The Estée Lauder Companies (NYSE:EL) Releases Quarterly Earnings Results

The Estée Lauder Companies (NYSE:EL) posted its quarterly earnings results on Sunday. The company reported $1.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.30, RTT News reports. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.90 billion. The Estée Lauder Companies had a return on equity of 32.72% and a net margin of 4.38%. The firm’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share.

NYSE EL traded up $13.18 on Tuesday, reaching $302.11. The company’s stock had a trading volume of 3,267,822 shares, compared to its average volume of 1,431,159. The firm has a market cap of $109.59 billion, a PE ratio of 184.21, a price-to-earnings-growth ratio of 3.76 and a beta of 0.87. The business has a 50-day moving average price of $299.85 and a 200 day moving average price of $267.53. The Estée Lauder Companies has a 52 week low of $158.25 and a 52 week high of $318.34. The company has a current ratio of 1.85, a quick ratio of 1.39 and a debt-to-equity ratio of 1.10.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Friday, May 28th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, May 27th. This represents a $2.12 dividend on an annualized basis and a yield of 0.70%. The Estée Lauder Companies’s payout ratio is currently 51.46%.

Several research firms have issued reports on EL. DA Davidson upped their price target on The Estée Lauder Companies from $348.00 to $367.00 and gave the company a “buy” rating in a report on Tuesday. Stifel Nicolaus lifted their price objective on shares of The Estée Lauder Companies from $290.00 to $335.00 and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley lifted their price objective on shares of The Estée Lauder Companies from $331.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, April 26th. Oppenheimer boosted their price target on shares of The Estée Lauder Companies from $300.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, April 20th. Finally, Jefferies Financial Group upgraded shares of The Estée Lauder Companies from a “hold” rating to a “buy” rating and boosted their price target for the company from $240.00 to $310.00 in a report on Monday, February 8th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The Estée Lauder Companies currently has an average rating of “Buy” and an average target price of $297.30.

In other The Estée Lauder Companies news, VP Sara E. Moss sold 17,576 shares of the company’s stock in a transaction dated Thursday, February 25th. The shares were sold at an average price of $290.78, for a total transaction of $5,110,749.28. Following the sale, the vice president now directly owns 17,576 shares of the company’s stock, valued at $5,110,749.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Sara E. Moss sold 12,000 shares of the stock in a transaction that occurred on Friday, April 9th. The shares were sold at an average price of $300.00, for a total transaction of $3,600,000.00. Following the sale, the insider now directly owns 12,000 shares in the company, valued at $3,600,000. The disclosure for this sale can be found here. In the last three months, insiders sold 2,149,073 shares of company stock worth $608,055,929. 13.95% of the stock is currently owned by insiders.

The Estée Lauder Companies Company Profile

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, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

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Earnings History for The Estée Lauder Companies (NYSE:EL)

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