nd. BNP Paribas Exane upgraded L’Oreal from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 2nd. Jefferies Financial Group upgraded L’Oreal from an “underperform” rating to a “hold” rating in a research note on Wednesday, August 5th. Citigroup raised shares of L’Oreal from a “neutral” rating to a “buy” rating in a research report on Thursday, June 25th. Finally, Argus set a $100.00 price objective on shares of L’Oreal in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $100.00.

L’Oreal Stock Up 0.9%

Shares of LRLCY stock opened at $88.87 on Monday. L’Oreal has a 52-week low of $78.82 and a 52-week high of $95.48. The firm’s 50-day moving average is $88.16 and its 200-day moving average is $86.36. The company has a quick ratio of 1.15, a current ratio of 1.44 and a debt-to-equity ratio of 0.23.

About L’Oreal

L’Oréal SA is a French beauty and cosmetics company that develops, manufactures and markets products for hair care, hair color, skin care, makeup and fragrances. Its portfolio serves consumers, beauty professionals and dermatology-focused customers through brands spanning mass-market, premium, professional and medical beauty categories.

The company’s business is organized around four principal divisions: Consumer Products, L’Oréal Luxe, Professional Products and Dermatological Beauty. Its brands include L’Oréal Paris, Maybelline New York, Garnier, Lancôme, Yves Saint Laurent Beauté, Kérastase, Redken, La Roche-Posay, CeraVe and SkinCeuticals, among others.

Founded in 1909 by chemist Eugène Schueller, L’Oréal has grown into an international company serving markets across Europe, North America, Latin America, Africa, the Middle East and Asia-Pacific.