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

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

Estée Lauder Companies Trading Down 1.5 %

Shares of NYSE:EL traded down $2.00 during midday trading on Friday, reaching $132.94. The company’s stock had a trading volume of 3,791,987 shares, compared to its average volume of 2,776,756. The firm has a market capitalization of $47.66 billion, a price-to-earnings ratio of 74.69, a PEG ratio of 3.56 and a beta of 1.07. Estée Lauder Companies has a fifty-two week low of $102.22 and a fifty-two week high of $209.64. The firm has a 50 day moving average price of $145.88 and a two-hundred day moving average price of $138.18. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.96 and a current ratio of 1.58.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the business earned $0.47 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts forecast that Estée Lauder Companies will post 2.22 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

EL has been the topic of a number of research analyst reports. Oppenheimer restated a market perform rating on shares of Estée Lauder Companies in a research note on Monday, April 15th. Bernstein Bank upped their price objective on Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday. 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 research note on Thursday. Royal Bank of Canada increased their price target on shares of Estée Lauder Companies from $115.00 to $131.00 and gave the company a sector perform rating in a research report on Tuesday, February 6th. Finally, Morgan Stanley downgraded shares of Estée Lauder Companies from an overweight rating to an equal weight rating and decreased their price objective for the stock from $164.00 to $140.00 in a report on Friday. Seventeen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Estée Lauder Companies has an average rating of Hold and an average target price of $160.92.

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.