Estee Lauder Companies (NYSE:EL) Updates Q1 Earnings Guidance

Estee Lauder Companies (NYSE:EL) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $1.56-1.59 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.55. Estee Lauder Companies also updated its FY 2020 guidance to $5.90-5.98 EPS.

Shares of NYSE:EL opened at $203.72 on Thursday. Estee Lauder Companies has a fifty-two week low of $121.47 and a fifty-two week high of $206.00. The business has a 50-day moving average of $186.23 and a two-hundred day moving average of $170.72. The stock has a market capitalization of $72.97 billion, a P/E ratio of 38.15, a P/E/G ratio of 2.64 and a beta of 0.81. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.57 and a quick ratio of 1.26.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.11. Estee Lauder Companies had a return on equity of 44.43% and a net margin of 12.01%. The company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, research analysts expect that Estee Lauder Companies will post 5.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a $0.43 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.84%. Estee Lauder Companies’s dividend payout ratio is currently 32.21%.

EL has been the subject of a number of analyst reports. Zacks Investment Research raised Estee Lauder Companies from a hold rating to a buy rating and set a $212.00 price target for the company in a research report on Tuesday. Citigroup boosted their price target on Estee Lauder Companies from $197.00 to $231.00 and gave the stock a buy rating in a research report on Tuesday. Macquarie boosted their price target on Estee Lauder Companies from $170.00 to $195.00 and gave the stock an outperform rating in a research report on Thursday, May 2nd. Deutsche Bank reissued a buy rating and set a $221.00 price objective (up previously from $202.00) on shares of Estee Lauder Companies in a research report on Tuesday. Finally, Piper Jaffray Companies boosted their price objective on Estee Lauder Companies from $178.00 to $187.00 and gave the stock an overweight rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $188.88.

In other news, EVP Alexandra C. Trower sold 6,608 shares of Estee Lauder Companies stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $203.78, for a total value of $1,346,578.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.13% of the stock is currently owned by insiders.

About Estee Lauder Companies

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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Earnings History and Estimates for Estee Lauder Companies (NYSE:EL)

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