The Estée Lauder Companies Inc. (EL) To Go Ex-Dividend on August 30th

The Estée Lauder Companies Inc. (NYSE:EL) declared a quarterly dividend on Monday, August 19th, Zacks reports. Investors of record on Friday, August 30th will be given a dividend of 0.66 per share on Monday, September 16th. This represents a $2.64 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Friday, August 30th.

Estée Lauder Companies has raised its dividend payment by an average of 21.0% annually over the last three years. Estée Lauder Companies has a payout ratio of 66.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Estée Lauder Companies to earn $3.94 per share next year, which means the company should continue to be able to cover its $2.64 annual dividend with an expected future payout ratio of 67.0%.

Estée Lauder Companies Stock Down 2.0 %

Shares of NYSE EL opened at $90.97 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26. The business has a 50-day moving average of $102.14 and a 200-day moving average of $126.98. The firm has a market capitalization of $32.62 billion, a price-to-earnings ratio of 51.11, a PEG ratio of 1.79 and a beta of 0.99. Estée Lauder Companies has a 12 month low of $86.05 and a 12 month high of $165.76.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Monday, August 19th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.39. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 EPS. Sell-side analysts expect that Estée Lauder Companies will post 2.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Estée Lauder Companies

In related news, EVP Jane Lauder sold 14,976 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the sale, the executive vice president now owns 57,389 shares in the company, valued at $6,958,990.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 12.77% of the company’s stock.

Analyst Upgrades and Downgrades

EL has been the topic of a number of research reports. Morgan Stanley lowered their price target on Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Tuesday. DA Davidson decreased their price objective on Estée Lauder Companies from $191.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday. Raymond James downgraded Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 22nd. Stifel Nicolaus reduced their price target on shares of Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, The Goldman Sachs Group decreased their price target on shares of Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating on the stock in a research note on Tuesday. Sixteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Estée Lauder Companies presently has an average rating of “Hold” and an average price target of $124.13.

Estée Lauder Companies Company Profile

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.