The Estee Lauder Companies Inc. (NYSE:EL) Announces $0.35 Quarterly Dividend

The Estee Lauder Companies Inc. (NYSE:EL) declared a quarterly dividend on Tuesday, August 18th. Investors of record on Monday, August 31st will be paid a dividend of 0.35 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, August 31st.

Estee Lauder Companies has increased its dividend payment by an average of 0.0%annually over the last three years. Estee Lauder Companies has a payout ratio of 63.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Estee Lauder Companies to earn $3.18 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 44.0%.

Estee Lauder Companies Stock Up 16.4%

EL stock opened at $98.10 on Thursday. The company has a market cap of $35.49 billion, a PE ratio of -140.15, a price-to-earnings-growth ratio of 0.66 and a beta of 1.25. The business has a 50-day simple moving average of $84.40 and a 200 day simple moving average of $86.67. Estee Lauder Companies has a 52 week low of $66.22 and a 52 week high of $121.64. The company has a quick ratio of 0.94, a current ratio of 1.27 and a debt-to-equity ratio of 1.71.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, August 19th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Estee Lauder Companies had a negative net margin of 1.67% and a positive return on equity of 20.66%. Estee Lauder Companies’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 earnings per share. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. Sell-side analysts anticipate that Estee Lauder Companies will post 2.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EL shares. Piper Sandler started coverage on shares of Estee Lauder Companies in a report on Friday, May 15th. They set an “overweight” rating and a $95.00 price target for the company. Zacks Research cut shares of Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Jefferies Financial Group boosted their price objective on shares of Estee Lauder Companies from $80.00 to $88.00 and gave the company a “hold” rating in a research report on Tuesday, July 28th. Sanford C. Bernstein started coverage on Estee Lauder Companies in a research note on Friday, June 12th. They set a “market perform” rating and a $82.00 target price for the company. Finally, The Goldman Sachs Group began coverage on Estee Lauder Companies in a report on Monday, June 22nd. They issued a “buy” rating and a $100.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $96.84.

Estee Lauder Companies Company Profile

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.