Estée Lauder Companies (NYSE:EL) Issues Q4 Earnings Guidance

Estée Lauder Companies (NYSE:EL) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.18-0.28 for the period, compared to the consensus earnings per share estimate of $0.75. Estée Lauder Companies also updated its FY 2024 guidance to 2.140-2.240 EPS.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Telsey Advisory Group reiterated a market perform rating and issued a $155.00 price objective on shares of Estée Lauder Companies in a report on Wednesday. Raymond James raised their price objective on shares of Estée Lauder Companies from $150.00 to $175.00 and gave the stock a strong-buy rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of Estée Lauder Companies from $169.00 to $145.00 and set an overweight rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Estée Lauder Companies from $160.00 to $159.00 in a research note on Wednesday. Finally, Bank of America upgraded shares of Estée Lauder Companies from a neutral rating to a buy rating and upped their price objective for the company from $160.00 to $170.00 in a research note on Thursday, March 28th. Seventeen analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Estée Lauder Companies presently has a consensus rating of Hold and an average target price of $160.92.

Estée Lauder Companies Stock Performance

EL traded down $2.00 on Friday, hitting $132.94. The company had a trading volume of 3,791,987 shares, compared to its average volume of 2,776,756. The stock has a market cap 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. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 0.96. Estée Lauder Companies has a 1-year low of $102.22 and a 1-year high of $209.64. The company’s fifty day moving average price is $145.88 and its 200 day moving average price is $138.18.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the prior year, the company posted $0.47 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. Equities analysts predict that Estée Lauder Companies will post 2.22 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company 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 $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, May 30th. Estée Lauder Companies’s dividend payout ratio is 148.31%.

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.