Estée Lauder Companies (NYSE:EL) Releases Earnings Results

Estée Lauder Companies (NYSE:ELGet Free Report) announced its earnings results on Monday. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.33, MarketWatch Earnings reports. The firm had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.19 billion. Estée Lauder Companies had a return on equity of 13.93% and a net margin of 3.54%. The business’s revenue was down 7.4% compared to the same quarter last year. During the same period last year, the firm posted $1.54 EPS. Estée Lauder Companies updated its FY 2024 guidance to 2.080-2.230 EPS and its Q3 2024 guidance to 0.360-0.460 EPS.

Estée Lauder Companies Price Performance

Shares of EL stock opened at $150.28 on Tuesday. The stock has a market cap of $53.78 billion, a price-to-earnings ratio of 98.87, a PEG ratio of 4.17 and a beta of 1.07. The business’s fifty day moving average is $136.83 and its 200 day moving average is $142.91. Estée Lauder Companies has a twelve month low of $102.22 and a twelve month high of $267.91. The company has a quick ratio of 0.97, a current ratio of 1.45 and a debt-to-equity ratio of 1.33.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 29th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.76%. Estée Lauder Companies’s payout ratio is 173.69%.

Institutional Investors Weigh In On Estée Lauder Companies

Hedge funds have recently added to or reduced their stakes in the stock. Chilton Capital Management LLC bought a new stake in Estée Lauder Companies in the first quarter worth $37,000. Cornerstone Planning Group LLC bought a new stake in Estée Lauder Companies in the second quarter worth $39,000. Money Concepts Capital Corp boosted its holdings in Estée Lauder Companies by 32.3% in the fourth quarter. Money Concepts Capital Corp now owns 209 shares of the company’s stock worth $52,000 after acquiring an additional 51 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in Estée Lauder Companies in the first quarter worth $52,000. Finally, Milestone Investment Advisors LLC bought a new stake in Estée Lauder Companies in the first quarter worth $55,000. 55.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EL shares. Citigroup dropped their target price on Estée Lauder Companies from $165.00 to $155.00 and set a “neutral” rating for the company in a research report on Wednesday, October 11th. Raymond James dropped their target price on Estée Lauder Companies from $195.00 to $180.00 and set a “strong-buy” rating for the company in a research report on Monday, October 23rd. JPMorgan Chase & Co. boosted their target price on Estée Lauder Companies from $118.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. HSBC initiated coverage on Estée Lauder Companies in a research report on Tuesday, November 28th. They issued a “buy” rating and a $180.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $146.00 price target on the stock. in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Estée Lauder Companies presently has a consensus rating of “Hold” and an average target price of $176.63.

View Our Latest Research Report on Estée Lauder Companies

About Estée Lauder Companies

(Get Free Report)

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, 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 Estée Lauder Companies (NYSE:EL)

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