Q4 2024 Earnings Forecast for The Estée Lauder Companies Inc. Issued By DA Davidson (NYSE:EL)

The Estée Lauder Companies Inc. (NYSE:EL) – Equities research analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for shares of Estée Lauder Companies in a research note issued to investors on Thursday, May 2nd. DA Davidson analyst L. Weiser anticipates that the company will post earnings of $0.27 per share for the quarter. DA Davidson has a “Buy” rating and a $191.00 price objective on the stock. The consensus estimate for Estée Lauder Companies’ current full-year earnings is $2.22 per share.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.49. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.92 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.47 earnings per share.

A number of other research analysts have also commented on the stock. Morgan Stanley lowered shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $164.00 to $140.00 in a research note on Friday. Citigroup upgraded Estée Lauder Companies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $160.00 to $175.00 in a research report on Tuesday, April 2nd. Wells Fargo & Company upped their price objective on Estée Lauder Companies from $155.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Canaccord Genuity Group lowered their target price on Estée Lauder Companies from $140.00 to $131.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Estée Lauder Companies from $160.00 to $159.00 in a research report on Wednesday. Seventeen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $160.92.

Estée Lauder Companies Stock Down 1.5 %

EL stock opened at $132.94 on Friday. The firm’s 50-day moving average is $145.88 and its two-hundred day moving average is $138.18. The company has a market capitalization of $47.66 billion, a price-to-earnings ratio of 74.69, a price-to-earnings-growth ratio of 3.56 and a beta of 1.07. Estée Lauder Companies has a 52 week low of $102.22 and a 52 week high of $209.64. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 1.26.

Estée Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, May 30th. Estée Lauder Companies’s dividend payout ratio is currently 148.31%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EL. Riverview Trust Co purchased a new position in shares of Estée Lauder Companies during the 1st quarter valued at $26,000. Rakuten Securities Inc. purchased a new position in Estée Lauder Companies in the fourth quarter valued at about $26,000. Hexagon Capital Partners LLC grew its stake in Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after purchasing an additional 99 shares in the last quarter. Larson Financial Group LLC increased its position in Estée Lauder Companies by 3,262.5% in the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock worth $41,000 after purchasing an additional 261 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Estée Lauder Companies by 82.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock valued at $40,000 after buying an additional 125 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

About Estée Lauder Companies

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.